RockRose has signed to acquire the share capital of Speedwell Energy (1) Ltd, sole holder of the Cotton gasfield off Scarborough, SNS, for a limited initial consideration. Cotton (ex-Carna, 43/21b-5Z, 2009) is thought home to 97 Bcf (16.7 MMboe), potential peak up to 70 MMcf/d (12,000 boe/d) from 2 horiz wells. An FDP is ready for submission to the OGA.
RockRose has signed to acquire the share capital of Speedwell Energy, sole holder of the Cotton (P2341) gasfield off Scarborough.