Press

RockRose Energy - Completion of Dyas Acquisition

Posted by OilVoice Press - OilVoice

03-Oct-2018


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.”  



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RockRose EnergyDyasSHV HoldingsAcquisition

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