Proactive Investors - Run By Investors For Investors

Rose Petroleum now fully permitted for its first well in the Paradox Basin

Rose Petroleum PLC's (LON:ROSE) CEO Matt Idiens tells Proactive London's Andrew Scott they're to drill the GV 22-1 well at their Paradox acreage in Utah “as soon as possible” after being given the green light from US authorities.

The application for a permit to drill was approved by the US Bureau of Land Management and is valid for an initial two-year period.

In order for GV 22-1 to be the next obligation well, Rose has had to extend the boundary of the Gunnison Valley Unit, changes which are expected to take about 45 days to complete.

 
Meet MaxCyte, Primary Health Properties PLC, Scancell Holdings PLC and PCF Group Plc at our event, London , 25 April 2019. Register here »
View full ROSE profile View Profile

Rose Petroleum PLC Timeline

Video
December 07 2018

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use