Rose Petroleum PLC Holding(s) in Company (3300R)
June 14 2018 - 1:00AM
UK Regulatory
TIDMROSE
RNS Number : 3300R
Rose Petroleum PLC
14 June 2018
14 June 2018
Rose Petroleum plc
("Rose", the "Company" or the "Group")
Holding in Company
Rose Petroleum plc (AIM: ROSE), the AIM quoted natural resources
business, was informed on 13 June 2018 that Flute Investments
Limited now has a total interest in 5,942,419 ordinary shares of
0.1p each in the Company, equivalent to 4.1% of the Company's
issued ordinary share capital.
Enquiries:
Rose Petroleum plc Tel: +44 (0) 20 7225
4595
Matthew Idiens (CEO) Tel: +44 (0) 20 7225
Chris Eadie (CFO) 4599
Jeremy Porter / James Allenby Capital Tel: +44 (0) 20 3328
Reeve / Liz Kirchner Limited 5656
Andy Thacker Turner Pope Investments Tel: +44 (0)20 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
HOLEAKKDFDFPEFF
(END) Dow Jones Newswires
June 14, 2018 02:00 ET (06:00 GMT)
Zephyr Energy (LSE:ZPHR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Zephyr Energy (LSE:ZPHR)
Historical Stock Chart
From Apr 2023 to Apr 2024