Extracts from the Last RNS5 Feb 2018 11:39
The Company is now progressing the Application for Permit to Drill (APD) process for the highest priority drill target locations, with a view to drilling the first well on the Paradox acreage in the second half of 2018. The Company is fully funded for these permitting activities.
"Negotiations with potential investors and partners to fund the drilling programme are ongoing, and the Board will prioritise options, including joint venture and farm-in arrangements, to ensure that any dilution to existing shareholders is kept to an absolute minimum, while still realising the full value of the project.
Permits take 3 to 6 months so in theory ROSE could be drilling in the summer.