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Additional acreage gives Rose Petroleum 'exactly what it needs'

Chris Eadie, finance director at Rose Petroleum PLC (LON:ROSE) discusses with Proactive's Andrew Scott the decision to expand their footprint in Utah’s Paradox basin - acquiring a 75% working interest in an additional 3,320 gross acres.

The package is being acquired via joint venture partner Rockies Standard Oil Company (RSOC) and, including the new acquisition, the partnership now addresses some 79,577 acres in the Paradox Basin.

Quick facts: Rose Petroleum PLC

Price: 1.05 GBX

AIM:ROSE
Market: AIM
Market Cap: £3 m
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Rose Petroleum announces CPR results for Paradox basin in Utah

Matthew Idiens, chief executive officer of Rose Petroleum PLC (LON:ROSE) tells Proactive that the company has presented a new competent person's report (CPR) assessing its Paradox basin in Utah, United States. “We’ve put a lot of effort into the geological assessment and these were...

on 22/6/18

2 min read