An update from Prospex Oil and Gas ( (GB:PXEN) ) is now available.
Prospex Energy PLC has announced the public gazetting of the Environmental Impact Assessment consultation for drilling five new natural gas wells at the El Romeral production concessions in Spain. This marks a significant step in the regulatory process, allowing stakeholders to address environmental concerns. The project aims to increase natural gas production, enhance the El Romeral power plant’s capacity, and contribute to Europe’s energy security with a minimal carbon footprint. The company is preparing for drilling activities and anticipates regulatory approval within the next six months.
More about Prospex Oil and Gas
Prospex Energy PLC is an AIM-quoted investment company primarily focused on high impact onshore and shallow offshore European gas and power projects. The company’s strategy involves acquiring undervalued projects with potential for rapid production and applying low-cost re-evaluation techniques to enhance prospects and increase production. Prospex co-owns the El Romeral gas and power project in Spain through Tarba, which also integrates solar energy into its operations.
YTD Price Performance: 1.37%
Average Trading Volume: 1,011,203
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £29.59M
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