TIDMROSE

RNS Number : 0350N

Rose Petroleum PLC

03 May 2018

3 May 2018

Rose Petroleum plc

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

Notice of general meeting and posting of circular

Rose Petroleum plc (AIM: ROSE), the AIM quoted natural resources business, announces that further to its announcement of 2 May 2018, the Company is today publishing a Circular to convene a General Meeting of shareholders to propose resolutions to enable completion of the proposed placing.

The general meeting will be held at 11.00 a.m. on 21 May 2018 at the offices of Allenby Capital Limited, 5 St. Helen's Place, London EC3A 6AB. The circular containing the notice of general meeting will be sent to shareholders today and will shortly be available on the Company's website, www.rosepetroleum.com .

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 
 Andy Thacker            Turner Pope       Tel: +44 (0)20 
                          Investments       3621 4120

Media enquiries:

 
                 Allerton Communications   Tel: +44 (0) 20 3633 
                                            1730 
 Peter Curtain                              peter.curtain@allertoncomms.co.uk 
--------------  ------------------------  -----------------------------------

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 03, 2018 06:30 ET (10:30 GMT)

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