Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Prospex Oil and Gas ( (GB:PXEN) ) has shared an announcement.
Prospex Energy PLC reported a significant strengthening of its financial position for the year ended 31 December 2024, with a notable reduction in losses and an increase in shareholder equity. The company expanded its portfolio by acquiring a stake in the Viura gas field in Spain and fully acquiring Tarba Energía, enhancing its asset base and production capabilities. Operational highlights include successful drilling at the Viura field and an extension of gas exploitation concessions at El Romeral. The company ended the year debt-free, with a focus on reinvesting for growth and pursuing new opportunities.
More about Prospex Oil and Gas
Prospex Energy PLC is an AIM-quoted investment company focused on European natural gas and electricity. It holds working interests in three producing natural gas fields, two located in Spain and one in Italy, and has expanded its activities into Poland.
Average Trading Volume: 819,904
Technical Sentiment Signal: Strong Sell
Current Market Cap: £20.37M
See more insights into PXEN stock on TipRanks’ Stock Analysis page.