Rok Resources, Inc. Class B · TSXV:ROK
Rok Resources, Inc. Class B — Investor Presentation (June 2024)
29 slides from Rok Resources, Inc. Class B's investor presentation, June 2024
Slide 1: Investor Presentation June 2024
INVESTOR PRESENTATION June 2024 A growth-oriented oil & gas company well-positioned to capitalize on the current commodity cycle TSX.V:ROK | OTCQB:ROKRF
Slide 2: Experienced Leadership Team
Experienced Leadership Team Co-founder of ROK Resources Inc., former President and CEO of Villanova 4 Oil Corp., Villanova Cameron Taylor Oil Corp. & Villanova Resources Inc. Mr. Taylor is a geoscientist with over 30 years of experience in Chairman & oil & gas exploration and development. Since grad
Slide 3: Solid Track Record of Execution and Value Creation
Solid Track Record of Execution and Value Creation Management brings a solid track record of execution and value creation through the development, from infancy to the successful divestitures, of four successive companies generating shareholder returns of 3x Previous Experience 4 Successive Company E
Slide 4: Company Profile | Snapshot
Company Profile | Snapshot 2024E Highlights 4,150 $31.0 $24.0 $20.0 1 (64% liq.) Average Production Funds Flow Capex Exit Net Debt (boe/d) ($ million) ($ million) ($ million) Recent Announcements Production Profile (2H 2024 Estimate) Kaybob 4,300 boe/d Term Debt Record Daily Preliminary 1,400 boe/d
Slide 5: Corporate Milestones
Corporate Milestones December 2023 Daily Avg. 3,054 2,950 4,650 4,000 4,150 boe/d boe/d boe/d boe/d boe/d Q1 2022 Q2 2022 Q1 2023 Q2 2023 Q4 2023 H2 2023 H1 2024 2024 Avg. Closed Results beat Closed SE Strategic Drilled the best Organically Recent addition 13 gross (11.95 transformational estimates
Slide 6: 2023 Highlights
2023 Highlights 40% $20mm $13.69/boe and $11.20/boe increase in production reduction in net debt 1P and 2P FD&A costs Averaged a record 3,876 boe/d (62% ✓ Repaid $52.5mm term debt Realized Total Proved and Total Proved liquids), an increase of 40% compared ✓ Reduced net debt 59% YoY + Probable FD&A1
Slide 7: Company Profile | Corporate Guidance
Company Profile | Corporate Guidance 2023 ACTUALS 2024E FORECAST Q4/2023 Full Year 2023 H1 2024E1 H2 2024E2 2024E2 Average Production 4,210 boe/d 3,876 boe/d 4,000 boe/d 4,300 boe/d 4,150 boe/d Net Operating Income3 $9.9mm $37.3mm $15.1mm $16.6mm $31.7mm General & Admin Expenses $1.9mm $5.6mm $2.7mm
Slide 8: Company Profile | Capitalization
Company Profile | Capitalization Capitalization Summary 50-day Moving Average (June 18, 2024) $0.29 TSXV: ROK Basic Shares 218.4mm Management & Board Public Warrants1 (ROK.WT) (Strike Price $0.25) 113.1mm ~17% Options (Average Strike Price $0.27) 20.3mm Fully Diluted Shares 351.9mm Market Capitaliza
Slide 9: Locations | Asset Overview
Locations | Asset Overview ROK Lands Corporate Gross Acres: 358,630 Net Acres:168,470 Saskatchewan Gross Acres: 282,200 Net Acres: 122,424 >75% Crown Acreage In 1H 2024, approximately 60% of ROK’s capital budget is dedicated to well reactivations and recompletions in core operating areas in SE Saska
Slide 10: Locations | High Quality Drilling Inventory
