ROSE – Cantor Fitzgerald to assist assessment of funding options for the drilling of first wells

19 June, 2018 – Rose Petroleum plc (AIM: ROSE), the AIM quoted natural resources business, is pleased to announce the appointment of Cantor Fitzgerald Europe (“Cantor Fitzgerald”) as financial adviser and joint broker to the Company with immediate effect. Allenby Capital will remain as the Company’s AIM Nominated Adviser and Turner Pope Investments remains as a joint broker.
 
Matthew Idiens, Chief Executive Officer of Rose Petroleum, said:
 
“We are delighted to announce the appointment of Cantor Fitzgerald as financial adviser and joint broker at this transformational time for the Company.
 
“We believe that the global financial reach and extensive oil and gas sector experience of Cantor Fitzgerald will be hugely beneficial to the Company as it looks to make the shift from oil explorer to oil producer.
 
“The primary task for Cantor Fitzgerald in its capacity as financial adviser will be to assist the Company in assessing the potential funding options for the drilling of the Company’s first wells at our flagship project in the Paradox Basin, Utah, U.S.A. At the appropriate time, the firm’s work will be valuable in assisting in the assessment of any potential additional projects.
 
“We are very much looking forward to working closely with the Cantor Fitzgerald team at this exciting time for the Company.”
 
Full announcement at http://rosepetroleum.com