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Rose Petroleum raising £3mln to advance Paradox Basin projects

Matthew Idiens, chief executive of Rose Petroleum PLC (LON:ROSE), tells Proactive they're raising £3mln of new capital through a share issue.

The funds will be used to complete a programme of 3D seismic at the Paradox Basin in Utah which will set up the group for future drill programmes.

Quick facts: Zephyr Energy PLC

Price: 0.625 GBX

LSE:ZPHR
Market: LSE
Market Cap: £3.04 m
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Zephyr Energy 'fully financed' for drilling State 16-2 dual-use well in...

Zephyr Energy's (LON:ZPHR) Colin Harrington talks to Proactive London about the recent placing and their near term strategy. The company raised £2.25m at 0.55p to fully finance its maximum funding obligations for drilling the State 16-2 dual-use well on its acreage in the Paradox Basin,...

1 week, 4 days ago

2 min read