Tuesday 2 October 2018

RockRose Energy Plc announced the completion of the acquisition of Dyas B.V., a wholly owned subsidiary of SHV Holdings N.V.

The effective date of the Dyas acquisition was 1st January 2018. On this basis pro-forma production for the year to date for the group was circa 11,000 boepd, split equally between oil and gas.

RockRose has cash at bank at completion of $111 million of which $52.5 million is restricted. The working capital adjustment attributable to the acquisition of Dyas B.V was EUR77.3 million.