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RockRose Energy acquires Maersk Oil assets

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Oilfield Technology,

RockRose Energy plc has announced 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.

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Adapted from a press release by Louise Mulhall

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