Rose Petroleum plc

Article from - 13th November 2014


Rose Petroleum's unconventional oil & gas reserves in Utah look like increasing following a new CPR

Having exited from some legacy mining assets in Germany, AIM listed Rose Petroleum is now concentrating on building a substantial oil & gas company based on shale and other non-conventional assets in Utah in the US.

To this end Rose has recently issued its Certified Resource Estimates on the assets it recently acquired in the Cisco Dome Field, located in the company’s Mancos Development Area in the Uinta Basin, eastern Utah.Independent reservoir engineers Ryder Scott’s Best (mid case) Gross Unrisked Prospective Recoverable Resource Estimates for the Mancos on the Cisco acreage is 31.30 million barrels of oil (MMbo) and 187.47 billion cubic feet of gas (bcfg).

These additional Mancos Resources Estimates bring Ryder Scott’s total Best (mid case) Gross Unrisked Prospective Recoverable Resource for Rose to 517.79 mmbo and 3,090.86 bcfg in its Mancos Development Area,Ryder Scott has been instructed to prepare an additional Reserve Estimate on these assets from the existing conventional production which Rose will release during the next quarter..........

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