Rose is focused on the permitting of a 61 sq mile 3D seismic shoot in the Paradox basin in Utah, USA, where it is earning a 75% working interest in approx. 90,000 acres and is targeting the Paradox Clastics. The large resources (Ryder Scott reported: 1.1billion barrels of oil and 2.2 T cubic feet of gas un-risked prospective (recoverable) hydrocarbon resources) and extensive infrastructure in the area supports strong economics even in current market conditions...
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 Gypsum is tendering to become the operator, distributor and manufacturer on the project with an overall profit share. If successful, Rose will become the sole manufacturer of gypsum related products operating in Cuba.
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