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'Watershed moment' for Rose Petroleum with new Paradox Basin data

Chris Eadie, CFO at Rose Petroleum PLC (LON:ROSE), discusses with Proactive's Andrew Scott new analysis of its Paradox basin acreage, in Utah, which sees the potential for some 450mln barrels to be present.

Specifically, they've received the initial interpretation of new 3D seismic data for a 20 square mile area known as the Gunnison Valley Unit or GSU.

The process, which is ongoing, has identified some 53 potential well locations in the Cane Creek reservoir zone.

 

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