Rose Petroleum advances 3D seismic in Paradox basin, expected to complete ahead of schedule
“The seismic is key to unlocking the acreage, by not only identifying drill targets but also steering the horizontal leg of the wells,” Matthew Idiens said
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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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“The seismic is key to unlocking the acreage, by not only identifying drill targets but also steering the horizontal leg of the wells,” Matthew Idiens said
The FTSE 100 rose to within a couple of points of 7,500 after US markets opened higher
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oil and gas, Rose Petroleum PLC, Angus Energy PLC, Hurricane Energy PLC, Tlou Energy, shares
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A glance at some of the day's highlights from the Proactive Investors newswire
"The board is delighted to have completed this transformational fundraise to fully finance the 3D seismic programme," said CEO Matthew Idiens
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A glance at some of the day's highlights from the Proactive Investors newswire
Rose Petroleum has extended the scope of its arrangements for the Paradox basin, where it will now explore lithium deposits as well as oil and gas targets
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A glance at some of the day's highlights from the Proactive Investors newswire
The focus is now on the group’s Paradox basin assets in Utah where a drill programme is planned for the second half of this year
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A glance at some of the day's highlights from the Proactive Investors newswire
Some of the main news-driven risers and fallers at 3.35pm...
“We look forward to receiving the balance of funds from Magellan for the disposal at completion, which is expected to dovetail nicely into the timing of the Paradox shoot," chief executive Matthew Idiens said.
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Some this week's oil and gas news highlights from the newswire
The AIM quoted natural resources group said it plans to sell the San Dieguito de Arriba mill to Magellan Gold Corporation for a total consideration of US$1.5mln
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
The explorer explained that the survey should allow it to predict areas of open natural fractures in the Paradox basin
The area being targeted by Rose is believed to have very significant potential – Paradox could contain as much as 1.1bn barrels of oil and 2.2tn cubic feet of gas.