Rock Energy Inc

(RENFF)

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Profile

Rock Energy Inc is a publicly traded company incorporated under the laws of Alberta on February 15, 1988. The Company is engaged in the exploration, development and production of crude oil and natural gas in Western Canada. The Company is currently producing more than 3,000 boe per day (85 percent oil). Rock has discovered an exciting new heavy oil pool at Mantario in Southwest Saskatchewan that is amenable to secondary and tertiary enhancement such as water and polymer flood. It has established a 2013 capital budget of $30 million, which envisions drilling 27 wells while continuing to build the Company's drilling inventory. The budget has allocated $14 million to Mantario for delineation drilling and engineering the first stage of the enhanced recovery scheme. At Lloydminster, the Company has set aside $3 million for drilling 4-6 development wells and activities aimed at reducing operating costs. These initiatives include installing water handling and disposal facilities and optimizing production through careful recompletions and implementation of high-volume lift where appropriate.

Contact Information

Website: www.rockenergy.ca
Email: info@rockenergy.ca
Main Phone: +1 403 218-4380
Address: 530 - 8th Avenue South West
Address 2: Suite 2000
State: AB
City / Town: Calgary
Country: CAN
Postal Code: T2P 3S8

Issuer Information

Exchange: OTO
CEO: Allen Bey
Employees: 21
NAICS: Crude Petroleum Extraction(211120)


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Profile

Rock Energy Inc is a publicly traded company incorporated under the laws of Alberta on February 15, 1988. The Company is engaged in the exploration, development and production of crude oil and natural gas in Western Canada. The Company is currently producing more than 3,000 boe per day (85 percent oil). Rock has discovered an exciting new heavy oil pool at Mantario in Southwest Saskatchewan that is amenable to secondary and tertiary enhancement such as water and polymer flood. It has established a 2013 capital budget of $30 million, which envisions drilling 27 wells while continuing to build the Company's drilling inventory. The budget has allocated $14 million to Mantario for delineation drilling and engineering the first stage of the enhanced recovery scheme. At Lloydminster, the Company has set aside $3 million for drilling 4-6 development wells and activities aimed at reducing operating costs. These initiatives include installing water handling and disposal facilities and optimizing production through careful recompletions and implementation of high-volume lift where appropriate.

Contact Information

Website: www.rockenergy.ca
Email: info@rockenergy.ca
Main Phone: +1 403 218-4380
Address: 530 - 8th Avenue South West
Address 2: Suite 2000
State: AB
City / Town: Calgary
Country: CAN
Postal Code: T2P 3S8

Issuer Information

Exchange: OTO
CEO: Allen Bey
Employees: 21
NAICS: Crude Petroleum Extraction(211120)