Rose Petroleum plc

Interim Results to September 2004

17-November-2004

Vane announces its interim results to September 2004.

Highlights are:-

  • Listed on AIM in June 2004 raising £3.288m
  • At the reporting end, group has cash balances of £2.64m
  • All work programmes are on schedule and under budget
  • Completed 38-hole drilling programme on Diablito gold-silver prospect in Mexico. First production planned for Q1 2005
  • Follow-up exploration work at prospective Guadalcazar gold prospect in Mexico significantly progressed
  • Drilling on Guadalcazar scheduled to commence early in 2005
  • Option acquired on the Mina Charay gold-silver prospect in Mexico
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