ROK Resources (ROK) Update - July 10

[dan_s]

ROK's U.S. ticker symbol has changed from PTRDF to ROKRF.

This Canadian Junior upstream company is now virtually debt free (current asset exceed total debt). Thanks to sale of some non-core assets that paid off the debt and impact of the fires in Canada ROK's production will be down from Q1 to Q2.

Their drilling program is backend loaded so they will report a big increase in production from Q3 to Q4.

ROK closed at $0.30Cdn today. My current valuation is $1.00Cdn. It should be at least a double for us in six to eight months.