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Prospex Oil and Gas ( (GB:PXEN) ) has provided an announcement.
Prospex Energy PLC has announced that its ‘WRAP’ Retail Offer remains open for subscription at 4.5 pence per share until the end of the day. The proceeds from this offer will be utilized to fund the Viura-1B well in northern Spain, resume production at the Viura field, and prepare for the 2026 drilling campaign. This initiative is part of Prospex’s broader strategy to bolster its development efforts and sustain its growth trajectory, with the support of its shareholders.
More about Prospex Oil and Gas
Prospex Energy PLC is an investment company focused on European gas and power projects. It primarily engages in the development and management of natural gas investments, with a strategic focus on enhancing its operational capabilities and expanding its market presence in the energy sector.
Average Trading Volume: 1,024,061
Technical Sentiment Signal: Sell
Current Market Cap: £18.52M
See more data about PXEN stock on TipRanks’ Stock Analysis page.