Good morning, Please see below finnCap, Cenkos, Panmure Gordon and Charles Stanley notes out this morning on Rose Petroleum.� This follows Rose’s news out today where its significant resource calculations (709MMBo and 4.26TCF) are supported by positive Mancos Shale Core results.� Additionally, the Company announced a �3.1 million Conditional Placing to develop its US acreage and commence its horizontal drilling programme with added confidence following lengthy analysis of the core results. If you would like to meet with the Company please don’t hesitate to get in touch.

The full press releases are also pasted below. Best regards, Lottie
finnCap - Rose Petroleum^: Fund raise and operational update (BUY) The company has raised �3.1m (before costs) of new equity at 0.3p to fund its future work programme at its US shale assets.

Rose has also provided the core analysis it collected at its State 1-34 well in the Mancos, which is in line with the assumptions made in the CPR.

The company has also re-run its economics at current WTI and Henry Hub prices and it still supports a breakeven oil price of US$17/boe in the Mancos shale. Analyst: Dougie Youngson
Cenkos - Rose Petroleum (ROSE.L, 0.38p, �6m) announced that analysis of the Mancos shale core samples (from the recent 1-34 well) were positive with good TOC and higher porosity than expected.

Consequently, data strongly supports the CPR estimates of prospective resources of 709mmbbls and 4.26tcf (as results exceed the parameters used in CPR).

Permitting underway for 6 wells in the Mancos license areas, with first well likely to spud in 2H’15.

Company also raised �3.1m at 0.3p/sh.

Funds will be used for upcoming well campaign.

Positive Analyst: Ashley Kelty
Panmure Gordon - Rose Petroleum – Mancos Shale Results & Proposed Issue of Equity (ROSE LN, Mkt cap: �5.7m) – Neutral/Negative Core analysis from the State 1-34 well taken within the Mancos shale interval correlate strongly or exceed parameters used by Ryder Scott to calculate the prospective recoverable resources of 709mmbbls and 4.26TcF.

the results provides more confidence in the horizontal well locations with the first well targeting the Mancos Emery formation expected before the end of the year.

The company also announces its intention to raise �3.1m by conditional placement and subscription at 0.3p per share.

Proceeds will be used to develop assets in Utah and working capital.

Rose has a portfolio of potential very scalable assets and the core results provide some confidence there is a path to commercialise.

Funding is the main constraint and with the company subjected to a challenging equity issuance process thanks to media speculation ahead of the raising, the share price has been depressed to levels that, in our opinion, do not remotely reflect the value of the company’s assets. Analyst: Colin Smith
Charley Stanley - Rose Petroleum (ROSE.L) Price: 0.375p / PT: n/a Pending Initiation Our view: Rose announced its intention to raise �3.1 million by way of a conditional placing and subscription of 1,040 million shares at a price of 0.3p/share.

The shares have been conditionally placed with institutional and other investors.

A shareholder meeting will be held on 16 June 2015 to approve the fundraise.

We believe that the fundraise will allow the company to progress exploration in Utah and indicates that the quality of the company’s prospective resources is sufficiently compelling to raise capital in a very difficult market for exploration companies. • The company also announced today the analysis of the cores from the State 1-34 well taken within the Mancos shale (Uinta Basin) matched or exceeded expectations.

The analysis was undertaken by Weatherford and we believe this supports the robustness of the exploration thesis. • As a reminder, Rose Petroleum is assessing the commercial resource potential of shales within two basins located in Utah, USA.

Although we refer to the company as an exploration company it is important to appreciate that we know that the oil and gas are there in the ground, the crux relates to establishing commerciality.

This is quite different from conventional exploration risk. • We believe that the company’s assets have potential to provide attractive economic returns in the current commodity price environment and suggest that the company is one of the more exciting to keep an eye over the course of 2015. Analyst: Brendan Long
[cid:image002.jpg@01D092E1.F3952880] Lottie Brocklehurst St Brides Partners 3 St Michael’s Alley, London, EC3V 9DS www.stbridespartners.co.uk Tel: 0207 236 1177 | Mob: 07917010468 | Twitter: @StBrides1
Rose Petroleum plc (“Rose” or the “Company”) Positive Mancos Shale Core Results Rose Petroleum plc, the AIM-listed (AIM: ROSE) natural resources company, is pleased to provide a positive update on the core analysis results from the State 1-34 well taken within the Mancos Shale interval in the Uinta Basin acreage in Utah. Highlights � Mancos core analysis results correlate strongly or exceed parameters used by Ryder Scott to calculate the Prospective Recoverable Resources of 709MMbbls oil and 4.26 TCF gas � Results provide increased confidence in horizontal well locations following extensive analysis � Permitting process for six new Mancos wells on-going � First horizontal well to target the Mancos Emery formation, the reservoir or “carrier” bed – anticipate spudding of first well before YE2015 � Locating in the Cisco Dome field will offer cost reductions due to existing infrastructure and gathering system for gas sales � Mancos benefits from a low breakeven price Matthew Idiens, Group CEO, commented: “Following extensive analysis of these extremely encouraging core results we are feeling ever more confident of the prospectivity of the Mancos Shale.

