Rose Petroleum plc

Board Change


Rose announces that John Blair has decided to leave the Company and has stepped down from the Board of Directors

Rose Petroleum plc, the AIM-listed (AIM: ROSE) natural resources company, announces that John Blair has decided to leave the Company and has stepped down from the Board of Directors. The Board has accepted John’s resignation, which takes immediate effect, and wish him well in his future endeavours. The Board is grateful to John for his efforts toward developing the Company’s oil and gas projects and in assembling such an experienced and professional US team. He leaves the projects in very capable hands.

Ty Watson, Rose’s current Senior Vice President of Operations who has worked closely with John since joining the Company, has been appointed President of Rose Petroleum US LLC and will head-up Rose’s oil and gas operations. Mr. Watson will be leading the oil and gas team on the ground in developing the Company’s three onshore US exploration, development and production projects.

Mr. Watson is a Petroleum Engineer with 30 years of experience in drilling and completion operations, business development and acquisitions in basins across the US. He began his career at Schlumberger where he progressed through technical and operational positions for 13 years culminating in being appointed as the Western Region General Manager. After leaving Schlumberger in 2002, Mr. Watson went on to lead teams at Shell Rocky Mountain, Williams Production Company, Enerplus and Great Western Oil & Gas, where he helped to reduce drilling times, increase production and reserves, and lower operational costs while either entering new basins with operations or converting teams from vertical technology to resource horizontal technology.

Matthew Idiens, Group CEO, commented:

“Ty Watson and John Blair have worked together in developing our US onshore oil and gas assets since Ty joined Rose in 2014. Ty has a strong understanding of our significant oil and gas acreage and current campaign focused on building value in our portfolio, and we welcome him in his new role as Head of Oil and Gas Operations. He has a proven track record in increasing production, reducing drill time and lowering well costs and, together with our strong Board and team on the ground, I believe he will leverage this to deliver on our strategy. I look forward to working closely with Ty as we move the Company forward.”