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The latest announcement is out from Prospex Oil and Gas ( (GB:PXEN) ).
Prospex Energy plc announced that the workover rig to repair a leak in the completion tubing of the Viura-1B well is operational, with production expected to resume soon. The company is accruing a significant portion of the production income until its capital investment is paid back, indicating a strategic move to enhance its financial returns from the Viura field.
More about Prospex Oil and Gas
Prospex Energy plc is an AIM-quoted company that focuses on European gas and power projects. It owns a stake in the Viura gas field through its ownership in HEYCO Energia Iberia S.L., and is involved in the production and investment in gas fields.
Average Trading Volume: 868,344
Technical Sentiment Signal: Sell
Current Market Cap: £21.74M
For detailed information about PXEN stock, go to TipRanks’ Stock Analysis page.