Most importantly, overall the results match or exceed the key assumptions and estimates used by Ryder Scott in their resource calculations, thus giving further credence to their significant prospective recoverable resource numbers for the Mancos of 709MMbo and 4.26 TCF gas. “We are now in a position to confidently define our first horizontal well location and with the permitting process underway we are excited about the months ahead as we anticipate spudding our first Mancos Shale well before the year end.” Further information The State 1-34 well was drilled to a total depth of 3,200ft.

The core samples were taken from various locations, mainly targeting the Mancos shale interval which begins with surface exposure and extends to a depth of approximately 1,180 ft in this area.

The additional depth drilled beyond the base of the Mancos was only to test the conventional target (Dakota to Entrada) identified below from 2-D seismic data and confirmed through rotary core samples but, as previously announced, was breached with water when completion was attempted.

However, within the upper levels of the Mancos away from the conventional targets and within the Mancos shale, two whole cores intervals of 60’ and 45’ were taken at depths of 570-630’ and 720-780’.

37 Mancos rotary core samples were recovered with 13 in the conventional section. Core results matched or surpassed Ryder Scott’s parameters for the Mancos Shale resource calculation of 709MMbo and 4.26 TCF gas for key criteria: o TOC (“Total Organic Content”) used by Ryder Scott were 1.5 to 2% the State 1-34 has an average background of 1.5 to 2 % with a 150’ “kitchen” interval in the Ferron member of TOC over 2.75% and up to 4.5% o Potential target reservoir or “carrier” beds identified in the same four Ryder Scott defined Mancos intervals with porosities in the 6-9% range o State 1-34 average porosities 0.5-1% higher than Ryder Scott study (P50 values) o State 1-34 hydrocarbon (oil) saturations both in core and in situ are in line with the Ryder Scott study o Net potential “carrier” beds to Gross ratios are comparable with Ryder Scott o Tmax (Thermal maturity) confirms that the State 1-34 is within the “Intensive Generation Expulsion” window for the Ferron member
Halliburton ran traditional open-hole, dipole sonic and formation imager logs.

Weatherford provided their Well-Site Geological Services including mud logs and its Shale Resource Analysis (“SRA”) with 10’ samples.

In addition to this, three different types of core samples were taken by Weatherford: whole core barrels (with plugs), rotary cores, and chip samples of the end of each 3 ft whole core.

All of these samples were subjected to the same battery of core analysis testing to calibrate results.

TOC, S1 and S2 results all calibrate between the sample points.

This provides Rose with confidence on the accuracy of the results. TOC is the weight percentage of Total Organic Content, S1 represents the volatile hydrocarbon content (moveable) in a sample (mg/g), and S2 is the amount remaining hydrocarbon generative potential and provides the quantity of hydrocarbons that the rock has the potential to produce through continued heat and temperature. In addition, the Tmax (Thermal maturity) shows the 150ft thick high TOC “kitchen” interval in the Ferron formation within the Mancos has kerogen type that has been “cooked” sufficiently over time to be in the oil window.

Directly above the Ferron interval lies a known producing 50ft porous “carrier bed” or reservoir interval, the Mancos Emery formation which is where the Company expects the oil generated in the Ferron to migrate to and will be its initial target formation for a horizontal well.

The analysis also shows open fractures within the cores consistent with the fractures identified in the Halliburton Image/Dipole logs, which were also run, and confirmed the fracture azimuth to be Northwest to Southeast. With the basin dipping North and the fractures running NW/SE, the orientation of the horizontal well location may now be selected with more confidence.

Since permitting the State 1-34 well location, we have acquired the Cisco Dome acreage in a deeper part of the basin and will use existing infrastructure which should offer additional cost reductions and potential to fast track tying into a gathering system for gas sales. Ty Watson (B.S.

