Rok Resources, Inc. Class B · TSXV:ROK
Rok Resources, Inc. Class B — Investor Presentation (April 2024)
29 slides from Rok Resources, Inc. Class B's investor presentation, April 2024
Slide 1: Investor Presentation April 2024
INVESTOR PRESENTATION April 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 1H 2024E Highlights 4,000 $15.5 $12.0 $17.5 1 2 (62% liq.) Average Production NOI Funds Flow Exit Net Debt (boe/d) ($ million) ($ million) ($ million) Recent Announcements Production Profile (1H 2024 Estimate) Kaybob 4,000 boe/d Term Debt Record Daily Preliminary 1,300 boe
Slide 5: 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 6: Corporate Milestones
Corporate Milestones December 2023 Estimated Daily Avg. Daily Avg. 3,054 2,950 4,650 4,000 boe/d boe/d boe/d boe/d Q1 2022 Q2 2022 Q1 2023 Q2 2023 Q4 2023 2H 2023 1H 2024 Closed Results beat Closed SE Strategic Drilled the best Organically Recent addition of 5-6 transformational estimates Sask Acqui
Slide 7: Company Profile | Corporate Guidance
Company Profile | Corporate Guidance 2023 ACTUALS 1H 2024 FORECAST Q4/2023 Full Year 2023 Q1 20241 Q2 20241 1H 20241 Average Production 4,210 boe/d 3,876 boe/d 4,100 boe/d 3,900 boe/d 4,000 boe/d Net Operating Income2 $9.9mm $37.3mm $8.1mm $7.4mm $15.5mm General & Admin Expenses $1.9mm $5.6mm $1.4mm
Slide 8: Company Profile | Capitalization
Company Profile | Capitalization Capitalization Summary 50-day Moving Average (April 15, 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) 19.9mm Fully Diluted Shares 351.4mm Market Capitaliz
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 2023E EV/DACF (x) Share Price since Inception of new Management Team (TSX.V:ROK)3 6.0x $0.60 ~$0.30/share 5.0x $0.50 4.0x $0.40 3.0x 2.5x $0.30 2.0x $0.20 ~$0.10/share 1.0x $0.10 0.0x - Peer 10 Peer 11 Peer 12 Peer 13 Peer
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$571mm • The PEA outlines the estimated production of battery-quality lithiu
Slide 18: Lithium PEA | Peer Comparison
Lithium Exploration | Preliminary Economic Assessment – Peer Comparison Our PEA results are best-in-class and rank Hub City Lithium’s resource as a leader amongst its peers Grade (mg/l Li) OPEX (US$/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 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 [email protected] [email protected] [email protected] 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 Q2-24 1,674 $75.67 6,973 $2.09 3,176 $0.78 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 Q1-25 378
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: [email protected] Website: www.rokresources.ca TSX.V:ROK | OTCQB:ROKRF