The Company has been building a balanced North American asset portfolio, which fully utilises its ambitious and talented team of both industry and financial experts.

2013

  • Raised capital to pursue new oil & gas assets
  • Appointed new management and technical team

2014

  • Acquired three oil & gas licences in Germany
  • Acquired a right to earn a 75% working interest in 230,000 net acre oil & gas project in Utah, USA, split between two basins, Mancos (Uinta) and Paradox
  • Acquired Cisco Dome gas project and infrastructure to accompany and support the Mancos acreage
  • Commenced permitting for 3D seismic shoot in Paradox
  • Signed option and JV agreement on Tango Porphyry Copper and Molybdenum targets

2015

  • Undertook small work over programme on existing 16-42 well in Paradox acreage to potentially test upper levels - halted due to technical complications down hole
  • Tested low capex Mancos acreage by drilling new 1-34 well - results provided encouraging core results but insufficient pressure due to shallow depth and excess water for commercial development

2016

  • Permitting 61 square mile 3D seismic shoot in Paradox Basin
  • Relinquished Mancos acreage, including Cisco Dome, to focus on more prospective Paradox acreage
  • Earth Source LLC invested US$1.2m in Rose to pursue opportunities in Cuba
  • Agreement with Burdett Gold LLC on Ardent Porphyry copper

2017

  • Signed MoU to dispose of SDA Mill for US$1.5m total consideration
  • Permits granted for 3D seismic shoot in Paradox Basin
  • Engaged Technical team with significant basin specific experience
  • Optimised 3D seismic shoot to 40sq mile area
  • Successful fund Raise completed for 3D seismic shoot in Paradox Basin
  • Commence 40 sq mile 3D seismic shoot in Paradox Basin

The Future

Achieving
core milestones

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