ROSE.L Share News (ROSE)

Rose Petroleum tanks as it scales back Utah drilling plans

(ShareCast News) - Rose Petroleum shares slumped after the company said it will scale back its drilling plans in Utah due to lower global oil prices. Earlier this year, Rose began the process of permitting six well locations in the Mancos Formation in the Uinta Basi in Utah. However, as a result

Rose Petroleum Scales Back Mancos Drilling, Looking For Acquisitions

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Rose Petroleum tanks on Utah project update

Shares in Rose Petroleum tanked on Tuesday, after the oil explorer said it had chosen the Cisco Dome region for the first of its six new horizontal wells on the Mancos Shale in Utah. The group said it can no longer use the 1-34 vertical well for the horizontal leg of the project as it would be requi

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