Rose Petroleum expands footprint in Paradox Basin with further 'high quality acreage'
Matt Idiens, chief executive of Rose Petroleum PLC (LON:ROSE), tells Proactive London's Andrew Scott they've expanded their footprint In the Paradox basin, in Utah, with a deal to acquire around 1,920 acres.
The new acreage was secured through the December 2018 Bureau of Land Management Utah lease sale.
Rose will own 75% alongside partner Rockies Standard Oil Company (RSOC).
Quick facts: Rose Petroleum PLC