Cooley advised RockRose Energy on the deal
The acquisition will be funded by existing cash and will add 13 million barrels of oil equivalent net developed reserves and more than 5,000 barrels of oil equivalent per day. There will be a significant working capital adjustment at the completion of the deal.
Rockrose Energy PLC operates as an investment company. The Company, led by Andrew Philip Austin focuses on the acquisition, investment, and development of onshore and offshore oil and gas, as well as conventional and unconventional production assets. In 2017 Rockrose Energy recorded £74 Million Incomes.
Cooley advised RockRose with a team including Ed Lukins (Picture), Edward Dyson, Natasha Kaye, Reshma David and Oliver McGlashan.
Law Firms: Cooley LLP;
Clients: RockRose Energy Plc;