Rose Petroleum Rose has changed the recent fundraising and Robert Bensh has not invested in the company, instead they have raised £300,000 at 1.2p, a premium to the last raise from Origin Creek Energy. Colin Harrington, the CEO of OCE is also joining the Board of Rose as Executive Chairman. With OCE being a key investor in just the areas that Rose is familiar with in the US and having significant regional and operational expertise Rose can only benefit from the new arrangements.
·OCE is an investment firm focused on foundational public and private investments in the onshore U.S. upstream sector, primarily in the D-J and Marcellus basins;. ·Colin Harrington, who is currently Chief Executive Officer of OCE and has decades of U.S. onshore oil and gas experience, will be joining the Rose Board as Executive Chairman.. Rose has raised £300,000,...
Rose Petroleum Plc (ROSE.L) Announced that it has appointed Tom Reynolds as Non-Executive Director of the company, with immediate effect. Concurrent with Mr Reynolds' appointment, Kelly Scott has stepped down from the Board of the company. He will continue in his Executive role with the company in a non-Board capacity.
Mr Reynolds has held Board seats on various companies listed in London, Oslo and Toronto. He is a non-executive director of AIM listed Solo Oil plc. He was previously CEO of Iona Energy, Inc. and, immediately prior to that, he was CEO of Bridge Energy ASA, which Mr Reynolds grew through a series of acquisitions before listing the group in both Oslo and London, prior to...
Andrew Hore Quoted Micro 15 April 2019 NEX: #HASH #ESO #ANGP #LUCE #NQMI AIM: #SUMO #DEST #ANX #RAI #SAF #IQG #LWRF #GOR #SML #PSL #ROSE #CPT LSE: #NANO #BON #CGO #TOOP #NFX #ZEG #WDC
RNS Number: 1014 W Rose Petroleum PLC 12 April 2019 12 April 2019. Rose Petroleum plc is a North America- focused oil and gas company whose primary asset is approximately 80,000 net acres in the prolific oil and gas producing Paradox Basin in Utah, U.S.A., where it is earning into a 75% working interest. The CPR estimated a 2 C Contingent Resource, net to Rose, of 9.25...
Rose Petroleum Following yesterday’s story when I noted that directors where planning to buy stock, they put their money where there mouth was. CEO Matt Idiens bought 2m shares, Chris Eadie, CFO 945,600 and future NED Tom Reynolds 731,694. As I said, one for the notebook.
RNS Number: 9724 V Rose Petroleum PLC 12 April 2019 12 April 2019. Further to the announcement on 11 April 2019, Rose Petroleum plc, the AIM-quoted natural resources business, announces the following purchases of the ordinary shares of 0.1 p each in the Company by certain Directors and PDMRs of the Company.. Rose Petroleum plc is a North America- focused oil and gas...
Rose Petroleum A lot is happening at Rose Petroleum and it is certainly one for the notebook, as they say. The company has raised £275,000 at 1.1p with a subscription from new Executive Chairman Robert Bensh whom I have worked with before and can endorse wholeheartedly with his immense knowledge of the US oil and gas industry. Directors and management are also buying in the market at the moment giving some decent momentum to the process. Also in the announcement is that Tom Reynolds is joining the board, this is an even more encouraging piece of news for shareholders as he is a class act in the sector too. Finally David Sefton and James Berwick are no longer joining the board… Rose tell me that whilst they are still progressing with the Gunnison Valley asset in Utah as well as the potential deal in Texas they are open to suggestions and I for one wouldn’t be surprised if RB brought in some deals. Finally it is interesting to note that the company has appointed Gneiss Energy as commercial and strategic advisors, this is an interesting piece in the jigsaw as they are certainly ‘movers and shakers’ in the sector and will be of considerable help to the company and is a positive step indeed. A landmark day then for Rose and as I said, this very much becomes one for the notebook…
·£275,000 raised, before expenses, through a direct subscription with the Company for 25,000,000 ordinary shares in the Company;. ·David Sefton and James Berwick will no longer be joining the Board.. Rose has raised £275,000, before expenses, via a subscription by Robert Bensh for 25,000,000 new ordinary shares at a price of 1.1 pence per share.
Rose Petroleum Plc (ROSE.L) Announced in an update on its recent activities in the USA and to outline the strategic direction of the company, that subject to funding and rig availability, was at an advanced stage of readiness in respect of being able to spud the GV 22-1 well on its acreage in the Paradox Basin, Utah, USA (the Paradox or the Paradox acreage). The update went on to say that it hoped that an appropriate rig would be available in Q1 2019 by which time it was hoped that funding would have been arranged to enable the commencement of spudding of the GV 22-1 well. The company continues to keep up its search for an available rig so that it is able to kick off drilling operations as soon as possible after the funding is secured. The Board has also agreed that in order to maintain an appropriate size, Philip Jeffcock and Kelly Scott will resign as directors upon the appointment of David and James. Kelly will however continue in his executive role with the company.
RNS Number: 2538 U Rose Petroleum PLC 28 March 2019 Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations No. 596/ 2014. Further to its Operations Update announcement on 6 December 2018, Rose Petroleum plc, the AIM-quoted natural...
RNS Number: 0235 U Rose Petroleum PLC 26 March 2019 26 March 2019. The following TR-1 form has been provided to Rose as a replacement to the TR-1 form announced on 12 March 2019, as the date in box 5 has been corrected from 8 March 2019 to 4 March 2019. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Rose Petroleum plc is a North America-focused oil and gas company whose primary asset is approximately 90,000 net acres in the prolific oil and gas producing Paradox Basin in Utah, U.S.A., where it is earning into a 75% working interest. Using high-quality data gathered in a 3D seismic survey completed in October 2017, the company is in the process of identifying drilling locations, with the intention of commencing a drilling programme in H2 2018 once necessary permits have been secured.