ROK Resources Reports Strong Q1, Plans Drilling Expansion
Company Announcements

ROK Resources Reports Strong Q1, Plans Drilling Expansion

ROK Resources (TSE:ROK) has released an update.

ROK Resources Inc. has announced its Q1 2024 financial results, maintaining its strategic budget and reducing its adjusted net debt to $14.4 million, a drop from the previous quarter. The company achieved production growth and operational cost efficiencies, setting the stage to launch a drilling program targeting Frobisher light oil prospects in Southeast Saskatchewan. ROK is gearing up for an active second quarter with a $10 million budget allocated for drilling activities.

For further insights into TSE:ROK stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskROK Resources Boasts Strong 2024 Drilling Results
TipRanks Canadian Auto-Generated NewsdeskROK Resources Reports Strong Q2 Despite Challenges
TipRanks Canadian Auto-Generated NewsdeskROK Resources Secures Significant Stake in EMP Metals
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App