Petroleum Engineering), President of Oil & Gas for Rose Petroleum plc, who meets the criteria of a qualified person under the AIM Rules - Note for Mining and Oil & Gas Companies, has reviewed and approved the technical information contained within this announcement. **ENDS** For further information please visit www.rosepetroleum.com or contact: Matthew Idiens (CEO) Rose Petroleum plc Tel: +44 (0) 20 7236 1177 Jeremy Porter Allenby Capital Tel: +44 (0) 20 3328 5656 Alex Price Allenby Capital Tel: +44 (0) 20 3328 5656 Elisabeth Cowell St Brides Partners Ltd Tel: +44 (0) 20 7236 1177 Lottie Brocklehurst St Brides Partners Ltd Tel: +44 (0) 20 7236 1177
About Rose Petroleum Rose Petroleum plc (AIM Ticker: ROSE) is focusing on developing its oil & gas portfolio, while seeking to create value from its existing mining, milling and porphyry copper exploration portfolio. In March 2014, Rose signed a farm-in agreement under which its newly formed subsidiary, Rose Petroleum (Utah) LLC, can earn 75% of certain oil, gas and hydrocarbon leases covering approximately 230,000 acres in Grand and Emery Counties, Utah, USA, within the Paradox and Uinta basins. In May 2014, Rose published the results of its reserve report prepared by Ryder Scott Company on the Mancos and Paradox Oil & Gas Projects.

Un-risked Prospective (Recoverable) Hydrocarbon Resources on a Mean Case basis for the collective total Mancos Shale and Paradox Formation combined was 1,825.07 MMBO (million barrels of oil) and 6,447.87 BCFG (billion cubic feet of gas). In June 2014, the Company successfully raised �6.5m by way of an oversubscribed conditional placing and subscription to develop the Mancos and Paradox assets in Eastern Utah, and the completion of a further �3.5 million fundraise was announced on 5 December 2014. In October 2014, Rose acquired 100% of the assets of a privately owned SEP - Cisco Dome, LLC and various other associated entities for US$1.5 million in cash.

The acquired assets included 11,000.02 gross / 8,250.02 net acres of highly prospective Mancos acreage, a gas compression station and gas processing plant as well as 17 producing wells and 35 shut-in wells. Rose intends to build on these projects to establish a balanced international asset portfolio.

For further information please consult the Companys website: www.rosepetroleum.com
Rose Petroleum plc ("Rose", the "Company" or the “Group”) Fundraising of �3.1m by way of a conditional placing and subscription Development economic update Notice of General Meeting TVR Rose Petroleum plc, the AIM-listed (Ticker: ROSE) natural resources company, is pleased to announce its intention to raise �3.1m by way of a conditional placing and subscription. Summary of the Placing � The Company proposes to raise �3.1m (before expenses) by way of a conditional placing by Allenby Capital Limited (“Allenby Capital”) and a subscription of, in aggregate, 1,040,000,007 new ordinary shares of 0.1 pence each (“Ordinary Shares”) (the “Placing Shares”) at a price of 0.3 pence per share (the “Placing”) � The net proceeds of the Placing will be used to provide funds to develop the Companys assets in eastern Utah and to meet general Group overheads � The Placing Shares have been conditionally placed with institutional and other investors � Subject to approval by shareholders of the authority to allot shares (the "Resolution") at a General Meeting to be held at 10am on 16 June 2015 at the offices of Allenby Capital Limited, 3 St Helen’s Place, London EC3A 6AB (the "GM") and, amongst other things, to admission of the shares to be issued under the Placing to trading on AIM ("Admission").

A notice of GM and circular will be posted to shareholders in the coming days For further information, please contact: Matthew Idiens (CEO) Rose Petroleum plc Tel: +44 (0) 20 7236 1177 Jeremy Porter Allenby Capital Tel: +44 (0) 20 3328 5656 Alex Price Allenby Capital Tel: +44 (0) 20 3328 5656 Elisabeth Cowell St Brides Partners Ltd Tel: +44 (0) 20 7236 1177 Lottie Brocklehurst St Brides Partners Ltd Tel: +44 (0) 20 7236 1177
Placing and subscription of 1,040,000,007 new Ordinary Shares at 0.3 pence (the “Placing Price”) per new Ordinary Share 1.

Introduction The Company proposes to raise �3.1 million (before expenses) through the issue of 1,040,000,007 new Ordinary Shares at 0.3 pence per share.

The Placing Price represents a discount of approximately 14.3 per cent.

to the closing bid-price of 0.35 pence per Ordinary Share on 19 May 2015, being the last dealing day immediately prior to the release of this announcement.

The Placing price was determined by a book-building process carried out by Allenby Capital and having considered the price at which the Ordinary Shares are currently traded, and other market factors, the directors of Rose (the “Directors”) have resolved that the Placing Price is appropriate.

