Rose Petroleum is making with its initial phase of development in both the Paradox and Mancos project areas and that these are proceeding very much in accordance with Rose's development plan.

Paradox Operations

The final design of a 61 square mile 3D seismic survey has been completed and Dawson Geophysical Company has been awarded the acquisition phase of the seismic programme. The Notice of Intent for the 3D has been filed with the Bureau of Land Management (BLM) and the permitting process is underway.

The completion design of the 16-42 Shut in Paradox well in the Gunnison Valley Unit is being finalised and contractors are being secured for the completion of this well, which is anticipated to take place in Q4 this year.

Tags: Rose Petroleum plc