Shoats Creek Update

RNS Number : 4597F

Red Rock Resources plc

28 July 2016

 

28 July 2016

Red Rock Resources plc

("Red Rock" or the "Company")

Update on Shoats Creek 

Red Rock Resources Plc ("Red Rock" or the "Company"), the natural resource investment and development company, is pleased to announce the following development at the Shoats Creek Field in Beauregard Parish, Louisiana ('Shoats Creek'):

It was today announced that Shoats Creek Development Inc ('SCDI'), the operator at Shoats Creek, and a subsidiary of Northcote Energy Limited ("Northcote") has agreed a contract with a subsidiary of Enerfin Resources Company, Enerfin Field Services LLC ('Enerfin') to sell natural gas from Shoats Creek with a primary term of three years.

The announcement refers to Lutcher Moore #14 as being the first well to be tied in to the natural gas line.  However the gas contract will also support tie in from the Lutcher Moore #20 in which Red Rock has a 20 per cent interest.    At this stage no tie in to Lutcher Moore #20 has been planned, but a further announcement will be made to update the market in due course.

The information contained within this announcement is deemed to constitute inside information under the Market Abuse Regulations (EU) No 596/2014

 **ENDS**

For Further Information Contact:

Andrew Bell 0207 747 9990                                                       Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990                                                        Director Red Rock Resources Plc

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

Jason Robertson 0129 351 7744                                                Broker Dowgate Capital Stockbrokers Ltd

 

END

 

 

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