REGINA – On Oct. 20 Regina-based ROK Resources Inc. provided an operations update for its Kaybob workover and reactivation program, as well as the participation in two non-operated wells.

The company successfully completed the reactivation of four gross (1.2 net) wells and the workover of one (1) gross (1 net) well in the Kaybob area of Alberta. The operations were completed in July and have resulted in an IP60 of 135 net Boepd (60 per cent liquids) after total net capital expenditures of $970,000. In light of the positive results, the company has identified an additional nine gross (nine net) reactivation and/or workover candidates in the area, which have been scheduled to be onstream for early 2023.

The company also participated in the drilling of two gross (0.6 net) horizontal wells at Kaybob, with the first well (Dunvegan Formation) on production in September and the second well (Gething Formation) expected to be on production in late November. Over the first 18 days of production, the Dunvegan horizontal well has averaged 180 gross boepd (54 net – 71% liquids), which is consistent with the company’s type curve expectations, ROK said.

The Kaybob area currently produces ~1,200 boepd (34 per cent liquids), which accounts for approximately 35 per cent of ROK’s corporate production base of 3,400 boepd (70 per cent liquids).

In addition to the Kabyob area near Grande Prairie, Alberta, ROK has operation in southwest Saskatchewan and southeast Saskatchewan. That includes participation in the Weyburn Unit. The management team of ROK had previously led four companies in succession – Villanova Energy Corp., Villanova Resources Inc., Villanova Oil Corp. and Vilanova 4 Oil Corp.

This past March ROK completed a transformational $72 million acquisition for 3,000 boepd from Federated Co-operatives Ltd. That boosted their production from 210 boepd in southeast Saskatchewan to 3,500 boepd across four areas. That fourth area is at Coleville, Saskatchewan, which is due to ROK’s 25 per cent stake in Hub City Lithium Corp. (HCL). It’s one of a number of start up lithium exploration companies in Saskatchewan in their early stages. ROK serves as operations manager for HCL.

The company’s July corporate presentation noted they had eight to 12 Frobisher horizontal wells planned for southeast Saskatchewan in 2022, with drilling having commenced in June.

 

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