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Prospex Oil and Gas ( (GB:PXEN) ) has issued an announcement.
Prospex Energy PLC has successfully concluded an oversubscribed placing and subscription, raising £1,031,650 through the issuance of 22,925,555 new ordinary shares. The funds will be used for the Viura-1B well workover and the 2026 drilling campaign, enhancing the company’s operational capabilities and potentially strengthening its market position.
More about Prospex Oil and Gas
Prospex Energy PLC operates in the oil and gas sector, focusing on energy production and exploration activities.
Average Trading Volume: 972,065
Technical Sentiment Signal: Sell
Current Market Cap: £19.12M
Learn more about PXEN stock on TipRanks’ Stock Analysis page.