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Rose Petroleum now fully permitted for its first well in the Paradox Basin

Rose Petroleum PLC's (LON:ROSE) CEO Matt Idiens tells Proactive London's Andrew Scott they're to drill the GV 22-1 well at their Paradox acreage in Utah “as soon as possible” after being given the green light from US authorities.

The application for a permit to drill was approved by the US Bureau of Land Management and is valid for an initial two-year period.

In order for GV 22-1 to be the next obligation well, Rose has had to extend the boundary of the Gunnison Valley Unit, changes which are expected to take about 45 days to complete.

 

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