Prospex Oil and Gas (GB:PXEN) has released an update.
Prospex Energy PLC, an AIM-listed investment company in the energy sector, has reported a self-funded first half with no debt, significant operational advancements, and a strategic acquisition. The company has made progress by acquiring a stake in the Viura gas field in Spain, raising funds through a share issue, and extending their gas exploitation concessions, positioning them for further growth. Despite a reported loss, Prospex’s operational efficiency and expansion in onshore gas production in Italy and Spain demonstrate a consolidation of their position in the European market.
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