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Additional acreage gives Rose Petroleum 'exactly what it needs'

Chris Eadie, finance director at Rose Petroleum PLC (LON:ROSE) discusses with Proactive's Andrew Scott the decision to expand their footprint in Utah’s Paradox basin - acquiring a 75% working interest in an additional 3,320 gross acres.

The package is being acquired via joint venture partner Rockies Standard Oil Company (RSOC) and, including the new acquisition, the partnership now addresses some 79,577 acres in the Paradox Basin.

Quick facts: Rose Petroleum PLC

Price: 0.425 GBX

AIM:ROSE
Market: AIM
Market Cap: £1.22 m
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Sweet-smelling milestones for Rose Petroleum

Rose Petroleum PLC (LON:ROSE) this week released milestone investor updates as it continues to work on the composition of its asset portfolio in the United States. Investor turned CEO Colin Harrington tells Proactive London which changes he has made to get Rose to this sweet spot, including...

on 11/2/20

2 min read