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Update on Acquisition

22 Dec 2016 07:00

RNS Number : 5233S
RockRose Energy plc
22 December 2016
 

22 December 2016

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014.

 

RockRose Energy plc

 

Update on Acquisition

 

 

RockRose Energy plc ("RockRose" or the "Company") is pleased to announce that it has now signed an agreement with Maersk Oil North Sea UK Ltd ("Maersk") to acquire its non-operated interests in the Wytch Farm (7.43%), Scott (5.16%) and Telford (2.36%) fields.

 

The agreement is conditional upon the usual regulatory permissions from the Oil and Gas Authority ("OGA") and certain third party consents.

 

The Company shares will remain suspended as the transaction constitutes a reverse takeover.

 

Further announcements will be made in due course. At the current time the Company expects to seek re-admission when all material conditions to the acquisition have been satisfied.

 

Ends

 

 

Enquiries:

 

RockRose Energy plc +44 (0)20 3826 4800

 

BrokerMacquarie Capital (Europe) Limited +44 (0)20 3037 2000

 

Financial PRCamarco +44 (0)20 3757 4980

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQTBBATMBITBLF
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