RockRose Energy plc: Initial Acquisition and Suspension of Listing

RockRose Energy plc:  Initial Acquisition and Suspension of Listing

RockRose Energy plc (“RockRose”, or the “Company”) is pleased to announce that it has agreed non-binding headline terms and a period of exclusivity from Maersk Oil North Sea UK Ltd (“Maersk”) to acquire its nonoperated interests in the Wytch Farm (7.43%), Scott (5.16%) and Telford (2.36%) fields. Any potential transaction remains subject to contract.

Any transaction would be subject to the agreement of a definitive Sale and Purchase Agreement (“SPA”) with Maersk and the usual regulatory permissions from the Oil and Gas Authority (“OGA”) and partners.

As any transaction would constitute a reverse takeover, the Company has requested that the UK Listing Authority (“UKLA”) suspend the listing of the shares with immediate effect.

A further announcement will be made in due course.

 

SOURCE:  http://ir1.euroinvestor.com/IR/Files/RNSNews/29726085/RockroseEnergyPLC_13448384.pdf

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