leadf
logo-loader
viewZephyr Energy PLC

Full interview: Rose Petroleum sets sights on DJ Basin as it takes stake in shale assets

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 horizontal drilling programme has been proposed for the project with Rose’s share of the costs to be funded partly by a £1.25mln fundraise.

Quick facts: Zephyr Energy PLC

Price: 0.552 GBX

LSE:ZPHR
Market: LSE
Market Cap: £3.84 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Zephyr Energy PLC named herein, including the promotion by the Company of Zephyr Energy PLC in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

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,...

on 20/10/20

2 min read