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Rose Petroleum gets hydrocarbon licence in the Weiden Basin, Germany


Published Feb 3, 2014
Rose Petroleum plc

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.

Tags: Rose Petroleum plc




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