Result of General Meeting

RNS Number : 2850Q

Rose Petroleum PLC

16 June 2015

 



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

Results of General Meeting

Total voting rights

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

Application has been made to the London Stock Exchange for the 1,040,000,007 Placing Shares of 0.1p each to be admitted to trading on AIM and Admission and dealings are expected to occur at 8.00am on or around 19 June 2015. The Company does not hold any ordinary shares in treasury. Therefore the total number of ordinary shares and voting rights in the Company on Admission on the 19 June will be 2,550,185,127 ordinary shares of 0.1p each.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Defined terms in this announcement should be taken to have the same meaning as set out in the announcement on 20 June 2014.

**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 17 producing wells and 35 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

 

END

 

 

ROMSFFSUMFISEIM