Last C$6.56 CAD
Change Today -0.15 / -2.24%
Volume 97.0K
RE On Other Exchanges
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As of 2:19 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

rock energy inc (RE) Snapshot

Open
C$6.75
Previous Close
C$6.71
Day High
C$6.75
Day Low
C$6.53
52 Week High
05/7/14 - C$7.45
52 Week Low
07/31/13 - C$1.46
Market Cap
261.5M
Average Volume 10 Days
441.3K
EPS TTM
C$-0.07
Shares Outstanding
39.9M
EX-Date
--
P/E TM
--
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. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014; Announces Operating Financial Results for the First Quarter Ended March 31, 2014; Revises Capital Expenditure Guidance for the Full Year of 2014; Provides Capital Expenditure Guidance for the Third Quarter of 2014; Provides Earnings and Production Guidance for the Full Year of 2014

Rock Energy Inc. reported unaudited consolidated financial results for the first quarter ended March 31, 2014. For the period, the company reported crude oil and natural gas revenue of $32,442,000 compared to $13,228,000 a year ago. Funds from operations were $15,314,000 or $0.37 per diluted share compared to $3,048,000 or $0.08 per basic and diluted share a year ago. Net loss was $17,301,000 or $0.44 per basic and diluted share compared to $3,608,000 or $0.09 per basic and diluted share a year ago. Capital expenditures were $22,888,000 compared to $12,589,000 a year ago, including $14.3 million for the drilling program, $4.4 million for facilities, $1.6 million for land and seismic and $9.9 million for acquisitions offset by $7.3 million of divestitures. Net debt as of March 31, 2014 was $25,607,000. For the first quarter, the company reported total average daily production of 4,899 boe per day compared to 3,214 boe per day a year ago. Crude oil and natural gas liquids were 4,620 bbls per day compared to 2,770 bbls per day. Natural gas was 1,673 mcf per day compared to 2,661 mcf per day a year ago. The company reported that the third quarter of 2014 will see the company to invest approximately $40 million towards constructing the facilities at Mantario, drilling the infill locations for the development of the Mantario pool, drilling the step out wells to delineate the Viking light oil play at Onward, and testing 4 to 6 new exploration ideas in core areas. The company revised capital expenditure guidance for the full year of 2014. It expands its capital program to $91 million from $85 million. The company is forecasting funds from operations of $64 to $66 million or $1.60 to $1.65 per share. With the forecasted funds from operations and capital spending plan, the net debt at the end of the year is targeted to be $42 to $44 million. For the full year, the company is forecasting to generate average 2014 production of 4,800 to 5,000 boe/d (95% oil). For the remainder of 2014, Rock is assuming that WTI averages $95.00 US/bbl, WTI - WCS differential averages $20.00 US/bbl, AECO gas price averages $4.00 CDN/mcf and the exchange rate averages $0.92 CDN/US.

Rock Energy Inc. Presents at 2014 CAPP Scotiabank Investment Symposium, Apr-04-2014 09:30 AM

Rock Energy Inc. Presents at 2014 CAPP Scotiabank Investment Symposium, Apr-04-2014 09:30 AM. Venue: Sheraton Centre Toronto, 123 Queen Street West, Toronto, Ontario, Canada. Speakers: Allen J. Bey, Chief Executive Officer, President and Director.

Rock Energy Inc. Reports Audited Earnings Results for the Year Ended December 31, 2013; Reports Operating Results for the Full Year of 2013; Provides Earnings and Operating Guidance for the Full Year of 2014

Rock Energy Inc. reported audited earnings results for the year ended December 31, 2013. For the period, the company reported Crude oil and natural gas revenue of $81,717,000 compared to $46,567,000 a year ago. Funds from operations were $30,571,000 or $0.76 per diluted share compared to $13,592,000 or $0.35 a year ago. Net loss was $1,806,000 compared to $12,210,000 a year ago. Basic and diluted net loss per share was $0.05 compared to $0.31 a year ago. Net capital expenditures were $46,726,000. Net debt was $18,135,000. For the period, the company reported Average daily production of Crude oil and natural gas liquids was 3,195 bbls/d compared to 1,836 bbls/d a year ago. Average daily production of natural gas was 2,183 mcf/d compared to 3,246 mcf/d a year ago. During 2013, the operational focus started with the development of a strong production base at Mantario through the drilling of 27 (27.0 net) wells and the delineation of the pool. Average cash flow netback was approximately $24/boe; During 2013, the Company expanded its total proved reserves by 17% to 6.8 million boe from 5.8 million boe at year-end 2012. The company drilled a total of 46 (45.0 net) wells made up of 10 (10.0 net) Viking light oil wells, 31 (30.0 net) heavy oil wells, 1 (1.0 net) service well and 4 (4.0 net)dry and abandoned wells, for an overall net casing success rate of 91%. The company provided earnings guidance for the full year of 2014. For the period, the company’s 2014 capital budget of $85 million is expected to provide 29% growth in average daily oil production from 2013 (including the effect of the asset rationalization activity). During the year the Company plans to drill up to 61 wells with 25 horizontal wells to be drilled into the Onward Viking play,10 vertical wells at Mantario to extend the pool boundaries, 9 horizontal infill wells in Mantario to develop the pool and replace vertical wells being converted to injectors, 8 Mannville development wells and 9 exploration wells. The company is forecasting this activity to generate average production of 4,500 - 4,700 boped (95% oil). the Company is forecasting cash flow of $59 - $61 million ($1.50 - $1.55/share). With this cash flow and capital spending plan, the debt at the end of the year is forecasted to be $43 - $45 million (0.7 times forecasted fourth quarter cash flow annualized) against its combined credit facility of $70 million.

 

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