Rose yesterday published its full-year 2019 results and provided notice of its 29th July 2020 AGM, at which it proposes to change the Group’s name to Zephyr Energy plc (‘Zephyr’).
This completes a rebranding exercise following a transformative 2019, as a result of which the Group now presents itself as a low-overhead, unlevered and value-focused vehicle with a management team equipped to deliver on its ambitious objectives.
Post-year-end, Rose successfully extended its option to acquire a working interest in the 317-acre Denver-Julesburg Basin (‘DJ Basin’) McCoy lease(the ‘Acquisition’), while also recognising the recent energy market turmoil is presenting it with ‘multiple attractive’ investment opportunities in search of which it is now engaged with both industry and financial partners to identify value targets which might be added to its portfolio.
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