Locations | High Quality Drilling Inventory Booked Target Gross # Drilling Core Area1 Formations Sections Avg WI% Locations1,2,3 Pinto/Oxbow/ Frobisher & 84 81% 80 Alameda Midale Gle n Ewen Frobisher & 17 96% 17 Midale Workman/ Frobisher & 19 64% 5 Gainsborough Midale Cardium, Kaybob Montney, 83 70%
Slide 11: Southeast SK Assets | Frobisher
Southeast SK Assets | Frobisher Analogous Frobisher Production vs. Reserve & Forecast Curves US$70 WTI / US$80 WTI / US$90 WTI / $3 AECO $3 AECO $3 AECO Daily Oil Production (Bopd) DCE cost $1.3mm $1.3mm $1.3mm 350 EUR 68 mbbl 68 mbbl 68 mbbl NPV10% $1.2mm $1.8mm $2.4mm 300 Reserves Type Curve IRR (
Slide 12: Southeast SK Assets | Midale
Southeast SK Assets | Midale Analogous Frac'd Midale Production vs. Reserve & Forecast Curves US$70 WTI / US$80 WTI / US$90 WTI / $3 AECO $3 AECO $3 AECO Daily Oil Production (Bopd) DCE cost $1.9mm $1.9mm $1.9mm 300 EUR 75 mbbl 75 mbbl 75 mbbl NPV10% $0.9mm $1.5mm $2.2mm 250 Reserves Type Curve IRR
Slide 13: Reserves Summary | December 31, 2023
Reserves Summary | December 31, 2023 Corporate Reserves Summary PDP PROB 5.8mmboe 7.7mmboe (27%) (36%) Oil Vol. Gas Vol. NGL Vol. Total Vol. Liquids NPV-1 0 % mbbl Mmcf mbbl mboe % $mm PUD+PDNP 7.6mmboe (36%) PDP 2,722 14,345 659 5,772 59% $44 PDP 1P 7,275 27,196 1,591 13,399 66% $ 1 30 $44mm PROB (
Slide 14: Value Proposition | Peer Comparison
Value Proposition | Peer Comparison1,2 Select Domestic Oil Weighted Producers 2024E EV/DACF (x) Share Price since Inception of new Management Team (TSX.V:ROK)3 6.0x $0.60 5.0x $0.50 4.0x 3.3x $0.40 ~$0.26/share 3.0x 2.0x $0.30 1.0x ~$0.10/share $0.20 0.0x $0.10 Peer 10 Peer 11 Peer 13 Peer 14 Peer 1
Slide 15: Catalysts For Growth | Why Invest in ROK Resources
Catalysts For Growth | Why Invest in ROK Resources We have consistently hit our targets and delivered results in line with our long-term strategy. We will continue to work hard to deliver material value to shareholders in 2024 and beyond. Strong Free Proven Substantial Conservative High Quality Long
Slide 16: Lithium Exploration | Overview
Lithium Exploration | Overview ROK’s lithium diversification is a highly opportunistic strategy, with access to untapped Lithium Land Positions lithium properties in Saskatchewan • ROK is a 25% shareholder and manager of operations of Hub City Lithium Corp. Land Positions • Hub City Lithium Corp. ha
Slide 17: Lithium Exploration | Preliminary Economic Assessment
Lithium Exploration | Preliminary Economic Assessment Preliminary Economic Assessment (PEA) Results for Viewfield Lithium Brine Project • ROK is a 25% shareholder and manager of operations of Hub City Capex1 Lithium Corp. US$571mm • The PEA outlines the estimated production of battery-quality lithiu
Slide 18: Lithium Exploration | PEA Peer Comparison
Lithium Exploration | Preliminary Economic Assessment – Peer Comparison Our PEA results are best-in-class and rank Hub City Lithium’s resource as a leader amongst its peers Grade (mg/l Li) OPEX (US$/tonne) 128 $6,807 105 75 74 70 $3,899 $3,656 $3,319 $2,819 Hub City Lithium Peer 1 Peer 2 Peer 3 Peer
Slide 19: Lithium Exploration | PEA Competitors Map
