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An announcement from Prospex Oil and Gas ( (GB:PXEN) ) is now available.
Prospex Energy PLC has successfully raised approximately £1.2 million through a combination of Placing, Subscription, WRAP Retail Offer, and Additional Subscription, issuing a total of 26,170,193 new Ordinary Shares. The funds will support the company’s ongoing projects, including the workover of the Viura-1B well in northern Spain, and bolster its cash reserves. The oversubscription of the fundraising efforts reflects strong investor confidence in Prospex’s growth strategy, which aims to position the company as a mid-tier energy producer in Europe.
More about Prospex Oil and Gas
Prospex Energy PLC is an investment company focused on European gas and power projects. The company is involved in developing a portfolio of producing European assets and aims to expand its operations by adding new wells and entering new jurisdictions.
Average Trading Volume: 1,069,723
Technical Sentiment Signal: Sell
Current Market Cap: £18.92M
See more data about PXEN stock on TipRanks’ Stock Analysis page.