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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.

Quick facts: Rose Petroleum PLC

Price: 1.075 GBX

AIM:ROSE
Market: AIM
Market Cap: £3.09 m
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Full interview: Rose Petroleum sets sights on DJ Basin as it takes stake in...

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...

on 4/11/19

2 min read