NAPE Summit Global Business Conference 2018

RNS Number : 3174C

Rose Petroleum PLC

18 January 2018

 

18 January 2018

Rose Petroleum plc

("Rose", the "Company" or the "Group")

NAPE Summit Global Business Conference 2018

Rose (AIM: ROSE), the AIM quoted natural resources business, is pleased to announce that it its wholly owned subsidiary, Rose Petroleum (US) LLC ("Rose US"), will be exhibiting at the 2018 NAPE Oil and Gas Business Conference being held in Houston, U.S.A. from 6^th - 9^th February, 2018.

Rose US will be in booth 2367 at the conference which is being held at George R. Brown Convention Center, 1001 Avenida De Las Americas, Houston, TX 77010-6035.

Following the successful completion of its 3D seismic shoot over its acreage in the Paradox Basin, Utah, the Company will be exhibiting the Paradox project at NAPE to potential investors and partners.

The Company will be updating the market shortly with the results from the interpretation of data from the recent seismic shoot.

Enquiries:

Matthew Idiens (CEO) Chris Eadie (CFO)	Rose Petroleum plc	Tel: [phone] Tel: [phone]
Jeremy Porter / James Reeve / Liz Kirchner	Allenby Capital Limited	Tel: [phone]
Andy Thacker	Turner Pope Investments	Tel:  [phone]

Media enquiries:

Peter Curtain

Allerton Communications

Tel: [phone] [e-mail]

Notes to editors

Rose Petroleum plc (http://rosepetroleum.com) is a North America-focused oil and gas company whose primary asset is approximately 90,000 net acres in the prolific oil and gas producing Paradox Basin in Utah, U.S.A., where it is earning into a 75% working interest. Using high-quality data gathered in a 3D seismic survey completed in October 2017, the company is in the process of identifying drilling locations, with the intention of commencing a drilling programme in H2 2018 once necessary permits have been secured.

The company's established management is supported by an expert technical team with extensive experience of the basin, where current operations nearby have proven successful, with significant initial production rates and low decline rates, offering strong economics in the present oil price environment.

The company's strategy is to grow both organically and through acquisition, identifying additional hydrocarbon assets, conventional or unconventional, that would benefit from the company's fast-acting, entrepreneurial approach.

Rose Petroleum has been quoted on AIM since June 2004.

 

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