ROK Resources Announces $0.03/Share Return of Capital and Expanded 2026 Drilling Program
ROKRF sits 96% above its 52-week low of $0.126.
Summary
ROK Resources announced a $0.03 per share return of capital payable in December 2026, subject to shareholder approval at the December 3 AGM. The company also expanded its 2026 drilling program to 12 gross wells after selling two non-core assets for $9.6 million net cash, which reduced abandonment and reclamation obligations by $10.4 million (16%). Updated guidance includes capex of $23.4 million, average production of 3,025 boepd, funds from operations of $28.8 million, and an adjusted net surplus of $6.4 million at year-end. The company also hedged 35% of base oil production with a costless collar at CA$115.00-$140.10 per barrel for November 2026 through March 2027. This is a meaningful capital allocation shift toward shareholder returns while maintaining drilling momentum in core Southeast Saskatchewan.
At the time of this announcement, ROKRF was trading at $0.25 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $54.2M. The 52-week trading range was $0.13 to $0.30. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.