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Rose Petroleum expands footprint in Paradox Basin with further 'high quality acreage'

Matt Idiens, chief executive of Rose Petroleum PLC (LON:ROSE), tells Proactive London's Andrew Scott they've expanded their footprint In the Paradox basin, in Utah, with a deal to acquire around 1,920 acres.

The new acreage was secured through the December 2018 Bureau of Land Management Utah lease sale.

Rose will own 75% alongside partner Rockies Standard Oil Company (RSOC).

Quick facts: Rose Petroleum PLC

Price: 1.1 GBX

AIM:ROSE
Market: AIM
Market Cap: £3.16 m
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