ROK Resources Files 2025 Financial Results and Management Discussion & Analysis

• ROK Resources Inc. filed its annual financial results for the fiscal year ended December 31, 2025.
• The company reported an adjusted net surplus of $4.5 million and realized net hedge gains of $7.2 million on commodity contracts.
• Annual production averaged 3,591 boepd with 66% liquids content despite limited operational activity during the period.
• Funds from Operations (FFO) totaled $27.4 million for the year.
• Net loss was reported at $10.8 million ($0.05 per share), contrasting with the adjusted surplus due to non-cash items or accounting adjustments.
• Operating expenses were $38.5 million against oil and gas sales of $68.2 million.
• The company executed a Normal Course Issuer Bid (NCIB) repurchasing 2,005,500 shares at an average price of $0.192 per share.
• Management intends to renew the NCIB as the existing bid expires June 9, 2026.

• The financial results confirm the operational viability and capital budget outlined in the April 9, 2026 release ($20.4M capex).
• FFO of $27.4 million provides sufficient cash flow to fund the announced 2026 capital program without immediate external financing, assuming production holds steady.
• The net loss of $10.8 million is a divergence from the adjusted surplus but does not indicate liquidity distress given the strong FFO and debt-free status reported in March 2026.
• The news validates the previous "Material - Positive" assessment regarding reserves and budget, adding no new catalysts or surprises to the market narrative.
• Hedge position remains at ~90% unhedged, exposing earnings to WTI volatility despite $7.2M realized gains.

• Company: ROK Resources Inc., an oil and gas exploration and production company focused on Saskatchewan assets.
• Flagship Project: Core development in Southeast Saskatchewan including Frobisher, Midale, and Viking formations.
• Production Mix: 66% liquids (crude oil) with significant natural gas and NGLs output.
• Reserves: Total Proved + Probable reserves stand at 19,431 Mboe as of December 31, 2025, representing a 30% increase in PDP additions year-over-year.
• Operational Status: Currently producing ~3,591 boepd with plans to expand to ~4,000 boepd by Q4 2026 through the reactivation of Kaybob assets and new well completions.