RockRose announced the acquisition of 100% of the 97bcf (16mmboe) Cotton gas field in the UK Southern Gas Basin, from private company Speedwell Energy, for a nominal upfront consideration. This gives RRE the opportunity to do some detailed technical work and assess the economics given the current low gas price environment, without any significant financial commitment. A larger, undisclosed consideration is payable upon a positive final investment decision. The acquisition gives RRE a ~20% boost ....
05 Feb 2020
Low-cost Cotton gas field acquisition provides long-term growth optionality
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Low-cost Cotton gas field acquisition provides long-term growth optionality
Rockrose Energy (RRE:LON) | 0 0 0.0%
- Published:
05 Feb 2020 -
Author:
Anish Kapadia | Jay Ashfield | Hamish Clegg -
Pages:
5
RockRose announced the acquisition of 100% of the 97bcf (16mmboe) Cotton gas field in the UK Southern Gas Basin, from private company Speedwell Energy, for a nominal upfront consideration. This gives RRE the opportunity to do some detailed technical work and assess the economics given the current low gas price environment, without any significant financial commitment. A larger, undisclosed consideration is payable upon a positive final investment decision. The acquisition gives RRE a ~20% boost ....