Source - RNS
RNS Number : 8019J
RockRose Energy plc
14 September 2016
 

14th September 2016

 

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 non-operated 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.

 

Ends

 

Enquiries:

RockRose Energy plc

 

 

+44 (0)20 3826 4800

 

Broker

Macquarie Capital (Europe) Limited

 

 

+44 (0)20 3037 2000

 

Financial PR

Camarco

 

 

+44 (0) 20 3757 4980

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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