RockRose Energy Plc is pleased to announce the completion of the acquisition of Dyas B.V., a wholly owned subsidiary of SHV Holdings N.V.
The effective date of the Dyas acquisition was 1st January 2018. On this basis pro-forma production for the year to date for the group was circa 11,000 boepd, split equally between oil and gas.
RockRose has cash at bank at completion of $ 111 million of which $ 52.5 million is restricted. The working capital adjustment attributable to the acquisition of Dyas B.V was EUR 77.3 million.
Andrew Austin, Executive Chairman of RockRose Energy said:
"The completion of this acquisition is a major milestone for RockRose as we build a North Sea focused business of size and scale.
The Company continues to review potential acquisitions while maximising opportunities within our existing asset base.”