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Rose Petroleum boss hails "excellent" 3D seismic data from Paradox basin

Matthew Idiens, chief executive of Rose Petroleum PLC (LON:ROSE), speaks to Proactive at World Oil & Gas Week 2017 in London.

Idiens tells Andrew Scott that initial results from the recent 3D seismic exploration programme in the Paradox basin, Utah have been "excellent".

Processing of the full seismic data is ongoing, albeit ‘now nearing completion’, though Rose is pleased with the results seen thus far.

"The quality of the data is excellent and that's key when you're trying to be as specific as you can in order to bring your drilling costs down," says Idiens.

 
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February 26 2018

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