TIDMROSE

RNS Number : 3300R

Rose Petroleum PLC

14 June 2018

14 June 2018

Rose Petroleum plc

("Rose", the "Company" or the "Group")

Holding in Company

Rose Petroleum plc (AIM: ROSE), the AIM quoted natural resources business, was informed on 13 June 2018 that Flute Investments Limited now has a total interest in 5,942,419 ordinary shares of 0.1p each in the Company, equivalent to 4.1% of the Company's issued ordinary share capital.

Enquiries:

 
                         Rose Petroleum plc        Tel: +44 (0) 20 7225 
                                                    4595 
 Matthew Idiens (CEO)                               Tel: +44 (0) 20 7225 
  Chris Eadie (CFO)                                 4599 
 Jeremy Porter / James   Allenby Capital           Tel: +44 (0) 20 3328 
  Reeve / Liz Kirchner    Limited                   5656 
 Andy Thacker            Turner Pope Investments   Tel: +44 (0)20 3621 
                                                    4120

Media enquiries:

 
                 Allerton Communications   Tel: +44 (0) 20 3633 1730 
 Peter Curtain                              peter.curtain@allertoncomms.co.uk

Notes to editors

Rose Petroleum plc (http://rosepetroleum.com) is a North America-focused oil and gas company whose primary asset is approximately 80,000 acres in the oil and gas producing Paradox Basin in Utah, U.S.A., where it is earning into a 75% working interest. Using high-quality data gathered in a 3D seismic survey completed in October 2017, the Company has identified drilling locations in naturally fractured areas of the Paradox clastics formation with the intention of commencing a drilling programme in H2 2018, once necessary permits and funding have been secured.

The Company's established management is supported by an expert technical team with extensive experience of the basin, where current operations nearby have proven successful, with significant initial production rates and low decline rates, offering strong economics even in the present oil price environment.

The Company's strategy is to grow both organically and through acquisition, identifying additional hydrocarbon assets, conventional or unconventional, that would benefit from the Company's fast-acting, entrepreneurial approach.

Rose Petroleum has been quoted on AIM since June 2004.

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.

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