Rose Petroleum plc provides an operational update on activities within its US onshore oil and gas division which is made up of a 75% working interest in over 250,000 gross acres in the highly prospective Uinta and Paradox Basins in Utah.
State 1-34 Mancos Well, Uinta Basin, Utah
•Completion rig now mobilised to verify the commerciality of the potential conventional hydrocarbon discovery identified below the Mancos Shale formation
•Preliminary side wall core analyses have been received from Weatherford confirming expectations regarding lithology and porosity
•Production tests on multiple intervals will follow and, subject to successful testing, the Company plans to hook-up to a production facility to commence production
•The analytical work on the whole cores recovered from the primary Mancos Shale formation is expected to be completed in Q2 2015
◦Data will be used to orient the direction of a horizontal lateral well in the Mancos and to optimise fracture stimulation design of the horizontal wellbore