Rose Petroleum raises £1mln as it advances Paradox basin assets
New funds will bring Rose closer to drilling and closer to securing a more substantial project funding for the Paradox basin assets
Company
Rosebank Industries PLC
LON:ROSE
Rosebank Industries PLC is an investment vehicle set up by former senior managers of Melrose Industries with the intention of recreating its ‘buy, improve, sell’ business model. Rosebank's founders include two of the three original Melrose founders and four other leading members of its senior management team.
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“We believe that if the discussions with prospective partners continue as they have commenced, we should be able to fund the well with minimal dilution to shareholders, if any”
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