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Rose Petroleum assessing 'value-accretive production and development acquisitions'

Rose Petroleum PLC (LON:ROSE) chief executive Colin Harrington speaks to Proactive London's Andrew Scott soon after taking over as CEO and on the back of the firm's interim results to June 2019.

Harrington says their new strategy is to grow the asset portfolio via value-accretive production and development acquisitions, the first of which is presently being reviewed under an exclusivity agreement.

Quick facts: Rose Petroleum PLC

Price: 1.025 GBX

AIM:ROSE
Market: AIM
Market Cap: £2.94 m
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Full interview: Rose Petroleum sets sights on DJ Basin as it takes stake in...

Rose Petroleum PLC's (LON:ROSE) Colin Harrington tells Proactive London's Andrew Scott they've signed a Letter of Intent to acquire a 9% interest in shale assets in the prolific DJ Basin in Colorado. There is also an option to increase the working interest to around 80%. A 12-well...

on 4/11/19

2 min read