Rose Petroleum (ROSE) has had a rather interesting year so far in bringing in new capital and senior management. RNS statements caused real concern earlier this year, as Tom noted. What caught my eye was just how close the company came to having David Sefton and James Berwick sat on the board. As Tom discusses today, given what has happened at Anglo African Oil and Gas (AAOG) it is perhaps very fortunate for Rose shareholders this plan fell apart!
On 11 April Rose Petroleum (ROSE) announced that Mr Robert Bensh was buying £275,000 of shares in the company at 1.1p to take a 14% stake and would become chairman with immediate effect. Er….
Rose Petroleum (ROSE) has updated the market with news of a £0.275 million fundraise at 1.1p per share from Robert Bensh and that Bensh has joined as Executive Chairman…this is a surprise but a welcome one.
Rose Petroleum (ROSE) has updated including that obtaining a farm-in / funding commitment for its Paradox Basin, USA acreage on appropriate terms is taking longer than anticipated, but also proposed new board appointees “acutely aware that time is of the essence and look forward to updating shareholders in the very near future”…
Rose Petroleum (ROSE) “is pleased to announce” successful participation in a Bureau of Land Management Utah lease sale – acquiring a 75% working interest in an additional 1,260 net acres immediately adjoining its Gunnison Valley Unit acreage in the Paradox Basin, USA…
Rose Petroleum (ROSE) has updated on a ‘Fracture Characterisation Study’ undertaken by Schlumberger, including that “it reinforces the assessment of the Clastic 21 reservoir as a naturally fractured reservoir and illustrates the value of drilling the 22-1 well”…
Rose Petroleum (ROSE) is “pleased” to have agreed a revised operations plan – this allowing it to drill its highest-ranked target first…
Half-year results from Rose Petroleum (ROSE) saw it concluding “the board is looking ahead with confidence and is excited about the group moving from being an oil explorer to an oil producer in the next quarter”. The shares responded higher, but at still little more than a £5 million market cap we see much more excitement to come…
A colleague of Chris Eadie's came to see me in Bristol a few months ago arriving by motorbike. But Mr Eadie also explains the new Rose Petroleum (ROSE) case well.
Every piece of Turkish has its day and shares in dog with fleas Rose Petroleum (ROSE) jumped yesterday prompting a statement from the company that is truly laughable.






