Rose Petroleum set to spud in Utah
Rose Petroleum PLC (LON:ROSE) confirmed it is lined up to drill a well in the first quarter of 2019 after it agreed an updated operational plan with the Utah Bureau of Land Management. Rose's Matt Idiens tells Proactive London how as part of the agreement, the boundary of the Gunnison Valley Unit (GVU), in the Paradox Basin, has been extended to include acreage acquired in the US by Rose earlier this year.
That acreage is host to the proposed GVU 22-1 well which, based on 3D seismics, is considered to be a promising well location. Matt explains how among the other stacked plays in their new acreage why this is now their highest-ranked target.
Quick facts: Rose Petroleum PLC