Operations Update

RNS Number : 0188G

Red Rock Resources plc

17 November 2015

 

Red Rock Resources Plc

("Red Rock" or the "Company")

Operations Update

17 November 2015

Shoats Creek - USA

Further to the announcement of 28^th October 2015, Red Rock Resources plc awaits final documentation for the transaction.  Further details will be announced as appropriate.    

Mid Migori Mining - Kenya

Further to the announcements of 7^th May 2015 and 27^th May 2015, Red Rock announces that the scheduled hearing took place in the judicial review proceedings filed by the Company as ex parte applicant to protect its license interests, at which orders of prohibition, certiorari and mandamus were being sought.

At the hearing, the Company sought judgement on the application. The government respondents had not filed either a replying affidavit or any pleadings and sought additional time to comply with the Court's directions. This was granted by the Court, a new timetable was set, and the matter is now scheduled for a hearing on 27^th January, 2016.

Andrew Bell, Chairman, states: "Final details surrounding the option agreement at Shoat's Creek remain in progress with completion considered imminent.  The Company remains in discussions with parties related to the project regarding additional opportunities in the region and looks forward to the start of work on the two wells currently agreed in order to complete the transition of the Company to a revenue-generating oil producer.

In Kenya, the Company continues to feel confident in the strength of its case, and regrets the inordinate delays caused by the continuing failure to challenge its application. 

We will continue to update investors as appropriate."   

For further information, please contact:

Andrew Bell 0207 747 9990 or 0776 647 4849                             Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990                                                           Executive Director Red Rock Resources

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396           NOMAD Beaumont Cornish Limited

Jason Robertson 0129 351 7744                                                   Broker Dowgate Capital Stockbrokers Ltd.

Christian Pickel 0203 128 8817                                                     Media Relations MHP Communications

 

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