USA
Mantario Battery
so by making smart , calculated decisions . Rock wishes to be a lucrative , yet predictable investment that will attract investors .
A Growth-Oriented Approach Taking a growth oriented approach starts with Rock ’ s biggest focus : the highest possible recovery factor .
“ With the high recovery factor , you get longest possible reserve life , lowest possible decline , which ultimately yields that predictable base of production , cash flow , and sustainability ,” CEO Bey said . “ Everything we ’ re trying to do is to get the most possible oil out of the ground that we can .”
This has afforded Rock the ability to play it safe when it comes to tackling projects and managing finances .
“ Our quarter end debt is $ 16.8 million , which is very low compared against our bank line of $ 70 million and our quarterly cash flow of $ 19 million ,” Bey said . “ What that shows is that we have a lot of excess debt capacity that we can be flexible with once we find the right project . We can deploy capital towards it , don ’ t need to raise any new equity , and can weather price storms .”
Rock ’ s two major projects are in
www . rockenergy . ca 81