ROK Resources Announces Hedging Program

Source: www.gulfoilandgas.com 2/17/2022, Location: North America

ROK Resources Inc. has entered into an oil and gas swap structure hedge of approximately 925,326 bbls and 2,453,362 Mmbtu for the period of April 2022 through March 2024. This volume represents approximately 75% of the Company's current production base. The weighted average swap prices over the 24 month period is US$93.61/bbl WTI and US$4.09/Mmbtu Natural Gas1, respectively. The hedge is required as part of the Senior Loan Facility as defined in the press release dated March 7, 2022.


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