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Rose Petroleum Ord 0.1p

16:51 on 20/11/2017

Current Price 3.73p | Bid 3.50p | Ask 4.00p | Change -3.23%

Company Overview

Rose Petroleum plc (formerly VANE Minerals plc) is focusing on developing its oil & gas portfolio, while seeking to create value from its existing mining portfolio. In March 2014, Rose signed a farm-in agreement under which its newly formed subsidiary, Rose Petroleum (Utah) LLC, can earn 75% of certain oil, gas and hydrocarbon leases covering approximately 230,000 net acres in Grand and Emery Counties, Utah, USA, within the Paradox and Uinta basins. In May 2014, Rose published the results of its reserve report prepared by Ryder Scott Company on the Mancos and Paradox Oil & Gas Projects. Unrisked Prospective (Recoverable) Hydrocarbon Resources on a Best Case (P50 equivalent) basis for the collective total Mancos Shale and Paradox Formation combined was 1,452.86 MMBO (million barrels of oil) and 4,791.85 BCFG (billion cubic feet of gas). In June 2014, the Company successfully raised £6.5m by way of an oversubscribed conditional placing and subscription to develop the Mancos and Paradox assets in Eastern Utah, and the completion of a further £3.5m fundraise was announced on 5 December 2014. In October 2014, Rose acquired 100% of the assets of a privately owned SEP - Cisco Dome, LLC and various other associated entities for US$1.5 million in cash. The acquired assets included 11,000.02 gross / 8,250.02 net acres of highly prospective Mancos acreage, a gas compression station and gas processing plant as well as 17 producing wells and 35 shut-in wells. Management intends to build on these projects to establish a balanced international asset portfolio.

Stock Details

ISIN GB00B013M672
Shares in Issue 2,550,185,127
Market cap £ 3.57m
Sector Mining
Indices FTSE AIM All-Share Index

Financial Highlights Year Ended 31/12/2013

Turnover £5.71 million
Operating Profit £-2.87 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -0.31
» More Financials

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Price Summary

Mid Price ? 3.75p
Bid Price ? 3.50p
Ask Price ? 4.00p
Volume ? 98240
Change Today -0.13p
% Change Today -3.23%
Open 3.85p
Previous Close 3.75p
Intraday High 4.00p
Intraday Low 3.73p
52 Week High 0.34p
52 Week Low 0.07p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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