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Rose Petroleum PLC

Rose Petroleum now fully permitted for its first well in the Paradox Basin

Rose Petroleum PLC's (LON:ROSE) CEO Matt Idiens tells Proactive London's Andrew Scott they're to drill the GV 22-1 well at their Paradox acreage in Utah “as soon as possible” after being given the green light from US authorities.

The application for a permit to drill was approved by the US Bureau of Land Management and is valid for an initial two-year period.

In order for GV 22-1 to be the next obligation well, Rose has had to extend the boundary of the Gunnison Valley Unit, changes which are expected to take about 45 days to complete.

Quick facts: Rose Petroleum PLC

Price: £0.02

Market: AIM
Market Cap: £2.61 m
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Significant board changes at Rose Petroleum

Rose Petroleum PLC (LON:ROSE) outgoing CEO Matthew Idiens and new boy on the block Colin Harrington talk to Proactive London about changes to the company's board. Idiens told investors of his intention to step down from his position last week saying he would stay until the company had...

on 28/6/19

2 min read