Rose Petroleum buys in to McCoy lease in Colorado
4th Nov 2019 10:44
(Sharecast News) - Rocky Mountain-focussed oil and gas company Rose Petroleum has entered into a letter of intent with Captiva Energy Holdings II (CEH) for the proposed acquisition of an initial 10% of CEH's 89.5% net working interest in the 317-acre McCoy lease, located in the Denver-Julesburg Basin (DJ Basin) in Weld County, Colorado, it announced on Monday.
Read moreRose Petroleum names new chairman following subscription issues
20th May 2019 10:43
(Sharecast News) - Natural resources business Rose Petroleum tapped Colin Harrington to take over as executive chairman on Monday after chairman designate Robert Bensh was unable to meet the full terms of his irrevocable subscription commitment to the company.
Read moreRose Petroleum acquires further acreage at Utah project
11th Jan 2019 08:27
(Sharecast News) - Natural resources company Rose Petroleum has acquired a 75% working interest in an additional 1,920 acres adjacent to its Gunnison Valley acreage in Utah's Paradox Basin.
Read moreRose Petroleum upbeat on results of Schlumberger study
7th Jan 2019 09:12
(Sharecast News) - Natural resources business Rose Petroleum updated the market on its operations for the Gunnison Valley Unit (GVU) in the Paradox Basin, Utah on Monday, reporting that the fracture characterisation study undertaken by Schlumberger had now been completed.
Read moreRose Petroleum extends boundaries at GVU project
6th Dec 2018 09:33
(Sharecast News) - North America-focused oil and gas company Rose Petroleum has reached an agreement with the Utah Bureau of Land Management regarding an updated operational plan for its Gunnison Valley Unit project in the Paradox Basin.
Read moreRose Petroleum's VANE signs big uranium deal with enCore Energy
27th Nov 2018 09:53
(Sharecast News) - Natural resources company Rose Petroleum announced on Tuesday that its wholly-owned subsidiary VANE Minerals US has entered into an agreement with enCore Energy Corporation with respect to VANE's uranium exploration project database.
Read moreRose Petroleum subsidiary advances to Cuba deal talks
4th Jul 2016 12:25
(ShareCast News) - Rose Petroleum said wholly owned subsidiary Rose Gypsum Ltd has been selected to exclusively proceed into the detailed negotiations phase of a gypsum contract in Cuba. The negotiation process, which followed the tender round, would be exclusively between Empresa Materiales De Cons
Read moreRose Petroleum tanks as it scales back Utah drilling plans
21st Aug 2015 09:21
(ShareCast News) - Rose Petroleum shares slumped after the company said it will scale back its drilling plans in Utah due to lower global oil prices. Earlier this year, Rose began the process of permitting six well locations in the Mancos Formation in the Uinta Basi in Utah. However, as a result
Read moreRose Petroleum tanks on Utah project update
28th Apr 2015 10:59
Shares in Rose Petroleum tanked on Tuesday, after the oil explorer said it had chosen the Cisco Dome region for the first of its six new horizontal wells on the Mancos Shale in Utah. The group said it can no longer use the 1-34 vertical well for the horizontal leg of the project as it would be requi
Read moreRose Petroleum shares plunge as company abandons conventional target in Utah project
31st Mar 2015 15:48
Shares in Rose Petroleum plummeted on Tuesday, after the oil and gas explorer said that attempts to tap the deeper reserves on its Mancos Shale project in Utah had been abandoned. The London-listed company said that while early results of the drill core from its State 1-34 in the Uinta Basin showed
Read moreRose Petroleum sells stake in uranium project for $1.5m
2nd Jan 2015 08:09
US oil & gas explorer Rose Petroleum has agreed to sell its 50% stake in the Wate breccia pipe uranium project to EFR Arizona Strip, a subsidiary of Energy Fuels Inc, for $1.5m. Rose said its subsidiary Vane Minerals had signed a purchase and sale deal to sell its half of the Wate project, which is
Read moreRose Petroleum shares drop as Utah drilling timetable revealed
31st Dec 2014 08:25
Shares in US oil and gas explorer Rose Petroleum dropped after it said it would take most of the first three months of 2015 to complete a well in Utah. Rose said it had perforated the first interval of a planned seven interval programme, covering a total of 19 individual potential pay zones in the S
Read moreRose Petroleum completes work on State 16-42 Paradox well
17th Dec 2014 13:18
Rose Petroleum has taken its first step towards establishing production in the US, announcing completion work on the State 16-42 Paradox well in Utah. In a project update released on Thursday, Rose said it had pressure tested the well's casing to 5,000 psi, switched the wellhead from shut-in to comp
Read moreRose Petroleum receives green light for Utah project
8th Dec 2014 14:39
Oil and gas producer Rose Petroleum's subsidiary, Rose Petroleum LLC, has received the green light to commence construction of the drilling pad and road into the 1-34 State well in the Cisco State Unit. The approval, granted by the State of Utah Department of Oil, Gas and Mining, means the company i
Read moreRose Petroleum proposes raising of shares
1st Dec 2014 12:42
Rose Petroleum, a natural resources company, proposed to raise £3.5m by issuing 200m new shares. The conditional placing is subject to the admission of the shares to trading on AIM, which is expected to start on Friday. The company also said the money raised will provide duns to develop its Mancos
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