Last C$3.29 CAD
Change Today -0.08 / -2.37%
Volume 192.4K
RE On Other Exchanges
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As of 1:00 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

rock energy inc (RE) Snapshot

Open
C$3.29
Previous Close
C$3.37
Day High
C$3.39
Day Low
C$3.26
52 Week High
08/26/14 - C$7.96
52 Week Low
12/12/14 - C$2.44
Market Cap
132.8M
Average Volume 10 Days
593.2K
EPS TTM
C$0.08
Shares Outstanding
40.4M
EX-Date
--
P/E TM
43.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for ROCK ENERGY INC (RE)

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rock energy inc (RE) Details

Rock Energy Inc. is engaged in the exploration for, and development and production of crude oil and natural gas in Western Canada. The company owns an area of approximately 29,466 net acres of land in the Plains area heavy oil fairway of East Central Alberta and West Central Saskatchewan; and 25,381 net acres of land in the Greater Onward area of south west Saskatchewan. As of December 31, 2013, its gross interest reserves were 6.8 million barrel of oil equivalent (BOE) of proved reserves and 10.9 million BOE of proved plus probable reserves. The company was incorporated in 1988 and is headquartered in Calgary, Canada.

29 Employees
Last Reported Date: 03/21/14
Founded in 1988

rock energy inc (RE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$247.5K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$193.8K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: C$225.0K
Vice President of Exploration
Total Annual Compensation: C$199.8K
Compensation as of Fiscal Year 2013.

rock energy inc (RE) Key Developments

Rock Energy Inc. Presents at Southwest IDEAS Investor Conference 2014, Nov-20-2014 01:10 PM

Rock Energy Inc. Presents at Southwest IDEAS Investor Conference 2014, Nov-20-2014 01:10 PM. Venue: Marriott Quorom, 14901 Dallas Parkway, Addison, TX 75254, United States.

Rock Energy Inc. Announces Unaudited Consolidated Financial and Production Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

Rock Energy Inc. announced unaudited consolidated financial and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported crude oil and natural gas revenue was $32.995 million compared with $28.874 million for the same period last year. Funds from operations was $16.677 million or $0.40 diluted per share compared with $11.499 million or $0.29 diluted per share for the same period last year. Net income was $3.829 million or $0.09 diluted per share compared with $5.041 million or $0.13 diluted per share for the same period last year. Capital expenditures, net was $39.532 million compared with $12.530 million for the same period last year. Net debt was $39.4 million. For the nine months, the company reported crude oil and natural gas revenue was $102.858 million compared with $60.317 million for the same period last year. Funds from operations was $51.268 million or $1.23 diluted per share compared with $21.204 million or $0.54 diluted per share for the same period last year. Net loss was $5.178 million or $0.13 diluted per share compared with net income of $1.533 million or $0.04 diluted per share for the same period last year. Capital expenditures, net was $74.425 million compared with $29.547 million for the same period last year. For the quarter, the company reported crude oil and natural gas liquids of 4,531 bbls/d compared with 3,585 bbls/d for the same period last year. Natural gas was 1,293 mcf/d compared with 1,805 mcf/d for the same period last year. Barrels of oil equivalent was 4,747 mcf/d compared with 3,886 mcf/d for the same period last year. For the nine months, the company reported crude oil and natural gas liquids of 4,628 bbls/d compared with 3,023 bbls/d for the same period last year. Natural gas was 1,503 mcf/d compared with 2,279 mcf/d for the same period last year. Barrels of oil equivalent was 4,879 mcf/d compared with 3,403 mcf/d for the same period last year. For the remainder of 2014, the company is assuming that WTI averages $80.00 US/bbl (with December at $75.00 US/bbl), WTI - WCS differential averages $15.00 US/bbl, AECO gas price averages $4.00 CDN/mcf and the exchange rate averages $1.13 CDN/US. Given these assumptions, the company is forecasting funds from operations of $66 - $68 million ($1.63 - $1.69/share). With the forecasted funds from operations and capital spending plan, the net debt at the end of the year is now targeted to be $63 - $65 million against its credit facility of $80 million. The board of directors have approved expansion of the 2014 capital program by $5 million to $115 million for the year. The fourth quarter of 2014 the company will invest approximately $40 million towards constructing infrastructure at Mantario, drilling the infill locations for the development of the Mantario pool, drilling the development wells in the Viking light oil play at Onward, and testing another 1 - 2 new exploration ideas at Onward and Mantario.

Rock Energy Inc. Announces Appointment of Frank Walsh as Board Director

Rock Energy Inc. announced that effective October 2, 2014, Mr. Frank Walsh has been appointed to the Board of Directors of Rock Energy. Mr. Walsh has been working in the oil and gas industry since 1978, and is currently serving as the Chief Operating Officer at Questerre Energy Corporation. The Board of Directors at Rock looks forward to Frank's contribution as he brings a wealth of engineering, operations and leadership experience.

 

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