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Oil Capital
EPIC: ROSE
Market: AIM
52-week High/Low: 3.90p / 1.00p
Sector: Energy
Market Cap: 2.77M

Rose Petroleum plc is an AIM listed multi-asset natural resources company with a team of experts that has successfully navigated the political and environmental landscapes in a diverse collection of regions. Its core asset is a substantial oil and gas acreage position, where a 3D seismic survey targeted a major clastic sandstone play in H2 2017.

Rose Petroleum PLC

rosepetroleum.com

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Big picture - Why invest in Rose Petroleum PLC

Rose Petroleum PLC Snapshot

Rose Petroleum plc is a North America-focused oil and gas company whose primary asset is approximately 80,000 net acres in the prolific 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 60 drilling locations, with the intention of commencing a drilling programme as soon as possible, subject to rig availability, funding, lease stipulations and Federal Unit regulations. The Application for Permit to Drill the Group’s first proposed well was granted in Q3 2018 and for a second well in Q1 2019.

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 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’s management is committed to working diligently on behalf of shareholders and acting within strict corporate governance guidelines to pursue this strategy.

OUR PORTFOLIO

The Company is focused on building shareholder value through advancing its primary oil & gas asset.

OIL & GAS - Click here for more info.

Rose Petroleum’s primary asset, more than 80,000 net acres oil and gas asset located in the Paradox Basin in Utah, USA, in which it is earning into a 75% working interest.

OTHER OPPORTUNITIES - Click here for more information.

Rose Petroleum has a portfolio of non-core assets, which it continuously reviews with a view to creating the most value for shareholders; at present, it has interests in base and precious metals and uranium projects located in the USA including 100% of the North Wash project in Utah which contains a resource of uranium and vanadium which is being held on care and maintenance while discussions take place on possible disposal of the project.

Also the company has an agreement with enCore Energy Corporation for it to use Rose’s US uranium exploration project database to develop prospects in Arizona

 

Rick Grant
NON-EXECUTIVE DIRECTOR

Rick has a 40-year track record of success in the oil and gas industry. Rick is co-founder and Chairman of Origin Creek Energy LLC (“OCE”). OCE makes $2-$20 million foundational investments in the domestic US energy sector.  The firm’s capital is provided by its partners and two affiliated family offices.

Prior to OCE, Rick was CEO of Suez North America LNG and then served as CEO of Suez Global LNG (“Suez LNG”). During his tenure, Suez LNG grew from an initial US$680 million acquisition of Cabot LNG (where Rick previously served as President), into the world’s third largest liquefied natural gas business, one active across the entire global natural gas chain from upstream production through to distribution to end-users. Before his time at Cabot, Rick was President of Mountaineer Gas, the largest natural gas distribution company in West Virginia (which also held a sizable upstream portfolio). During his career, Rick has had significant success managing multi-billion dollar organisations and developments, and has been involved in a number of profitable corporate exits.

 

Colin Harrington
EXECUTIVE CHAIRMAN


Colin Harrington is CEO of OCE. OCE makes $2-$20 million foundational investments in the domestic US energy sector. The firm’s capital is provided by its partners and two affiliated family offices. As CEO of OCE, Colin spearheaded the firm’s efforts to originate and build value from existing upstream investments in the Rockies and Marcellus regions.

Colin began his career in energy finance in 1998, and previously worked in New York, London, Washington DC and San Francisco. In addition to his banking and investment management experience, he founded several companies focused on both the traditional and alternative energy sectors.

Prior to founding OCE, Colin was Managing Partner of the Wellford Energy Group and former CEO of Wellford Capital Markets, a FINRA-registered broker dealer. Prior to Wellford, Mr. Harrington was Senior Vice President of Energy Investment Banking at FBR Group in San Francisco.

Colin holds an MBA from the Wharton School and was a Hansard Scholar at the London School of Economics.

 

Tom Reynolds
NON-EXECUTIVE DIRECTOR


Tom is a chartered Chemical Engineer with 25 years’ experience in the energy sector spanning executive management of private and public E&P companies, private equity investment and advising early stage companies.

Tom led two public E&P companies between 2008-2016 – Bridge Energy ASA and Iona Energy Inc. – providing him with a broad range of North Sea experience including cross border mergers, IPOs, acquisitions & disposals, the Nordic bond market, debt restructuring and investor relations in London, Oslo and Toronto. Previously, Tom joined the oil and gas investment team of 3i in 2003 where he led the origination and assessment of E&P opportunities in the North Sea and internationally.

 

Matthew Idiens
CEO, DIRECTOR


Co- founder of VANE minerals Ltd, which listed on AIM in 2004 and renamed Rose Petroleum plc in 2013 – appointed group CEO in June 2013
Retired Non-exec. Director and Co-founder of Hummingbird Resources plc
20 plus years’ experience in natural resource companies
Previously an associate director at Laing and Cruickshank Investment Management, part of the Credit Lyonnais Group

 

Chris Eadie
CFO, DIRECTOR


Chartered Accountant with over 17 years’ post qualification experience
Held a number of senior finance positions with Cable and Wireless plc
Extensive experience of fundraising and cash management with AIM listed natural resources company
Significant AIM Finance Director experience

 

 

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