Prospex Oil and Gas (GB:PXEN) has released an update.
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Prospex Energy PLC is set to begin generating revenues in early December from its Viura-1B development well in northern Spain, following successful drilling and forthcoming flow tests. The company owns a stake in the Viura field through its investment in HEYCO Energy Iberia, and anticipates a significant contribution to its production income. This development aligns with Prospex’s strategy to boost gas production and achieve rapid returns on their investments.
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