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.