Rose Petroleum PLC Total Voting Rights (2433Y)
31 Dicembre 2019 - 2:00PM
UK Regulatory
TIDMROSE
RNS Number : 2433Y
Rose Petroleum PLC
31 December 2019
31 December 2019
Rose Petroleum plc
("Rose Petroleum" or the "Company")
Total Voting Rights
Rose Petroleum (AIM: ROSE), the AIM quoted natural resources
business, announces that its issued share capital as at the date of
this announcement consists of 287,111,606 ordinary shares of 0.1p,
with one voting right per share. The Company does not hold any
shares in treasury. Therefore, the total number of ordinary shares
of 0.1p and voting rights in the Company is 287,111,606.
This figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company pursuant to the FCA's
Disclosure Guidance and Transparency Rules.
Contacts:
Rose Petroleum plc
Chris Eadie (CFO) Tel: +44 (0)20 7225 4599
Allenby Capital Limited - AIM Nominated
Adviser Tel: +44 (0)20 3328 5656
Jeremy Porter / James Reeve / Liz Kirchner
Cantor Fitzgerald Europe - Financial
Adviser and Joint Broker Tel: +44 (0)20 7894 7686
David Porter
Novum Securities Limited - Joint Broker
Colin Rowbury Tel: +44 (0)20 7399 9427
Turner Pope Investments - Joint Broker
Andy Thacker Tel: +44 (0)20 3621 4120
Media enquiries:
Allerton Communications Tel: +44 (0) 20 3633
Peter Curtain 1730
peter.curtain@allertoncomms.co.uk
Notes to editors
Rose Petroleum plc (http://rosepetroleum.com) is a North
America-focused oil and gas company whose primary asset is
approximately 80,000 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 has
identified drilling locations in naturally fractured areas of the
Paradox Formation and has chosen the first well location and it is
now permitted to drill and plans to commence the drilling programme
and the first well as soon as possible, subject to rig
availability, stipulations of the leases, BLM Unit obligations and
financing.
On 22 June 2018, Rose announced a Competent Person's Report
("CPR") and Maiden Contingent Resource by Gaffney Cline &
Associates ("GCA") on the Rose acreage covered by the 3D seismic,
approximately 17,250 acres of the 80,000 acres held. The CPR
estimated a 2C Contingent Resource, net to Rose, of 9.25 MMBbl of
oil and 18.50 Bscf of gas, and an unrisked pre-tax Net Present
Value (NPV10) on the 2C Resources, net to Rose, of US$122 million.
The CPR focused solely on one single reservoir - the Cane Creek
reservoir (the "CCR" or "Clastic 21") - of the multiple prospective
reservoirs within the Paradox Formation.
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 even 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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