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Sweet-smelling milestones for Rose Petroleum

Investor turned CEO Colin Harrington tells Proactive London which changes he has made to get Rose to this sweet spot, including making changes on the board, renegotiating JVs and concentrating on rolling out the strategic overview. 

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 making changes on the board, renegotiating JVs and concentrating on rolling out the strategic overview. 

Harrington describes its Utah project as high-margin development at a lower risk and explains how the company is funded over the near term.

The Utah explorer has received regulatory approval to extend its lease over the Paradox project, securing some 11,300 acres in the core project area for two more years.

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Price: 0.625 GBX

LSE:ZPHR
Market: LSE
Market Cap: £3.04 m
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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,...

1 week, 3 days ago

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