Rose Petroleum has made the final payment of US$500,000 to Rockies Standard Oil Company regarding the acquisition of a 75% working interest in acreage in the Uinta Basin and Paradox Basin, as announced on 17 March 2014. This payment is the final instalment of the total US$2.0m consideration due.

Directorate Change

Following six years as Chairman of the company, the Rt Hon Earl of Kilmorey PC, will be retiring and is stepping down from the Board of Directors at the end of the year. The Board wish to record their appreciation for his invaluable contribution to the Company.

Tags: Rose Petroleum plc