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The latest announcement is out from Prospex Oil and Gas ( (GB:PXEN) ).
Prospex Energy PLC has reported consistent gas production from the Podere Maiar-1 well in the Selva Malvezzi Production Concession in Italy, contributing to strong operating cash flows. The company transitioned to a new gas sales agreement with Hera Trading starting October 2025. Additionally, Prospex is advancing its development plans for four new wells and a 3D geophysical survey, with permitting processes nearing completion. These developments are expected to enhance Prospex’s operational capabilities and market positioning in the European gas sector.
More about Prospex Oil and Gas
Prospex Energy PLC is an AIM-quoted investment company focused on high-impact onshore and shallow offshore European opportunities with short timelines to production. The company aims to acquire undervalued projects with multiple value trigger points, applying low-cost re-evaluation techniques to de-risk prospects and rapidly scale up gas production to generate internal revenues.
Average Trading Volume: 842,071
Technical Sentiment Signal: Sell
Current Market Cap: £18.43M
For a thorough assessment of PXEN stock, go to TipRanks’ Stock Analysis page.