Rose Petroleum will start drilling the first well at its Mancos site after receiving approval from the State of Utah Department of Oil, Gas and Mining.
The London-listed firm has contracted Hanson Contruction to work on the 1-34 state well in the Cisco State Unit.
Drilling operations are scheduled to begin later this month.
John Blair, director of oil and gas, said: “The approval to begin road and site construction at the location of the 1-34 State well marks the first phase of operations in our Mancos development program.
“Getting the Cisco State Unit formed and our first Mancos well operations underway less than nine months from Rose’s initial acquisition of its Utah assets is a tremendous credit to our operations team and we are eager to commence work.
“We look forward to keeping all stakeholders updated on our future progress at the site.”
The news comes after the company pulled out of licenses in Germany.
The 1-34 statewell is the first Mancos well to be drilled.
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