Rok Resources, Inc. Class B · TSXV:ROK
Rok Resources, Inc. Class B — Investor Presentation (September 2024)
29 slides from Rok Resources, Inc. Class B's investor presentation, September 2024
Slide 1: Investor Presentation September 2024
INVESTOR PRESENTATION September 2024 A prospect-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 4,000 (66% liq.) $29.8 $20.0 $16.6 Average Production Funds From Operations1 Capex Exit Net Debt (boe/d) ($ million) ($ million) ($ million) Recent Announcements Production Profile (2024 Exit Estimate) Kaybob 4,200 boe/d Preliminary 1,300 boe/d Term Debt S
Slide 5: Corporate Milestones
Corporate Milestones Exit Production December 2023 3,054 2,950 4,650 4,100 4,000 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 Executed on 4 9 gross (7.95 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 2024E H2 2024E1 2024E1 Average Production 4,210 boe/d 3,876 boe/d 4,100 boe/d 3,900 boe/d 4,000 boe/d Funds from Operations2 $9.9mm $37.3mm $15.0mm $14.8mm $29.8 mm General & Admin Expenses $1.9mm $5.6mm $2.4m
Slide 8: Company Profile | Capitalization
Company Profile | Capitalization Capitalization Summary 50-day Moving Average (September 16, 2024) $0.22 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 Capit
Slide 9: Locations | Asset Overview
Locations | Asset Overview ROK Lan ds Co rporate Gro ss Acres: 358,630 Net Acres:168,470 Saskatchewan Gross Acres: 282,200 Net Acres: 122,424 >75% Crown Acreage Robust portfolio of prime acreage in core regions offers significant upside potential with numerous accretive drilling opportunities 9 TSX.
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 Pint o/Ox bow/ Frobisher & 84 81% 80 Alamed a Midale Frobisher & Gl en Ewen 17 96% 17 Midale Workman/ Frobisher & 19 64% 5 Gainsborough Midale Cardium, Montney, Kaybob 83
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. G as Vol. N G L Vol. Total Vol. Liquids NP V-1 0 % mbb l M mcf mbb l mb oe % $m m PUD+ PDNP 7.6mmboe (36%) PDP 2 ,7 2 2 1 4 ,3 4 5 659 5,772 59% $44 PDP 1P 7 ,2 7 5 2 7, 1 9 6 1 ,5 9 1 1
Slide 14: Value Proposition | Peer Comparison
Value Proposition | Peer Comparison1,2 Select Domestic Oil Weighted Producers 2024E EV/DACF (x) 2024E EV/MBOE/d (x) 6.0x $80.0 5.0x $60.0 4.0x 3.0x 2.7x $40.0 2.0x $16.2 $20.0 1.0x 0.0x - Peer 10 Peer 11 Peer 12 Peer 13 Peer 14 Peer 15 Peer 16 Peer 1 Peer 4 Peer 2 Peer 3 Peer 5 Peer 6 Peer 8 Peer 9
Slide 15: Catalysts | Why Invest in ROK Resources
Catalysts | 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 Substantial Potential Free Proven 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 17% shareholder and manager of operations of EMP Metals Corp. (CSE:EMPS) 1 Land Positions • EMPS has >200k acr
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 17% shareholder and manager of operations of EMP Metals Corp. (CSE:EMPS) Capex1 US$571mm • The PEA outlines the estimated production of battery-quality l
Slide 18: Lithium Exploration | PEA Peer Comparison
Lithium Exploration | Preliminary Economic Assessment – Peer Comparison Our PEA results are best-in-class and rank Hub City Lithium’s resource as a leader amongst its peers Grade (mg/l Li) OPEX (US$/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 Christopher True Managing Director, Research (Energy) Research Analyst Equity Research Analyst kwilson@beaconsecurities.ca gursu@cormark.com ctrue@viiicapital.com Bill Newman, CFA Adam Gill Vice President & Senior Analyst Dire
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 $5.5mm 8,000 Reserves Type Curve IRR (B-tax) 2
Slide 27: Appendix V | Hedging Contracts (Quarterly Summary)
Appendix V | Hedging Contracts (Quarterly Summary)1 WTI Swaps AECO Swaps Quarter bbl/d C$/bbl mmbtu/d C$/mmbtu Q4-24 1,539 $99.31 5,397 $2.84 Q1-25 1,200 $96.76 5,000 $3.22 Q2-25 1,019 $99.23 5,070 $2.66 Q3-25 665 $95.98 2,618 $2.30 Q4-25 297 $95.98 1,487 $3.01 Q1-26 276 $94.62 1,416 $3.37 Q2-26 260
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 details
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
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