Rose Petroleum PLC Update on Paradox Basin permitting process (7659Y)
March 07 2017 - 7:38AM
UK Regulatory
TIDMROSE
RNS Number : 7659Y
Rose Petroleum PLC
07 March 2017
Dissemination of a regulatory announcement that contains inside
information according to regulation (EU) no. 596/2014 ("MAR").
7 March 2017
Rose Petroleum plc
("Rose", the "Company" or the "Group")
Update on Paradox Basin permitting process
Rose (AIM: ROSE), the AIM quoted natural resources business, is
pleased to announce an update on the permitting process for its
proposed 3D seismic survey in the Paradox Basin, Utah.
The Company has been informed that the Bureau of Land Management
("BLM") has accepted its Environmental Assessment Study ("EA") that
supports its permit application and the 15 day public consultation
period for the permit has now formally begun.
Following completion of the public consultation period, there
will be a period of response to any questions raised by the public,
following which the application will be put forward for final
approval. If this process is successful, the Company now expects to
receive the permit by the end of May 2017.
Matthew Idiens, CEO, commented: "The acceptance of the EA by the
BLM and the commencement of the public consultation period is a
major milestone in the permitting process and we understand this
means the BLM believes all relevant issues have now been addressed
to allow the permitting process to advance to final approval.
We look forward to receiving the final permit and commencing the
physical shoot in H2 2017".
Enquiries:
Rose Petroleum Tel: +44 (0)
plc 20 7225 4595
Matthew Idiens (CEO) Tel: +44 (0)
Chris Eadie (CFO) 20 7225 4599
---------------------- ---------------- ---------------
Jeremy Porter / James Allenby Capital Tel: +44 (0)
Reeve / Liz Kirchner Limited 20 3328 5656
James Pope / Ben Turner Pope Tel: +44 (0)20
Turner Investments 3621 4120
This information is provided by RNS
The company news service from the London Stock Exchange
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