Rose Petroleum PLC (LON:ROSE) CEO Matt Idiens talks with DirectorsTalk about the bigger picture. Matt explains what the proceeds of the £1m raised will be used for, updates us on the assets in Mexico, longer term goals, how the Gypsum project is developing and provides more insight into Rose’s assets in the US.
In the interim results published last month Rose Petroleum Plc said: The operational focus of the next period will be threefold. Firstly, we will be driving forward the permitting process for the 3D seismic survey at the Paradox Basin with the shoot expected to happen in H2 2017. Secondly, and as a direct result of the improving gold price, we hope to complete joint venture arrangements on gold projects in Mexico which will enable us to optimise our SDA mill and which would create cashflows to fund other activities in the Group. Thirdly, we will continue to wholeheartedly pursue the Cuban gypsum project which, if secured, would add an exciting and potentially lucrative dimension to the Group.
