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Oil Capital

RockRose Energy hot on the acquisition trail in the North Sea

Andrew Austin, chairman of RockRose Energy (LON:RRE) talks Proactive through the firm's strategy and recent acquisitions as well as plans to raise production from 1400 barrels to 10-15,000 barrels a day within the next 18 months to two years.

''We think there's a lot of opportunities left in the North Sea where assets over time have sometimes ended up in the wrong hands, with people with possibly the wrong cost base, for the environment we find ourselves in'', Austin says.

''Our objective at RockRose is to be acquisition-driven and to acquire a number of assets - sometimes for negative consideration - such that we can build an oil company that makes sense in the current oil price environment''.

 

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