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Rose Petroleum PLC

Rose Petroleum plc (“Rose”) is an AIM-listed company active in both Mining and Oil & Gas. We believe that the Company’s exploration assets in the Paradox Basin (USA) provide a number of relatively short-term de-risking catalysts for potential share price appreciation as well as a potential medium-term monetisation option for shareholders.

Executive summary

In 2014, Ryder Scott provided a mean recoverable resource estimate of 1.1 billion bbl of oil and 2.2TCF of gas for Rose Petroleum share of the leasehold in the Paradox Basin. The modelling of a single well’s economics carried out by the Company in the Paradox Basin, indicate an NPV10 of $0.7m per well assuming an oil price of $40.75/bbl and gas price of $2.75/mscf, with a pay-back period of 3.4 years.
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LSE:ZPHR
Market: LSE
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Zephyr Energy 'fully financed' for drilling State 16-2 dual-use well in...

Zephyr Energy's (LON:ZPHR) Colin Harrington talks to Proactive London about the recent placing and their near term strategy. The company raised £2.25m at 0.55p to fully finance its maximum funding obligations for drilling the State 16-2 dual-use well on its acreage in the Paradox Basin,...

on 20/10/20

6 min read