Last checked at 28 Jul 2016 07:01
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
**ENDS**
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