NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATESREGINA, SK / ACCESSWIRE / August 17, 2023 / ROK Resources Inc. ('ROK' or the 'Company') (TSXV:ROK) has filed its interim
REGINA, SK / ACCESSWIRE / August 17, 2023 / ROK Resources Inc. has filed its interim Financial Results and Management Discussion & Analysis for the three and six months ended June 30, 2023 and provides an update on the second lithium well drilled.
Operating costs, which include expenses incurred to operate wells, gather, treat, and transport production volumes as well as costs to perform well and facility repairs and maintenance, increased in Q2 2023 when compared to previous periods. This can be attributed to increased gas gathering costs associated with acquired production assets, in addition to a cost per barrel increase due to the temporary shut-ins of production.
ROK uses"Net Debt" as a measure of the Company's financial position and liquidity, however it is not intended to be viewed as an alternative to other measures calculated in accordance with IFRS. "Funds Flow" includes all cash for operating activities and is calculated before the change in non-cash working capital."Funds flow","funds flow basic " and"funds flow diluted " are capital management measures and are key measures of operating performance as they demonstrate the Company's ability to generate the cash necessary to repay debt and fund capital investments.
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