leadf
logo-loader
viewZephyr Energy PLC
(
LSE:ZPHR
)

Rose Petroleum CEO still upbeat despite missing out on conventional ‘bonus’

The chief executive of Rose Petroleum (LON:ROSE) Matt Idiens insists there is still plenty to play for despite the ‘disappointing news’ that the conventional target at its Utah acreage was not deemed commercially viable.

Idiens told Proactive Investors: ‘It certainly doesn’t take anything away from the potential upside in the Mancos which is where the primary focus and all our resources lie.’

He highlights the difference in size between the conventional and unconventional (shale) targets and says the result does not change its plans for the shale in any way.

Quick facts: Zephyr Energy PLC

Follow
LSE:ZPHR

Price: 5.95 GBX

Market Cap: £72.86 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

FTSE 100 starts week on back foot following lacklustre session in Asian markets

The FTSE 100 started the week on the back foot following a lacklustre session in Asian markets. London’s leading index shed 13 points to 7,109 in early trading. Philip Morris International Inc (NYSE:PM). has come back with a higher offer for Vectura Group PLC (AIM:VEC) after private equity...

on 08/09/2021

2 min read