Oil prices create opportunities
RockRose Energy said lower oil prices are presenting further acquisition opportunities as it updated the market on production. The company said production from its current portfolio for 2019 remains between 10,000 and 12,000 barrels of oil equivalent per day.
“The recent decline in the oil price, combined with the strength of our balance sheet and absence of any debt, potentially presents further value accretive acquisition opportunities for RockRose,” executive chairman Andrew
Austin said in a statement issued yesterday.