On 4 February 2020 RockRose Energy announced that it has signed a Sales and Purchase Agreement to acquire 100% equity of Speedwell Energy (1) Limited which holds 100% interest in the Cotton discovery formerly known as Carna located in licence P2341. RockRose has initially paid a limited consideration but a further payment will be made at the Final Investment Decision (FID). The plan to develop the field includes the drilling of two horizontal development wells which are planned to produce at 12,000 boe/d (70 MMcf/d). Speedwell has prepared a draft Field Development Plan for submission to the OGA.  The field was discovered with well 43/21b-5Z in 2009 encountering a gas column of up to 1,260 ft over six gas sandstone packages. Speedwell estimated the discovery to contain 97 Bcf.  Following completion of the deal interest in P2341 will be held by RockRose Energy Plc.
RockRose Energy announced that it has signed a Sales and Purchase Agreement to acquire 100% equity of Speedwell Energy (1) Limited which holds 100% interest in the Cotton discovery formerly known as Carna located in licence P2341.