Rose Petroleum PLC Appointment of Financial Adviser and Joint Broker (7728R)
June 19 2018 - 1:01AM
UK Regulatory
TIDMROSE
RNS Number : 7728R
Rose Petroleum PLC
19 June 2018
19 June 2018
Rose Petroleum plc
("Rose", the "Company" or the "Group")
Appointment of Financial Adviser and Joint Broker
Rose Petroleum plc (AIM: ROSE), the AIM quoted natural resources
business, is pleased to announce the appointment of Cantor
Fitzgerald Europe ("Cantor Fitzgerald") as financial adviser and
joint broker to the Company with immediate effect. Allenby Capital
will remain as the Company's AIM Nominated Adviser and Turner Pope
Investments remains as a joint broker.
Matthew Idiens, Chief Executive Officer of Rose Petroleum,
said:
"We are delighted to announce the appointment of Cantor
Fitzgerald as financial adviser and joint broker at this
transformational time for the Company.
"We believe that the global financial reach and extensive oil
and gas sector experience of Cantor Fitzgerald will be hugely
beneficial to the Company as it looks to make the shift from oil
explorer to oil producer.
"The primary task for Cantor Fitzgerald in its capacity as
financial adviser will be to assist the Company in assessing the
potential funding options for the drilling of the Company's first
wells at our flagship project in the Paradox Basin, Utah, U.S.A. At
the appropriate time, the firm's work will be valuable in assisting
in the assessment of any potential additional projects.
"We are very much looking forward to working closely with the
Cantor Fitzgerald team at this exciting time for the Company."
Enquiries:
Tel: +44 (0)20
Rose Petroleum plc 7225 4595
Matthew Idiens (CEO) Tel: +44 (0)20
Chris Eadie (CFO) 7225 4599
Allenby Capital Limited - AIM Nominated Adviser Tel: +44 (0)20
Jeremy Porter / James Reeve / Liz Kirchner 3328 5656
Cantor Fitzgerald Europe -Financial Adviser Tel: +44 (0)131
and Joint Broker 257 4634 Tel: +44
Nicholas Tulloch (0)20 7894 7686
David Porter
Turner Pope Investments - Joint Broker
Andy Thacker 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
APPGMGMVVRLGRZM
(END) Dow Jones Newswires
June 19, 2018 02:01 ET (06:01 GMT)
Zephyr Energy (LSE:ZPHR)
Historical Stock Chart
From Apr 2024 to May 2024
Zephyr Energy (LSE:ZPHR)
Historical Stock Chart
From May 2023 to May 2024