Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Prospex Oil and Gas ( (GB:PXEN) ) just unveiled an update.
Prospex Energy PLC announced the successful completion of a 3D geophysical acquisition campaign over the Selva Malvezzi production concession in Italy, conducted by Po Valley Operations Pty Limited. This campaign, covering approximately 140 square kilometers, is crucial for refining the joint venture’s four-well development program. The data acquired will undergo processing to create a high-resolution subsurface model, supporting future field development and potential resource upgrades. The completion of this project, ahead of schedule and on budget, highlights Prospex’s operational efficiency and strategic focus on enhancing its asset base in the European gas sector.
More about Prospex Oil and Gas
Prospex Energy PLC is an AIM quoted investment company focused on high-impact onshore and shallow offshore European opportunities with short timelines to production. The company’s strategy involves acquiring undervalued projects with multiple, tangible value trigger points, applying low-cost re-evaluation techniques to identify and de-risk prospects, and rapidly scaling up gas production to generate internal revenues for further asset development.
Average Trading Volume: 926,611
Technical Sentiment Signal: Sell
Current Market Cap: £14.79M
For an in-depth examination of PXEN stock, go to TipRanks’ Overview page.