Rose Petroleum gets approval for Paradox seismic survey

Natural resources business Rose Petroleum responded to a recent surge in its share price on Monday, confirming that it was receiving approval to conduct its seismic survey at the Paradox Basin in Utah.

The AIM-traded company said that, following the completion of the public comment period it was confirmed that no further public comments were received on the environmental assessment, and the Bureau of Land Management confirmed through its website that it had now finalised the EA along with a “finding of no significant impact” and Decision Record.

It said the bureau had approved the Notice of Intent for Rose to conduct the seismic survey.

Rose did not that formal, final permit was still to be received.

“Following the exhaustive permitting process we are delighted to have received this approval from the BLM which is a pivotal moment for the company,” said CEO Matthew Idiens.