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RRR - Red Rock Resources News Story

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Basic Materials
Micro Cap
Market Cap £10.4m
Enterprise Value £10.5m
Revenue £n/a
Position in Universe 1593rd / 1821

Red Rock Resources - Shoats Creek Update

Thu 28th July, 2016 7:03am
RNS Number : 4597F
Red Rock Resources plc
28 July 2016

28 July 2016

Red Rock Resources plc

("Red Rock" or the "Company")

Update on Shoats Creek

Red Rock Resources Plc ("Red Rock" or the "Company"), the natural resource investment and development company, is pleased to announce the following development at the Shoats Creek Field in Beauregard Parish, Louisiana ('Shoats Creek'):

It was today announced that Shoats Creek Development Inc ('SCDI'), the operator at Shoats Creek, and a subsidiary of Northcote Energy Limited ("Northcote") has agreed a contract with a subsidiary of Enerfin Resources Company, Enerfin Field Services LLC ('Enerfin') to sell natural gas from Shoats Creek with a primary term of three years.

The announcement refers to Lutcher Moore #14 as being the first well to be tied in to the natural gas line. However the gas contract will also support tie in from the Lutcher Moore #20 in which Red Rock has a 20 per cent interest. At this stage no tie in to Lutcher Moore #20 has been planned, but a further announcement will be made to update the market in due course.

The information contained within this announcement is deemed to constitute inside information under the Market Abuse Regulations (EU) No 596/2014


For Further Information Contact:

Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990 Director Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited

Jason Robertson 0129 351 7744 Broker Dowgate Capital Stockbrokers Ltd

This information is provided by RNS
The company news service from the London Stock Exchange
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