RRE Rockrose Energy Plc

TIDMRRE

RNS Number : 8019J

RockRose Energy plc

14 September 2016

14(th) September 2016

RockRose Energy plc

Initial Acquisition and Suspension of Listing

RockRose Energy plc ("RockRose", or the "Company") is pleased to announce that it has agreed non-binding headline terms and a period of exclusivity from Maersk Oil North Sea UK Ltd ("Maersk") to acquire its non-operated interests in the Wytch Farm (7.43%), Scott (5.16%) and Telford (2.36%) fields. Any potential transaction remains subject to contract.

Any transaction would be subject to the agreement of a definitive Sale and Purchase Agreement ("SPA") with Maersk and the usual regulatory permissions from the Oil and Gas Authority ("OGA") and partners.

As any transaction would constitute a reverse takeover, the Company has requested that the UK Listing Authority ("UKLA") suspend the listing of the shares with immediate effect.

A further announcement will be made in due course.

Ends

Enquiries:

 
 RockRose Energy plc            +44 (0)20 3826 4800 
 Broker 
  Macquarie Capital (Europe) 
  Limited                         +44 (0)20 3037 2000 
 Financial PR 
  Camarco                         +44 (0) 20 3757 4980 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLIFFDARISLIR

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September 14, 2016 03:30 ET (07:30 GMT)

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