Rose Petroleum PLC Notice of general meeting and posting of circular (0350N)
03 May 2018 - 8:30PM
UK Regulatory
TIDMROSE
RNS Number : 0350N
Rose Petroleum PLC
03 May 2018
3 May 2018
Rose Petroleum plc
("Rose", the "Company" or the "Group")
Notice of general meeting and posting of circular
Rose Petroleum plc (AIM: ROSE), the AIM quoted natural resources
business, announces that further to its announcement of 2 May 2018,
the Company is today publishing a Circular to convene a General
Meeting of shareholders to propose resolutions to enable completion
of the proposed placing.
The general meeting will be held at 11.00 a.m. on 21 May 2018 at
the offices of Allenby Capital Limited, 5 St. Helen's Place, London
EC3A 6AB. The circular containing the notice of general meeting
will be sent to shareholders today and will shortly be available on
the Company's website, www.rosepetroleum.com .
Enquiries:
Rose Petroleum Tel: +44 (0)
plc 20 7225 4595
Matthew Idiens (CEO) Tel: +44 (0)
Chris Eadie (CFO) 20 7225 4599
Jeremy Porter / James Allenby Capital Tel: +44 (0)
Reeve / Liz Kirchner Limited 20 3328 5656
Andy Thacker Turner Pope Tel: +44 (0)20
Investments 3621 4120
Media enquiries:
Allerton Communications Tel: +44 (0) 20 3633
1730
Peter Curtain 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 acres in the 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 clastics
formation with the intention of commencing a drilling programme in
H2 2018, once necessary permits and funding 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 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 company news service from the London Stock Exchange
END
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