RockRose Energy plc (LSE:RRE) signed a non-binding headline terms and a period of exclusivity to acquire non-operated 7.43% Interests in Wytch Farm, 5.16% in Scott and 2.36% in Telford from Maersk Oil North Sea UK Limited on September 14, 2016. RockRose Energy plc (LSE:RRE) signed an agreement to acquire non-operated 7.43% Interests in Wytch Farm, 5.16% in Scott and 2.36% in Telford from Maersk Oil North Sea UK Limited on December 22, 2016. RockRose Energy has sufficient cash resources to complete the acquisition given its existing cash balances and completion payments. As of March 22, 2017, RockRose Energy has been informed that multiple partners in Wytch Farm (7.43%) have exercised their pre-emption rights on that asset. The consideration for the interests in Scott and Telford consists of a payment of £14.5 million plus working capital adjustments. The transaction is subject to definitive agreement and regulatory permissions from the Oil and Gas Authority and partners. The deal is subject to third party consents. On June 15, 2017, Oil & Gas Authority have approved the transaction. The transaction is expected in the coming weeks. Macquarie Capital (Europe) Limited acted as broker to RockRose Energy plc. Giles Fitzpatrick and Andrew Chubb from Hannam & Partners LLP acted as broker to RockRose Energy plc. Camarco acted as public relation advisor for RockRose Energy plc. RockRose Energy plc (LSE:RRE) cancelled the acquisition of non-operated 5.16% in Scott and 2.36% in Telford from Maersk Oil North Sea UK Limited on January 26, 2018. Rockrose has withdrawn from the negotiations with Maersk Oil North Sea UK Limited as the gaining of partner consent would have required material changes to the terms of the agreement which would have made it unattractive to the shareholders.