SOURCE ROCK ROYALTIES ANNOUNCES RECORD ANNUAL ROYALTY PRODUCTION & REVENUE

SOURCE ROCK ROYALTIES ANNOUNCES RECORD ANNUAL ROYALTY PRODUCTION & REVENUE

 
 

   /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./   

 
 

  Source Rock Logo (CNW Group/Source Rock Royalties Ltd.) 

 
 

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces unaudited (1) operational and financial highlights for fiscal 2024 and the fourth quarter of 2024 ("Q4 2024"). Annual royalty production and revenue were the highest results in Source Rock's 12-year history.

 

Unaudited (1) annual results for fiscal 2024 were:

 
  •   Royalty Production - 251 boe/d (95% oil & NGLs), an increase of 21% compared to 2023.

  •  
  •   Royalty Revenue - $7.68 million , an increase of 16% compared to 2023.
  •  

Unaudited (1) results for Q4 2024 were:

 
  •   Royalty Production - 256 boe/d (97% oil & NGLs), an increase of 17% compared to Q4 2023.

  •  
  •   Royalty Revenue - $1.87 million , an increase of 9% compared to Q4 2023.
  •  

Audited Annual and Q4 2024 Financial Statements and Management Discussion and Analysis, as well as oil and gas reserves information as of December   31, 2024, will be filed on SEDAR+ ( www.sedarplus.ca ) and announced by news release on or before April   30, 2025.

 

  President's Message  

 

2024 was a record year for Source Rock as a result of acquisitions completed in 2023 and record drilling activity. In 2024, 43 new horizontal wells began producing on our royalty lands: 20 Frobisher wells in S.E. Saskatchewan , 18 Clearwater wells in central Alberta , 3 Viking wells in west-central Saskatchewan , 1 Dina well in east-central Alberta and 1 Amaranth well in Manitoba .

 

Source Rock's working capital as of February 28, 2025 was approximately $5    million ( $0.11 per share), a 120% increase from February 2024 . We are actively pursuing additional accretive royalty acquisitions with the goal of expanding and diversifying our base royalty production, as well as increasing exposure to undeveloped royalty lands and ongoing drilling activity. We continue to be focused on acquiring high netback oil royalties.

 

  Brad Docherty , President & CEO

 

  About Source Rock Royalties Ltd.  

 

Source Rock is a pure-play oil and gas royalty company with an existing portfolio of oil royalty interests concentrated in southeast Saskatchewan , central Alberta and west-central Saskatchewan . Source Rock targets a balanced growth and yield business model, using funds from operations to pursue accretive royalty acquisitions and to pay dividends. By leveraging its niche industry relationships, Source Rock identifies and acquires both existing royalty interests and newly created royalties through collaboration with industry partners. Source Rock's strategy is premised on maintaining a low-cost corporate structure and achieving a sustainable and scalable business, measured by growing funds from operations per share and maintaining a strong netback on its royalty production.

 

   www.sourcerockroyalties.com   

 
 
  
 

  (1)  

 
 

    Unaudited Information:    All financial information contained in this news release for the year ended and fourth quarter of December   31, 2024, such as royalty revenue, is based on estimated unaudited financial information which has been disclosed in accordance with generally accepted accounting principles in Canada and has not been reviewed by Source Rock's auditor. These estimated results are subject to change upon completion of the audited financial statements for the year ended December 31, 2024, and changes could be material. Source Rock anticipates filing its audited financial statements and related management's discussion and analysis for the year ended December   31, 2024 on SEDAR+ on or before April   30, 2025.   

 
 
 

  Forward-Looking Statements  

 

  This news release includes forward-looking statements and forward-looking information within the meaning of Canadian securities laws. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative and grammatical variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include statements regarding Source Rock's dividend strategy and the amount and timing of future dividends (and the sustainability thereof), the potential for future drilling on Source Rock's royalty lands, expectations regarding commodity prices, Source Rock's growth strategy and expectations with respect to future royalty acquisition and partnership opportunities, the ability to complete such acquisitions and establish such partnerships, and the estimated costs for Source Rock to run its business. Such statements and information are based on the current expectations of Source Rock's management and are based on assumptions and subject to risks and uncertainties. Although Source Rock's management believes that the assumptions underlying these statements and information are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this news release may not occur by certain dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting Source Rock. Although Source Rock has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements and information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement or information can be guaranteed. Except as required by applicable securities laws, forward-looking statements and information speak only as of the date on which they are made and Source Rock undertakes no obligation to publicly update or revise any forward-looking statement or information, whether as a result of new information, future events or otherwise.  

 

   Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.   

 
 
 

SOURCE Source Rock Royalties Ltd. 

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2025/10/c0058.html  

 
 

 

News Provided by Canada Newswire via QuoteMedia

SRR:CC
The Conversation (0)
SOURCE ROCK ROYALTIES ANNOUNCES FIRST QUARTER 2025 RESULTS

SOURCE ROCK ROYALTIES ANNOUNCES FIRST QUARTER 2025 RESULTS

 
 

   /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./   

 

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil focused royalties, announces results for the three-month period ended March 31, 2025 .

 

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
SOURCE ROCK ROYALTIES ANNOUNCES FOURTH QUARTER & YEAR-END 2024 RESULTS INCLUDING RECORD ANNUAL FUNDS FROM OPERATIONS

SOURCE ROCK ROYALTIES ANNOUNCES FOURTH QUARTER & YEAR-END 2024 RESULTS INCLUDING RECORD ANNUAL FUNDS FROM OPERATIONS

 
 

   /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./   

 

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil focused royalties, announces results for the three-month period and year ended December 31, 2024.

 

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Canadian Investment Regulatory Organization Trade Resumption - SRR

Canadian Investment Regulatory Organization Trade Resumption - SRR

 
 

Trading resumes in:

 

Company: Source Rock Royalties Ltd. 