Lithium Exploration | Preliminary Economic Assessment – Competitors Map Hub City Lithium’s resource ranks as best-in-class amongst its peers Hub City Lithium (HCL) Permit HCL PEA Project Areas • The PEA encompasses 11,000 net hectares of land at Viewfield, Peer 1 Saskatchewan, representing 46% of Hu
Slide 20: Lithium Exploration | Remaining Path to Commercialization
Lithium Exploration | Remaining Path to Commercialization Operational Units 2024 2027 PEA Wellfield Direct Lithium Concentration, Refining & Exploitation Best-in-class PEA Includes all production Extraction (DLE)1 Conversion 2 Two production stages via multi-leg, for Viewfield project wellbores, dis
Slide 21: Analyst Coverage | Independent Research
Analyst Coverage | Independent Research Kirk Wilson, CFA Garett Ursu, CFA Adam Gill Managing Director, Research (Energy) Research Analyst Director, Energy Research kwilson@beaconsecurities.ca gursu@cormark.com agill@echelonpartners.com Christopher True Bill Newman, CFA Equity Research Analyst Vice P
Slide 22: Appendix
APPENDIX 22 | TSX.V: ROK
Slide 23: Appendix I | Board of Directors
Appendix I | Board of Directors Cameron Taylor Chairman & Chief Executive Officer Geoscientist with over 30 years of international O&G experience with Pan Orient Energy, Orion Securities, Jeffrey Chisholm Bow Valley Energy, Canadian Occidental Petroleum (Nexen), PanCanadian Petroleum (Encana) and Ni
Slide 24: Appendix II | Kaybob Assets
Appendix II | Kaybob Assets Kaybob assets offer significant upside potential with rising commodity prices 24 TSX.V: ROK
Slide 25: Appendix III | Kaybob Cardium
Appendix III | Kaybob Cardium Analogous Cardium Production vs Reserve & Forecast Curves US$80 WTI / US$90 WTI / US$100 WTI / $3 AECO $3 AECO $3 AECO Daily Oil Production (Bopd) DCE cost $3.2mm $3.2mm $3.2mm 400 EUR 125 mbbl 125 mbbl 125 mbbl 350 NPV10% $2.3mm $3.3mm $4.3mm Reserves Type Curve IRR (B
Slide 26: Appendix IV | Kaybob Montney
Appendix IV | Kaybob Montney Analogous Montney Production vs Reserve & Forecast Curves $4/MCF AECO $5/MCF AECO $6/MCF AECO Daily Gas Production (mmcf/d) DCE cost $5.3mm $5.3mm $5.3mm 10,000 EUR 3,500 mmcf 3,500 mmcf 3,500 mmcf 9,000 NPV10% $1.2mm $3.0mm $5.5mm 8,000 Reserves Type Curve IRR (B-tax) 2
Slide 27: Appendix V | Hedging Contracts (Quarterly Summary)
Appendix V | Hedging Contracts (Quarterly Summary)1 WTI Swaps2 AECO Swaps3 Propane Swaps Quarter bbl/d US$/bbl mmbtu/d US$/mmbtu Gal/d US$/gal Q3-24 1,537 $75.04 6,500 $2.03 2,079 $0.76 Q4-24 1,539 $74.48 5,397 $2.13 Q1-25 1,200 $72.57 5,000 $2.42 Q1-25 696 $73.39 3,488 $2.04 Average 1,356 $74.05 5,
Slide 28: Disclaimer | General Advisory
Disclaimer | General Advisory This presentation includes information that constitutes “forward-looking information” or “forward-looking statements”. More particularly, this presentation contains statements by ROK Resources Inc. (“ROK” or the “Company”) concerning expectations regarding the successfu
Slide 29: ROK Resources Inc. Contact
ROK Resources Inc. 1911 Broad Street Regina, SK S4P 1Y1 Phone: (306) 522-0011 Email: investor@rokresources.ca Website: www.rokresources.ca TSX.V:ROK | OTCQB:ROKRF