Completion of Acquisition

Published on: July 1, 2019

RockRose, the independent oil and gas company, is pleased to announce that it has now completed the acquisition of 100% of Marathon Oil U.K. LLC (“MOUK”) and 100% of Marathon Oil West of Shetland Limited (“MOWOS”) from subsidiaries of Marathon Oil Corporation (“Marathon Oil”) (the “Acquisition”). The $95 million payable by RockRose to Marathon Oil in connection with the Acquisition was funded through existing resources and facilities.

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