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Prospex Oil and Gas ( (GB:PXEN) ) has shared an announcement.
Prospex Energy PLC reported operational updates for its key assets, including the Viura gas field, Selva Malvezzi production concession, and El Romeral power plant. At the Viura field, a delay in production resumption is expected due to the need for a coil-tubing unit from Poland to clear a blockage. The Selva Malvezzi concession is on track for field activities in October 2025, with steady production reported from the PM-1 well. Environmental Impact Assessment revisions are underway to address regional concerns. The El Romeral power plant faces production delays due to transformer replacement issues, with compensation being received for lost production. Prospex is also pursuing new investment opportunities in Poland.
More about Prospex Oil and Gas
Prospex Energy PLC is an AIM-quoted company focused on investing in European gas and power projects. Its primary assets include the Viura gas field in northern Spain, the El Romeral power plant in southern Spain, and the Selva Malvezzi production concession in northern Italy. The company is committed to investing in onshore natural gas projects across Europe, with a strategy to deliver long-term value for shareholders.
Average Trading Volume: 989,080
Technical Sentiment Signal: Sell
Current Market Cap: £18.01M
See more insights into PXEN stock on TipRanks’ Stock Analysis page.