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Full interview: Rose Petroleum sets sights on DJ Basin as it takes stake in shale assets

Rose Petroleum PLC's (LON:ROSE) Colin Harrington tells Proactive London's Andrew Scott they've signed a Letter of Intent to acquire a 9% interest in shale assets in the prolific DJ Basin in Colorado.

There is also an option to increase the working interest to around 80%.

A 12-well horizontal drilling programme has been proposed for the project with Rose’s share of the costs to be funded partly by a £1.25mln fundraise.

Quick facts: Rose Petroleum PLC

Price: 0.525 GBX

AIM:ROSE
Market: AIM
Market Cap: £1.51 m
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Sweet-smelling milestones for Rose Petroleum

Rose Petroleum PLC (LON:ROSE) this week released milestone investor updates as it continues to work on the composition of its asset portfolio in the United States. Investor turned CEO Colin Harrington tells Proactive London which changes he has made to get Rose to this sweet spot, including...

on 11/2/20

2 min read