Rose Petroleum plc
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Welcome to Rose Petroleum

Rose Petroleum plc (Ticker: ROSE.L)

Rose Petroleum plc is an AIM quoted multi-asset natural resources business, building on its current projects and establishing a diversified international asset portfolio. Rose is an exploration, development and production company and is currently focussed on two business divisions, with a third in the short term project pipeline: 

Oil & Gas: Paradox Basin, Utah, USA. This division is currently driving forward plans for a 61 sq mile 3D seismic shoot in its project area of 130,000 acres, in which it is earning a 75% Working Interest. The basin has been developed and has significant existing production. The seismic data will be key to unlocking the drill targets as it is a natural fracturing driven basin, which the seismic will identify. 

Mining: Base and precious metals and uranium. The Company is active in Mexico and the USA. The center of its mining effort is Mexico where it is developing joint venture arrangements to optimise its 100%-owned SDA floatation mill to fund projects.

As of early-2016, Rose has also been focussing on a third potential asset; a project in Cuba based around the processing and manufacturing of gypsum and gypsum-based building materials. The company is tendering to become the operator, distributor and manufacturer on the project with an overall profit share.

Our strategy is to add to our project pipeline to add increasing production and cumulative value for shareholders.

January 15 - Coring at 1-34 January 15 - Drillers at work on 1-34 January 15 - Drilling pipe at 1-34 January 15 - Pulling Core at 1-34 January 15 - Pulling Core at 1-34 January 15 - Night drilling at 1-34 January 15 - 1-34 Well notice, Utah I-34 Well, Utah December 14 - Work commences at 1-34 well on road and pad construction December 14 - Construction equipment on location at 1-34 well Long distance nighttime shot at 1-34 Mina Charay Mine Entrance View to Northeast Across Mancos Flats Unit Infrastructure  Southeast of Mancos Flats Unit Newly Installed Increased Capacity Pipeline (left) and Existing Pipelines (right) Crossing Windy Mesa Unit Rail Line on Windy Mesa Unit Oil and Gas Service Vehicle on Interstate 70 Near Gunnison Valley Unit Utah State Line East of Mancos Flats Unit

 

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