 

 

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Source Rock Royalties Confirms Monthly Dividend Record Date and Payment Date

Source Rock Royalties Confirms Monthly Dividend Record Date and Payment Date

Source Rock Royalties Ltd. (TSXV: SRR) ("Source Rock") is issuing this news release to confirm the record date and payment date for the January 2025 monthly dividend.

As previously announced on January 15, 2025, the board of directors of Source Rock has declared a monthly dividend of $0.0065 per common share, payable in cash on February 14, 2025 to shareholders of record on January 31, 2025. This information was disseminated by financial news providers and was therefore available to TSX Venture Exchange participating organizations, the financial community and other market participants.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
SOURCE ROCK ROYALTIES DECLARES MONTHLY DIVIDEND AND COMPLETES 11TH CONSECUTIVE YEAR OF PAYING DIVIDENDS TO SHAREHOLDERS

SOURCE ROCK ROYALTIES DECLARES MONTHLY DIVIDEND AND COMPLETES 11TH CONSECUTIVE YEAR OF PAYING DIVIDENDS TO SHAREHOLDERS

 
 

   /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./   

 

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on January 15, 2025 to shareholders of record on December 31, 2024 .

 

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Homerun Resources Inc. Files for Approval of $3 Million Financing; Updates $6 Million Institutional Financing

Homerun Resources Inc. Files for Approval of $3 Million Financing; Updates $6 Million Institutional Financing

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the Company has filed documents with the TSX Venture Exchange (the "Exchange") seeking conditional approval for its $3 million, $1.00 unit ("Unit") private placement financing (the "Financing").

Further, and on receipt of Exchange approval, the Company will close a first tranche for gross proceeds of $1,568,000 and will issue 1,568,000 Units, each Unit consisting of one common share of the Company and one common share purchase warrant (the "Warrants"), the warrants being exercisable for an additional common share of the Company at an exercise price of CA$1.30 for 24 months. The Warrants will be subject to the right of the Company to accelerate the exercise period of the warrants if shares of the company close at or above CA$2 for a period of 10 consecutive trading days.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Skyharbour Partner Company Terra Clean Energy Announces Immediate Follow-Up Summer Drill Program on the Back of Drill Results from Winter Program at South Falcon East Uranium Project

Skyharbour Partner Company Terra Clean Energy Announces Immediate Follow-Up Summer Drill Program on the Back of Drill Results from Winter Program at South Falcon East Uranium Project

 

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ( " Skyharbour " or the " Company ") is pleased to report that its partner company Terra Clean Energy Corp. ("Terra", previously Tisdale Clean Energy) announces results from its Winter 2025 drill program and provides an update on the upcoming summer drill program at the South Falcon East Uranium Project (the "Property"), which hosts the Fraser Lakes B Uranium Deposit. The Property lies 18 km outside the edge of the Athabasca Basin, approximately 50 km east of the Key Lake mill and former mine. Skyharbour optioned the Project to Terra, and under the Option Agreement, assuming the 75% interest is earned, Terra will fund exploration expenditures totaling CAD $10,500,000, as well as pay Skyharbour CAD $11,100,000 in cash, of which $6,500,000 can be settled for shares in the capital of Terra ("Shares") over the earn-in period.

 

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Stallion Uranium Refines Coyote Target with Highly Conductive Anomalies from Ground EM Survey

Stallion Uranium Refines Coyote Target with Highly Conductive Anomalies from Ground EM Survey

 

Stallion Uranium Corp. (the " Company " or " Stallion ") ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) is pleased to announce the results from a Stepwise Moving Loop, Time Domain Electromagnetic (" SWML-TDEM ") survey completed over the high-priority Coyote Target on its Moonlite Project (Figure 1). The Coyote Target, located within the Southwestern Athabasca Basin spans claims held in partnership with Atha Energy Corp. (" Atha Energy ") ( TSX-V: SASK ) as well as claims that are 100% owned by Stallion Uranium.

 

  "These results confirm the presence of strong basement conductors beneath the Athabasca Basin sandstone, with characteristics consistent with major uranium discoveries," said Darren Slugoski, VP Exploration for Stallion Uranium. "Conductor - Coyote_14.25S, in particular, stands out as a high-priority drill target, supported by both strong geophysical response and a coincident gravity low; suggesting possible uranium alteration."  

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Stallion Uranium Completes Shares for Debt

Stallion Uranium Completes Shares for Debt

 

Stallion Uranium Corp. (the " Company " or " Stallion " ) ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) is pleased to announce that, further to its news release dated May 22, 2025, the Company has settled its outstanding debt with Atha Energy Corp. ("Atha") on July 16, 2025 and issued 802,809 common shares of the Company to Atha at a deemed price of $0.135 per share.

 

  About Stallion Uranium Corp.  

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Blue Sky Uranium Extends Non-Brokered Private Placement

Blue Sky Uranium Extends Non-Brokered Private Placement

 
 
 

  Blue Sky Uranium Corp. logo (CNW Group/Blue Sky Uranium Corp.) 

 
 

  /NOT FOR DISTRIBUTION TO THE UNITED   STATES OR THROUGH U.S.   NEWSWIRE   SERVICES/  

 

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Homerun Resources Inc. Announces Update on European Financial Markets Advisory

Homerun Resources Inc. Announces Update on European Financial Markets Advisory

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) ("Homerun" or the "Company") announces that, further to its April 2, 2025 news release, the Company will not be proceeding with the previously contemplated engagement of DGWA GmbH as a European financial markets' adviser. The Company is currently advancing other European financing and advisory relationships.

About Homerun (www.homerunresources.com)
Homerun (TSXV: HMR,OTC:HMRFF) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×