Picture of Red Rock Resources logo

RRR Red Rock Resources News Story

0.000.00%
gb flag iconLast trade - 00:00
Basic MaterialsHighly SpeculativeMicro CapValue Trap

REG - Red Rock Resources - Operations Update <Origin Href="QuoteRef">RRR.L</Origin>

RNS Number : 0188G
Red Rock Resources plc
17 November 2015

Red Rock Resources Plc

("Red Rock" or the "Company")

Operations Update

17 November 2015

Shoats Creek - USA

Further to the announcement of 28th October 2015, Red Rock Resources plc awaits final documentation for the transaction. Further details will be announced as appropriate.

Mid Migori Mining - Kenya

Further to the announcements of 7th May 2015 and 27th May 2015, Red Rock announces that the scheduled hearing took place in the judicial review proceedings filed by the Company as ex parte applicant to protect its license interests, at which orders of prohibition, certiorari and mandamus were being sought.

At the hearing, the Company sought judgement on the application. The government respondents had not filed either a replying affidavit or any pleadings and sought additional time to comply with the Court's directions. This was granted by the Court, a new timetable was set, and the matter is now scheduled for a hearing on 27th January, 2016.

Andrew Bell, Chairman, states: "Final details surrounding the option agreement at Shoat's Creek remain in progress with completion considered imminent. The Company remains in discussions with parties related to the project regarding additional opportunities in the region and looks forward to the start of work on the two wells currently agreed in order to complete the transition of the Company to a revenue-generating oil producer.

In Kenya, the Company continues to feel confident in the strength of its case, and regrets the inordinate delays caused by the continuing failure to challenge its application.

We will continue to update investors as appropriate."

For further information, please contact:

Andrew Bell 0207 747 9990 or 0776 647 4849 Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990Executive Director Red Rock Resources

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

Jason Robertson 0129 351 7744 Broker Dowgate Capital Stockbrokers Ltd.

Christian Pickel 0203 128 8817 Media Relations MHP Communications


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

Recent news on Red Rock Resources

See all news