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Last 1.27 GBp
Change Today -0.05 / -3.77%
Volume 6.8M
ROSE On Other Exchanges
Symbol
Exchange
London
OTC US
Berlin
As of 8:23 AM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

rose petroleum plc (ROSE) Snapshot

Open
1.33 GBp
Previous Close
1.33 GBp
Day High
1.33 GBp
Day Low
1.27 GBp
52 Week High
07/25/14 - 4.25 GBp
52 Week Low
04/30/14 - 0.68 GBp
Market Cap
19.3M
Average Volume 10 Days
10.2M
EPS TTM
-0.0057 GBp
Shares Outstanding
1.5B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ROSE PETROLEUM PLC (ROSE)

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rose petroleum plc (ROSE) Details

Rose Petroleum plc operates as an oil and gas exploration and production company primarily focusing on the U.S. Shale Resource plays. The company has 230,000 acres in 2 active shale plays in the United States; and holds oil and gas licenses covering approximately 1.29 million acres in the states of Baden-Württemberg and Bavaria in southern Germany. It also engages in the acquisition, evaluation, and exploration of gold, silver, uranium, and copper resources in the Unites States and Mexico. The company was formerly known as VANE Minerals plc and changed its name to Rose Petroleum plc in August 2013. Rose Petroleum plc was incorporated in 2002 and is headquartered in London, the United Kingdom.

52 Employees
Last Reported Date: 06/3/14
Founded in 2002

rose petroleum plc (ROSE) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: 64.4K GBP
Chief Operating Officer and Executive Directo...
Total Annual Compensation: 120.6K GBP
Co-Lead Geologist and Director of Exploration
Total Annual Compensation: --
Technical Director and Director
Total Annual Compensation: 2.5K GBP
Co-Lead Geologist
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

rose petroleum plc (ROSE) Key Developments

Rose Petroleum plc Provides an Operational Update Uinta and Paradox Basins in Utah

Rose Petroleum plc provided an operational update on activities within its US onshore oil and gas division which is made up of a 75% working interest in over 250,000 gross acres in the highly prospective Uinta and Paradox Basins in Utah. Rose began completion of the deeper conventional intervals below the Mancos in the State 1-34 well earlier this month. Four intervals were perforated and flow tested and none were deemed likely to be commercial. The well is currently shut-in pending completion of the Mancos core analysis, which was the primary objective of this well. The primary purpose of the State 1-34 well is to gather data from the Mancos shale. Based on the mud logs, open hole logs, and core analysis, the preliminary results for the Mancos shale are encouraging. Ryder Scott calculated mean gross Un-risked Prospective Recoverable Resource Estimates for Rose's Mancos assets of 709 MMBO and 4.26 TCFG. With this level of recoverable reserve potential and the positive initial data from the State 1-34 well, the Mancos shale is the Company's initial primary focus while the Paradox 3-D seismic programme is underway. The analytical work on the Mancos cores is expected to be completed in second quarter of 2015 and will be used to orient the direction of horizontal laterals in future Mancos wells and to optimise fracture stimulation design of the horizontal wellbores. Mancos drilling programme: Following an in-depth geological assessment, Rose has now selected six primary locations and is in the process of preparing the drilling permit applications to be submitted to the Bureau of Land Management and the State of Utah Division of Oil, Gas and Mining for approval. Once the permits are approved, Rose anticipates initiating a first phase, three well drilling programme shortly thereafter, once all contractors and vendors are in-place. Once the first three wells have been drilled and evaluated, the Company will have six months before it is obliged to drill the other three wells or allow the drilling permits to lapse and then re-permit.

Rose Petroleum plc Provides Operational Update on Activities Within its US Onshore Oil and Gas Division

Rose Petroleum plc provided an operational update on activities within its US onshore oil and gas division which is made up of a 75% working interest in over 250,000 gross acres in the highly prospective Uinta and Paradox Basins in Utah. The Company reported that the completion rig has been mobilised on schedule in line with the Group's strategy to generate production from its conventional targets as it awaits the results of the Mancos core analyses. This rig will run production tests on multiple intervals within the conventional target including: the Chinle Formation (from 2,968 to 2,978'); the Salt Wash Formation (from 1855 to 1859'; 1794 to 1802'; 1762 to 1776'; and 1692 to 1700'); the Brushy Basin Formation (from 1494 to 1518'; 1439 to 1447'); the Dakota Formation (from 1246 to 1257'). Subject to successful testing of these formations, the Company anticipates commencing production during second quarter 2015. Preliminary side wall core analysis confirms the dominate lithology of the conventional reservoirs to be quartz (80 to 95%) with relatively minor parts of clay (2 to 10%) and carbonaceous material (1 to 10%). The majority of porosity is secondary porosity from the leaching of silica and calcite with lesser volumes of micro porosity and primary porosity. Based on the preliminary results of the side wall cores, Rose remains optimistic about the potential of the conventional reservoirs in the well. The Company reported that activity continues even during lower commodity prices in the Paradox Basin in southeastern Utah. Rose continues the permitting process of its 61 square mile 3-D seismic programme which it hopes to begin shooting in H2 2015, subject to permits. Upon completion of the 3-D acquisition and interpretation, Rose will select the location for its first Paradox well with anticipated spud in 2016. Fidelity: Directly south of Rose's Paradox leasehold, in December of 2014 Fidelity completed the Cane Creek Unit #28-3 well out of the Paradox Clastics at a sustained rate of 600 BOPD through the month of January 2015. This brings the total number of new producing wells drilled by Fidelity since 2012 to 23 wells with 20 additional wells currently permitted to be drilled. CCI Paradox Upstream - Denver, Colorado: In the gas window on the southern end of the Paradox Clastic area, CCI Paradox Upstream, a division of Castleton Commodities International, an energy merchant company (formerly Louis Dreyfus Highbridge Energy) has completed two high volume gas wells. The two wells have combined for over 4.5 MMCFG/D since November of 2014. CCI currently has plans to drill a third well in the same vicinity. CCI owns 150,000 net acres in the area, as well as gas processing facilities, 262 miles of gathering system and 180 oil and gas wells. The assets were acquired from Patara Oil and Gas LLC in early 2013, who in turn acquired the assets from EnCana in 2010.

Rose Petroleum plc Appoints Chris Eadie as Finance Director

Rose Petroleum plc announced that Chris Eadie has been appointed to the Board of the Company as Finance Director with immediate effect. Having qualified as a Chartered Accountant with PricewaterhouseCoopers, Chris has subsequently had over 17 years of post-qualification finance experience and gained a wealth of capital market experience working across a wide variety of sectors and geographies. After leaving PWC, Chris held a number of senior finance roles at Cable and Wireless plc, following which he joined AIM-listed Aurum Mining plc as Finance Director. Chris will continue to be involved with Aurum on a part-time basis while it continues its transformation.

 

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