Rose Petroleum plc

Interim Results for the six months ended 30 June 2016

22-September-2016

Rose Petroleum plc (AIM: ROSE), the multi-asset natural resources exploration and production company, announces its interim results for the six months ending 30 June 2016.

Rose Petroleum plc (AIM: ROSE), the multi-asset natural resources exploration and production company, announces its interim results for the six months ending 30 June 2016.
Matthew Idiens, CEO of Rose Petroleum, commented: “The period under review has been one of sustained progress for the Group. During the period we have rationalised the asset base and significantly reduced our operating costs as we look to position the Company for future profitability and growth. We are looking to the future with confidence and optimism.

“Our objectives going forward are threefold: firstly, to progress our Oil & Gas asset by completing the permitting process for the planned 3D seismic shoot in the Paradox Basin; secondly, to increase revenue by commencing joint venture partnerships with our gold mining and milling operations in Mexico; and thirdly, progress the Cuban Gypsum project and successfully complete the negotiation process and commence construction of the plant. “

“I would like to take this opportunity to thank our employees, consultants and shareholders for their hard work and commitment to us during this transformational period.”

Click HERE for a full copy of this press release.

A copy of the Company's interim report for the six months to 30 June 2016 will shortly be available from its website http://www.rosepetroleum.com.