viewZephyr Energy PLC

Rose Petroleum shifts focus to new drill programme


Rose Petroleum (LON:ROSE) has chosen the Cisco Dome region for the first of six new horizontal wells on the Mancos Shale formation in Utah after analysis of previous core results.

It hopes the first of the new wells will be under way by the end of 2015. 

Matthew Idiens, chief executive, said:  "The results to date from the Mancos Shale core analysis are in line with our expectations and re-emphasise the prospectivity of this exciting opportunity. 

"Our detailed geological and engineering assessment suggests that targeting the Mancos in the Cisco Dome field will deliver the best results going forward for our shareholders and, given that we would need to re-permit a horizontal well at the State 1-34 location, we plan to target the new location with better well control and excellent surface infrastructure with the gathering system and processing plant nearby.”

Rose said last month that it had halted State 1-34’s attempts to tap into deeper conventional resources.

Today it added that it can no longer use the 1-34 vertical well for the horizontal leg as it would be required to permit a whole new location stepping away and drilling laterally towards the existing well location. 

Now that it has data for the Cisco Dome field, Rose believes that the proposed well location in that area has much stronger success potential.

Core analysis from 1-34 will be combined with log data and mud log data for a comprehensive analysis of the Mancos.

Rose added that it had been made progress on the permits for the six new wells with no red flags from the internal site evaluations.

Quick facts: Zephyr Energy PLC

Price: 0.75 GBX

Market: LSE
Market Cap: £2.15 m

Add related topics to MyProactive

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


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 Zephyr Energy PLC named herein, including the promotion by the Company of Zephyr Energy PLC in any Content on the Site, the Company receives...


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