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Conventional target at Mancos well ‘excellent news’ - Rose Petroleum CEO

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.

Quick facts: Rose Petroleum PLC

Price: 1.15 GBX

AIM:ROSE
Market: AIM
Market Cap: £2.32 m
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Lionel Therond on Rose Petroleum

Lionel Therond talks through Rose Petroleum and the completion of the initial structural interpretation of the 3D seismic data it acquired over its Gunnison Valley Unit (GVU) which is part of its larger lease holding in the Paradox Basin, Utah, U.S.A.

on 02/26/2018

2 min read