RockRose Energy plc Completion of Dyas Acquisition (6132C)
October 02 2018 - 2:01AM
UK Regulatory
TIDMRRE
RNS Number : 6132C
RockRose Energy plc
02 October 2018
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS DEEMED BY THE
COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU
MARKET ABUSE REGULATION (596/2014). UPON PUBLICATION OF THE
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION
IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
RockRose Energy plc
("RockRose", the "Group" or the "Company")
Completion of Dyas Acquisition
RockRose Energy Plc is pleased to announce the completion of the
acquisition of Dyas B.V., a wholly owned subsidiary of SHV Holdings
N.V.
The effective date of the Dyas acquisition was 1st January 2018.
On this basis pro-forma production for the year to date for the
group was circa 11,000 boepd, split equally between oil and
gas.
RockRose has cash at bank at completion of $ 111 million of
which $ 52.5 million is restricted. The working capital adjustment
attributable to the acquisition of Dyas B.V was EUR 77.3
million.
Andrew Austin, Executive Chairman of RockRose Energy said:
"The completion of this acquisition is a major milestone for
RockRose as we build a North Sea focused business of size and
scale.
The Company continues to review potential acquisitions while
maximising opportunities within our existing asset base."
End
The person who arranged for the release of this announcement on
behalf of the Company was Andrew Austin, Executive Chairman.
Enquiries:
Rockrose Energy plc +44 (0)20 3826 4800
Financial Adviser and Joint Broker:
Hannam & Partners (Advisory) LLP
Giles Fitzpatrick / Andrew Chubb +44 (0)20 7907 8500
Joint Broker:
Cantor Fitzgerald
Nick Tulloch / Gregor Paterson +44 (0)131 257 4634
Financial PR:
Celicourt
Mark Antelme / Henry Lerwill +44 (0)20 7520 9261
For further information, please visit the Company's website at
www.rockroseenergy.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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