Result of AGM

RNS Number : 6559R

Rose Petroleum PLC

30 June 2015

 

Rose Petroleum plc ("Rose" or the "Company")

Results of Annual General Meeting

Rose Petroleum plc, the AIM-listed (AIM: ROSE) natural resources company, is pleased to announce that at its Annual General Meeting held earlier today all the resolutions put to shareholders were passed.

**ENDS**

For further information, please contact:

Matthew Idiens (CEO)	Rose Petroleum plc	Tel: [phone]
Jeremy Porter	Allenby Capital	Tel: [phone]
Alex Price	Allenby Capital	Tel: [phone]
Elisabeth Cowell	St Brides Partners Ltd	Tel: [phone]
Lottie Brocklehurst	St Brides Partners Ltd	Tel: [phone]

About Rose Petroleum

Rose Petroleum plc (AIM Ticker: ROSE) is a London-listed, cash generative, multi-commodity resource company focused on developing its US onshore oil & gas portfolio, which are its core operational focus.  Importantly, the Company benefits from significant added upside from its existing gold and silver mining and milling operation in Mexico. 

The Company has a 75% working interest in certain oil, gas and hydrocarbon leases covering 263,000 gross acres in Grand and Emery Counties, Utah, USA, within the Paradox and Uinta basins.  In the Uinta basin, where the Mancos formation is the Company's main target, Rose also owns a gas compression station and gas processing plant as well as 20 producing wells and 32 shut-in wells.  Rose benefits from extensive local infrastructure at both project areas.

In May 2014, Rose published the results of its reserve report prepared by Ryder Scott Company on the Mancos and Paradox Oil & Gas Projects. Un-risked Prospective (Recoverable) Hydrocarbon Resources on a Mean Case basis for the collective total Mancos Shale and Paradox Formation combined was 1,825.07 MMBO (million barrels of oil) and 6,447.87 BCFG (billion cubic feet of gas).

The Company has a strong team with an established track record both technically and operationally. 

Rose intends to build on these projects to establish a balanced international asset portfolio. For further information please consult the Company's website: www.rosepetroleum.com

 

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