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