Oil prices cre­ate op­por­tu­ni­ties

Yorkshire Post - Business - - BUSINESS / NEWS -

Up­date:

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.

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