Grant of permits for Paradox Basin seismic survey
Rose Petroleum, the AIM quoted natural resources business, is delighted to announce that it has now received all necessary final approvals for its 3D seismic survey on its oil and gas exploration acreage in the Paradox Basin, Utah (the “Paradox Acreage”) and the permitting process for the proposed survey is now complete. On 24 July 2017, the Company announced that it had received its final approvals from the Bureau of Land Management (“BLM”), which covers the Federal acreage of the Paradox Acreage. The Company has now received final approval from the Utah School and Institutional Trust Lands Administration (“SITLA”) in respect of the State acreage of the Paradox Acreage. The SITLA approval was the final stage in the overall permitting process. The permits for the seismic survey cover an area of 61 square miles within the Paradox Acreage. Under the terms of the permits, the Company is able to commence operations from 1 September 2017.