RockRose Energy Completes Acquisition of North Sea Interests
October 10 2018 - 5:06AM
Dow Jones News
By Oliver Griffin
RockRose Energy PLC (RRE.LN) said Wednesday that it has
completed the acquisition of a 20.4% interest in blocks 23/11a,
23/16b and 23/16c in the North Sea, which contain the Arran
field.
The oil-and-gas company said that a final investment decision
has been made to develop the Arran field and that Royal Dutch Shell
PLC (RDSB.LN) has become the operator of the Arran project.
The company also said drilling at an infill well within A18
field started on Oct. 9 and is expected to take approximately 40
days to drill and complete, at a net cost of 2.1 million euros
($2.4 million) which is funded from existing cash flow.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
October 10, 2018 04:51 ET (08:51 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Rockrose Energy (LSE:RRE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Rockrose Energy (LSE:RRE)
Historical Stock Chart
From Apr 2023 to Apr 2024
