Red Rock Energy Inc. is a uranium exploration and development company that is actively exploring and seeking new opportunities in northern Saskatchewan. To date Red Rock’s core properties consist of 100% control of 29,615 hectares and a low cost option of 75% to the uranium rights in another 25,685 hectares offering significant potential in the Uranium City region. Building upon its large land base, Red Rock is continually adding value by executing its business plan, operating efficiently, maintaining an aggressive drill program and consistently obtaining results that are on par with historic grades and widths.Red Rock has a unique understanding of the history, geology and infrastructure of the Uranium City region, giving Red Rock an advantage in developing its projects. With application of modern exploration technologies, Red Rock believes that the Uranium City region - and in particular Red Rock’s properties - hold the promise of significant new discoveries.Red Rock’s development plan consists of a compilation of the historical data sets. These data sets were fractured from many owners operations and time. Red Rock's objective is to create a consistent compilation map of all pertinent historical workings in order to use this information to help guide new exploration.
HIGHLIGHTS
- Light oil play focused on low risk bypassed pay in the Western Canadian Sedimentary Basin (WCSB)
- Phase I: Development includes 826 hectares of land including three wellbores (one oilwell) and production equipment.
- Phase II: Transitions to field size development pospects in the range of 1.5 MMBbls of oil recoverable with potential IP's of 1,600 BOPD
Exploitation development strategy centers around existing well re-completions which confirms reservoir characteristics and lowers offset drilling risk - Low development costs due to existing infrastructure: wells, pipelines, facilities and roads
- Red Rock Energy Inc. has existing tax pools of 6.5 million
- Current program estimates average net back of $41.00/Bbl with an average payout of less than 1 year
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