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REGINA, SK / ACCESSWIRE / May 26, 2023 / ROK Resources Inc. (“ ROK ” or the “ Company “) ( TSXV:ROK )( TSXV:ROK.WT )( OTCQB:ROKRF ), has filed its interim Financial Results and Management Discussion and Analysis for the three months ended March 31, 2023. Financial and Operating Highlights In Q1 2023, the Company realized production volume of 372,570 total boe (4,140 boe/d), resulting in crude and natural gas sales of $24.1 million and funds from operations of $13.3 million. This equates to an operating netback, after hedging, per boe of $33.71 and an operating income profit margin, after hedging, of 52.0%. For Q1 2022, a gain on acquisition of $66.8 million significantly contributed to the resulting net income of $76.2 million for the quarter. Financial Q1 2023 Q1 2022 Net income 330,025 76,209,556 Basic ($/share) 0.00 0.73 Diluted ($/share) 0.00 0.69 Funds flow 11,514,733 2,379,036 Basic ($/share) 0.05 0.02 Diluted ($/share) 0.04 0.02 Expenditures on property, plant and equipment 5,445,650 46,903 Operating Operating Income Oil and Natural Gas Sales 24,137,513 8,121,878 Royalties (4,771,385) (1,289,058) Operating Expenses (9,471,536) (1,844,131) Operating Income 9,894,592 4,988,689 Realized gain on commodity contracts 2,666,447 – Processing and other income 734,731 62,475 Funds from […]
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