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Oil Capital

Rose Petroleum raising £3mln to advance Paradox Basin projects

Matthew Idiens, chief executive of Rose Petroleum PLC (LON:ROSE), tells Proactive they're raising £3mln of new capital through a share issue.

The funds will be used to complete a programme of 3D seismic at the Paradox Basin in Utah which will set up the group for future drill programmes.

 

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