18 Jan 2018 16:39
18 January 2018
Rose Petroleum plc
("Rose", the "Company" or the "Group")
NAPE Summit Global Business Conference 2018
Rose (AIM: ROSE), the AIM quoted natural resources business, is pleased to announce that it its wholly owned subsidiary, Rose Petroleum (US) LLC ("Rose US"), will be exhibiting at the 2018 NAPE Oil and Gas Business Conference being held in Houston, U.S.A. from 6th - 9th February, 2018.
Rose US will be in booth 2367 at the conference which is being held at George R. Brown Convention Center, 1001 Avenida De Las Americas, Houston, TX 77010-6035.
Following the successful completion of its 3D seismic shoot over its acreage in the Paradox Basin, Utah, the Company will be exhibiting the Paradox project at NAPE to potential investors and partners.
The Company will be updating the market shortly with the results from the interpretation of data from the recent seismic shoot.
Enquiries:
Matthew Idiens (CEO) Chris Eadie (CFO)
| Rose Petroleum plc | Tel: +44 (0) 20 7225 4595 Tel: +44 (0) 20 7225 4599 |
Jeremy Porter / James Reeve / Liz Kirchner
| Allenby Capital Limited
| Tel: +44 (0) 20 3328 5656
|
Andy Thacker
| Turner Pope Investments | Tel: +44 (0)20 3621 4120 |
Media enquiries:
Peter Curtain
| Allerton Communications | Tel: +44 (0) 20 3633 1730 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 90,000 net acres in the prolific 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 is in the process of identifying drilling locations, with the intention of commencing a drilling programme in H2 2018 once necessary permits 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 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.