The Placing Shares will represent approximately 41 per cent.

of the Company’s share capital as enlarged by the Placing (“Enlarged Share Capital”). Pursuant to the terms of a placing agreement, Allenby Capital, as agent for the Company, has agreed to use its reasonable endeavours to procure subscribers for the Placing Shares at the Placing Price.

The Placing Agreement is conditional, inter alia, upon the passing of the Resolutions at the GM and Admission becoming effective on or before 8.00 a.m.

on 17 June 2015.

The Placing Agreement contains provisions entitling Allenby Capital to terminate the Placing Agreement at any time prior to Admission in certain circumstances.

If this right is exercised the Placing will not proceed.

The Placing has not been underwritten by Allenby Capital. 2.

Background to and reasons for the Placing The Directors believe that there is currently an opportunity to raise funds from a small number of institutional and other investors rather than by offering all Shareholders the opportunity to acquire further shares and that this opportunity may not be present in the near future given the current uncertain market conditions.

The Directors believe that the additional cost and delay incurred in connection with any such offer would not have been in the best interests of the Company. The Directors are proposing the Placing to provide funds to develop the Companys Mancos and Paradox assets in Eastern Utah, USA and to meet general Group overheads. The Directors believe that the Placing will give the Company sufficient working capital to pursue the planned exploration programme for at least the next six months.

However, exploration costs are difficult to predict and if they prove to be higher than anticipated, or in the event of unforeseen circumstances, further capital may be required. The Directors consider the net proceeds of the Placing are essential in order for the Company to continue with its planned exploration programme. 3.

Core results and prospects Core results The Company has announced the results of its core analysis by way of a separate announcement earlier today. Prospects Subject to the successful completion of the Placing and Admission, the Company anticipates announcing the following developments over the next six months: � results of the Mancos 1-34 well core analysis; � cisco Dome work over/production programme results; � permitting of the six Mancos well locations; � potential Ryder Scott reserve report update; � production updates from mining operations; � drill permits progress; 4.

Development economics update Mancos Based on the production profile and OPEX model for other existing Mancos producing wells in the area, and given the CAPEX requirements of a major development programme, the Directors believe that a breakeven price of US$17/BOE from the Mancos is realistic and achievable. At a price of US$55/BO and US$3.00/MCFG, and based on a US$140m equity investment, the Company estimates the following project economics for the Mancos: � NPV10: US$477m � ROR: 44% � cash flow positive in 2018 The Directors also consider that the robust economics of the Mancos acreage would result in strong economics for the planned single pilot well with individual production facility costs.

At a price of US$60/BO and US$3.50/MCFG, the Company estimates the following ‘single well’ economics: � pilot well CAPEX: US$3.5m � wellhead NPV10: US$1.6m � 20 year gross EUR(BOE):226,000 bbls � pilot wellhead breakeven: US$30/boe Paradox At a price of US$55/BO and US$3.00/MCFG the Company estimates the following economics: � NPV10:US$765Million � ROR:52% � project payout - 5.5years. 5.

Admission and dealings Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM.

It is expected that, subject to approval at the GM, Admission will become effective and that dealings in the Placing Shares on AIM will commence on 17 June 2015. The Placing Shares will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared following Admission. 6.

Total voting rights The Company announces that following Admission its issued share capital will consists of 2,550,185,127 ordinary shares of 0.1p each with one voting right per share.

The Company does not hold any shares in treasury.

Therefore the total number of Ordinary Shares and voting rights will therefore be 2,550,185,127. The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCAs Disclosure and Transparency Rules. 7.

Recommendation The Directors consider that the Placing is in the best interests of the Company and its shareholders as a whole.

Accordingly, the Directors unanimously recommend that shareholders vote in favour of the Resolutions to be proposed at the GM, as they have intend to do in respect of their aggregate interests of 43,279,614 Ordinary Shares (representing approximately 2.87 per cent.

of the Companys current issued Ordinary Shares). 8.

Shareholder circular The circular due to be sent out to Shareholders shortly contains the Notice of GM at which the Resolutions will be proposed for the purposes of implementing the Placing. Copies of the circular will be available, free of charge, at the registered office of the Company and the offices of Allenby Capital Limited, 3 St Helen’s Place, London EC3A 6AB during usual business hours on any weekday (Saturdays, Sundays and public holidays excepted) for one month from the date of this document.

This document will also be available on the Companys website, www.rosepetroleum.com.
[cid:image001.jpg@01D02E6F.A562D670] Elisabeth Cowell St Brides Partners 3 St Michael’s Alley, London, EC3V 9DS www.stbridespartners.co.uk Tel: 0207 236 1177 | Mob: 07900248213 | Twitter: @StBrides1