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Additional acreage gives Rose Petroleum 'exactly what it needs'

Chris Eadie, finance director at Rose Petroleum PLC (LON:ROSE) discusses with Proactive's Andrew Scott the decision to expand their footprint in Utah’s Paradox basin - acquiring a 75% working interest in an additional 3,320 gross acres.

The package is being acquired via joint venture partner Rockies Standard Oil Company (RSOC) and, including the new acquisition, the partnership now addresses some 79,577 acres in the Paradox Basin.

 

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