Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/rose-petroleum-gets-hydrocarbon-licence-in-the-wei.shtmlRose Petroleum gets hydrocarbon licence in the Weiden Basin, Germany
Rose Petroleum plc (Rose) is pleased to announce the grant to Rose of a new concession covering circa 657,000 acres
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Rose Petroleum plc (Rose) is pleased to announce the grant to Rose of a new concession covering circa 657,000 acres (2,662.4 km2) in the Weiden Basin, located in the State of Bavaria, south-east Germany, for hydrocarbonexploration (the “Licence”).
The Licence commences on 1 February 2014 for an initial period of three years. The terms of the Licence obligates Rose to carry out a programme of works over a three year period to include 2D seismic andgeophysical measurements designed to create a geological model of the licence area at an estimated cost of approximately €900,000.
The Licence represents the third licence granted to Rose following the recent acquisition of two licences (Konstanz and Beiberach) in southwestern Germany covering approximately 635,000 acres.
