NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
REGINA, SK / ACCESS Newswire / June 23, 2026 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK)(OTCQB:ROKRF) is pleased to announce that it has entered into an asset purchase and sale agreement dated June 22, 2026 (the “Agreement“) with an arms length third party (the “Purchaser“) for the disposition of certain non-core assets located in Southeast Saskatchewan (the “Assets“).
Pursuant to the Agreement, ROK will receive cash consideration of $8 million, subject to customary closing adjustments (the “Transaction“).
In the next twelve months, as of June 2026, the Assets are expected to produce 280 boepd (97% liquids), representing approximately 8% of ROK’s previously forecasted 2026 average production.
“The Transaction represents another step in ROK’s ongoing strategy of optimizing its portfolio and allocating capital toward opportunities expected to generate meaningful returns for shareholders,” said Bryden Wright, President and Chief Executive Officer.
Transaction Highlights
Notes to Reader:
Transaction Details
The Transaction has an effective date of June 1, 2026 and is expected to close on or before July 31, 2026, subject to customary closing conditions and receipt of all required regulatory approvals. The Transaction is not subject to any financing condition.
Advisors
Peters & Co. Limited acted as exclusive financial advisor to ROK in connection with the Transaction. McDougall Gauley LLP acted as legal counsel to the Company.
About ROK Resources Inc.
ROK is a Canadian energy company engaged in the exploration, development and production of petroleum and natural gas assets in Saskatchewan and Alberta. The Company is headquartered in Regina, Saskatchewan, with an additional office in Calgary, Alberta. ROK’s common shares trade on the TSX Venture Exchange under the symbol “ROK”.
For further information, please contact:
Bryden Wright, President and Chief Executive Officer
Jared Lukomski, Senior Vice President, Land & Business Development
Phone: (306) 522-0011
Email: investor@rokresources.ca
Website: www.rokresources.ca
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company’s objectives, goals, or future plans as a result of the Transaction. Forward-looking statements are necessarily based on several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include but are not limited to general business, economic and social uncertainties; the accuracy of well testing results; litigation, legislative, environmental, and other judicial, regulatory, political and competitive developments; delay or failure to receive board, shareholder or regulatory approvals; those additional risks set out in ROK’s public documents filed on SEDAR at www.sedar.com
Abbreviations
| boepd | barrels oil equivalent per day | |
| NPV
PDP |
Net Present Value
Proved Developed Producing |
|
| WTI | West Texas Intermediate, the reference price paid in U.S. dollars at Cushing, Oklahoma for the crude oil standard grade |
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility of the adequacy or accuracy of this release.
SOURCE: ROK Resources Inc.
View the original press release on ACCESS Newswire