Prospex Oil and Gas (GB:PXEN) has released an update.
Prospex Energy PLC has reported strong performance from its Selva Malvezzi Production Concession in Italy, with the Podere Maiar-1 well maintaining consistent gas production and achieving increased revenues in Q3 2024. The company highlighted a significant rise in the average gas sales price and announced progress on drilling applications for four new wells. Additionally, environmental approvals for a 3D geophysical survey have been secured, positioning Prospex for further growth in the European gas market.
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