Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from Prospex Oil and Gas ( (GB:PXEN) ).
Prospex Energy Plc reported its unaudited interim results for the first half of 2025, highlighting no health or environmental incidents and a steady income from its Selva Malvezzi investment. The company increased its stake in Tarba Energía S.L. to 100% and made significant investments in the Viura asset. Despite a 34% reduction in losses compared to the previous year, Prospex experienced temporary production interruptions at Viura and El Romeral. However, these assets are expected to perform better with permits in place for new wells. The company remains free of secured debt and has sufficient funds to continue operations, with a focus on converting resources into proven reserves to enhance shareholder value.
More about Prospex Oil and Gas
Prospex Energy Plc is an AIM-quoted investment company in the energy sector, focusing on natural gas production. The company operates primarily in Italy and Spain, with key investments in the Selva Malvezzi and Viura gas fields, emphasizing energy security and indigenous gas production.
Average Trading Volume: 856,722
Technical Sentiment Signal: Sell
Current Market Cap: £20.79M
For an in-depth examination of PXEN stock, go to TipRanks’ Overview page.