Viaro Investment Ltd has bid to acquire RockRose Energy for GBÂ£ 247.6 million (US$ 309 million). Viaro Investment subsidiary Viaro Energy Ltd intends to purchase the entire issued and to be issued ordinary share capital in RockRose, under the deal announced on 6 July 2020 and expected to conclude in August 2020. The transaction is subject to 75% shareholder approval with 35.3% of RockRose's shareholding (mainly board members and senior management) already committed to the sale. RockRose currently holds 31 UK licences (six operated) and partner share in 37 Dutch blocks, produced nearly 20,000 bo/d in 2019, and had 60.8 MMboe 2P reserves at year-end. As previously reported, RockRose purchased Idemitsu Petroleum UK, Sojitz Energy Project, and Egerton Energy Ventures in 2017, acquired Dyas BV (13 MMboe developed reserves and 5,000 boe/d production) for â¬107 million (US$ 125 million) in 2018, bought Marathon Oilâs UK exploration and production assets (28.4 MMboe 2P reserves and 11,000 boe/d production) for US$ 95 million in 2019, but terminated an attempted takeover of Independent Oil and Gas Plc (IOG) in April 2019. 
Viaro Investment Ltd has bid to acquire RockRose Energy for GBÂ£ 247.6 million (US$ 309 million). Viaro Investment subsidiary Viaro Energy Ltd intends to purchase the entire issued and to be issued ordinary share capital in RockRose, under the deal announced on 6 July 2020 and expected to conclude in August 2020. The transaction is subject to 75% shareholder approval with 35.3% of RockRose's shareholding (mainly board members and senior management) already committed to the sale. RockRose currently holds 31 UK licences (six operated) and partner share in 37 Dutch blocks, produced nearly 20,000 bo/d in 2019, and had 60.8 MMboe 2P reserves at year-end.