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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: Rose Petroleum PLC

Price: 1.075 GBX

AIM:ROSE
Market: AIM
Market Cap: £2.17 m
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Rose Petroleum assessing 'value-accretive production and development...

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...

on 1/10/19

2 min read