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Rose Petroleum CEO discusses change of plan in Utah

Matthew Idiens, chief executive of Rose Petroleum (LON:ROSE), explains the slight change of plan at the company’s Mancos shale acreage in Utah.

Rose revealed today it can no longer drill horizontally from the State 1-34 vertical well. The first horizontal well is to be drilled at one of the six new well locations where the company hopes to obtain permits.

Idiens tells Proactive Investors why the group is now more confident about the main project being a success than before and discusses the timescale for the new plan.

Quick facts: Rose Petroleum PLC

Price: 1.325 GBX

AIM:ROSE
Market: AIM
Market Cap: £2.26 m
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