Corporate presentation

RNS Number : 0038N

Rose Petroleum PLC

03 May 2018

 

3 May 2018

Rose Petroleum plc

("Rose", the "Company" or the "Group")

Corporate presentation

Rose Petroleum (AIM: ROSE), the AIM-quoted natural resources business, is pleased to announce that Mathew Idiens, CEO, will be presenting at an investor evening hosted by Turner Pope Investments Ltd ("TPI"). TPI is acting as placing agent in the £1m fundraise announced by Rose on 2 May 2018.

The event will be held on Monday 14 May 2018, in London EC2 and will commence at 5.30pm.

To register your interest, please email [e-mail] or call 020 3621 4121.  

Notes to editors

Rose Petroleum plc (http://rosepetroleum.com) is a North America-focused oil and gas company whose primary asset is approximately 80,000 acres in the oil and gas producing Paradox Basin in Utah, U.S.A., where it is earning into a 75% working interest. Using high-quality data gathered in a 3D seismic survey completed in October 2017, the Company has identified drilling locations in naturally fractured areas of the Paradox clastics formation with the intention of commencing a drilling programme in H2 2018, once necessary permits and funding have been secured.

The Company's established management is supported by an expert technical team with extensive experience of the basin, where current operations nearby have proven successful, with significant initial production rates and low decline rates, offering strong economics even in the present oil price environment.

The Company's strategy is to grow both organically and through acquisition, identifying additional hydrocarbon assets, conventional or unconventional, that would benefit from the Company's fast-acting, entrepreneurial approach.

Rose Petroleum has been quoted on AIM since June 2004.

 

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