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RRE Rockrose Energy Plc

1,848.00
0.00 (0.00%)
15 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rockrose Energy Plc LSE:RRE London Ordinary Share GB00BYNFCH09 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,848.00 1,848.00 1,850.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

RockRose Energy Completes Acquisition of North Sea Interests

10/10/2018 10:06am

Dow Jones News


Rockrose Energy (LSE:RRE)
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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.

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