Matt Idiens, the chief executive of Rose Petroleum (LON:ROSE), describes finding oil in conventional reservoirs at its State 1-34 Mancos Well in Utah as well as in the Mancos Shale as ‘a bonus’ and ‘excellent news’. Idiens discusses how this will help fast-track the company’s production, the effect lower oil prices has on the group, and its mining assets.
Conventional target at Mancos well ‘excellent news’ - Rose Petroleum CEO
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Price: 1.15 GBX
Market Cap: £2.32 m
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