Rose Petroleum says that following on from the commencement of operations announcement on 17 December 2014, its wholly owned subsidiary, Rose Petroleum (Utah) LLC, has perforated the first interval of a planned seven interval programme, covering a total of 19 individual potential pay zones in the State 16-42 Paradox well in the Gunnison Valley Federal Unit in Grand County, Utah.

Per the operational plan for the well, each interval, consisting of one or more zones, will be perforated separately and then isolated with retrievable bridge plugs. Once all of the intervals have been perforated and the individual data collected, the retrievable bridge plugs will be removed and the collective intervals will be tested together. The entire completion process for the well is estimated to take the majority of Q1 2015 to finalize, which is in line with our original time table.

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