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Last 0.22 GBp
Change Today -0.02 / -8.33%
Volume 7.3M
ROSE On Other Exchanges
Symbol
Exchange
London
OTC US
As of 11:30 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

rose petroleum plc (ROSE) Snapshot

Open
0.24 GBp
Previous Close
0.24 GBp
Day High
0.24 GBp
Day Low
0.22 GBp
52 Week High
09/3/14 - 3.70 GBp
52 Week Low
08/24/15 - 0.16 GBp
Market Cap
5.6M
Average Volume 10 Days
35.1M
EPS TTM
-0.0033 GBp
Shares Outstanding
2.6B
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, together with its subsidiaries, engages in the exploration and development of oil and gas resources. It has 263,000 gross acres located in the Uinta Basin and the Paradox Basin. The company also holds oil and gas licenses covering approximately 1.29 million acres in the states of Baden-Württemberg and Bavaria in southern Germany. In addition, it is involved in the evaluation, acquisition, 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.

55 Employees
Last Reported Date: 06/5/15
Founded in 2002

rose petroleum plc (ROSE) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: 287.0K GBP
Chief Operating Officer and Executive Directo...
Total Annual Compensation: 110.0K GBP
Co-Lead Geologist and Director of Exploration
Total Annual Compensation: --
Co-Lead Geologist
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

rose petroleum plc (ROSE) Key Developments

Rose Petroleum plc Provides an Update on its Activities Onshore US

Rose Petroleum plc provided an update on its activities onshore US. Earlier this year Rose announced that it had commenced the process of permitting six well locations in the Mancos Formation in the Uinta Basin, Utah. However, in consideration of the oil price environment, the Board is focused on delivering a campaign that seeks to maximise value for shareholders, while evaluating cost saving initiatives. Although Rose's Mancos properties benefit from a low breakeven price, exploration in the current environment has a high risk attached to it and therefore, the Board considered it prudent to modify its drilling plans until commodity prices have rebounded. Rose is therefore focusing on one permit initially, within the Cisco Dome area. The initial location selected was amended due to unforeseen archeological elements and for the avoidance of a wildlife sensitive area, which created a delay, but the permitting process is now back on track and barring any additional unforeseen issues, the application is expected to be submitted within 60 days. Rose and its contractors are currently finalising the archeology, paleontology, and biological studies required to file the permit with the Bureau of Land Management (BLM) and the State of Utah Oil & Gas Management (DOGM) in order to drill the Federal 1-15 20-21 horizontal well at the new location. In addition, Rose, the BLM and the archeology contractors are soon having an on-site meeting to confirm that the revised location will meet all regulatory requirements for permitting. The location of Federal 1-15 horizontal well was driven by an in-house geological study of over 75 wells consisting of Rose operated wells and wells developed by third parties and relocated to maximize the potential for success. The Directors of Rose believe its location in the Cisco field will allow for oil sales soon after the well has been brought on-line and gas sales shortly thereafter, due to the existing infrastructure within the area. With regards to the Paradox Project, the company is making progress with the permitting for a 3-D seismic programme for the project area covering 61 sq. miles. The permit application is expected to be submitted imminently following an extensive pre-application process as would be expected with an application covering an area such as this. Once the permit is granted the company has 12 months to complete the 3-D seismic programme, which should assist in the de-risking of the Paradox Project and allow for additional funding options to then be evaluated. Additionally the Board is assessing opportunities to introduce productive assets to Rose's portfolio. The current environment provides significant opportunity to acquire quality assets with stable income which are non-core to other companies and accordingly, the company has engaged both Jefferies International Limited and Wellford Capital Markets to assist in the evaluation and funding of assets which may fit this criteria.

Rose Petroleum Eyes Acquisitions

Rose Petroleum plc (AIM:ROSE) is looking for acquisition opportunities. The Board of Rose Petroleum is assessing opportunities to introduce productive assets to Rose's portfolio. The current environment provides significant opportunity to acquire quality assets with stable income which are non-core to other companies and accordingly, Rose Petroleum has engaged both Jefferies International Limited and Wellford Capital Markets to assist in the evaluation and funding of assets which may fit this criteria.

Rose Petroleum plc Reports Consolidated Earnings Results for the Year Ended December 31, 2014

Rose Petroleum plc reported consolidated earnings results for the year ended December 31, 2014. For the period, the company reported revenue of GBP 1,880,000 compared to GBP 5,710,000 a year ago. Operating loss was GBP 3,510,000 compared to GBP 2,870,000 a year ago. Loss before taxation was GBP 3,560,000 compared to GBP 2,981,000 a year ago. Loss for the year attributable to owners of the parent company was GBP 3,568,000 compared to GBP 3,309,000 a year ago. Basic and diluted loss per share was 0.33 pence compared to 0.57 pence a year ago. Net cash used in operating activities was GBP 1,756,000 compared to GBP 393,000 a year ago. Purchase of property, plant and equipment was GBP 80,000 compared to GBP 110,000 a year ago. Purchase of intangible exploration and evaluation assets was GBP 3,435,000 compared to GBP 31,000 a year ago.

 

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TEV/Sales 2.9x
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