Top Page
Prospex Oil and Gas
(LSE:PXEN)
Prospex Oil and Gas (PXEN) vs. iShares MSCI United Kingdom ETF (EWC)
Prospex Oil and Gas Business Overview & Revenue Model
Prospex Oil and Gas Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 243.59K | 0.00 | 50.27K | -839.00K | 2.38M | -1.76M |
| Net Income | 48.26K | -46.76K | -1.23M | 7.14M | 2.26M | -1.81M |
Balance Sheet | ||||||
| Total Assets | 26.52M | 25.76M | 21.80M | 23.06M | 8.98M | 5.75M |
| Cash, Cash Equivalents and Short-Term Investments | 147.23K | 1.19M | 3.29K | 1.48M | 220.06K | 220.62K |
| Total Debt | 0.00 | 0.00 | 168.49K | 2.61M | 388.20K | 867.57K |
| Total Liabilities | 992.70K | 1.17M | 1.22M | 3.91M | 481.49K | 1.03M |
| Stockholders Equity | 25.53M | 24.59M | 20.58M | 19.15M | 8.50M | 4.72M |
Cash Flow | ||||||
| Free Cash Flow | -4.11K | -2.61M | -1.16M | -4.24M | -1.05M | -1.16M |
| Operating Cash Flow | -4.11K | -2.61M | -1.16M | -4.24M | -1.05M | -1.16M |
| Investing Cash Flow | 57.00 | -6.33K | -161.43K | -122.00 | -106.72K | -51.66K |
| Financing Cash Flow | 4.25M | 3.79M | -156.44K | 5.50M | 1.05M | 1.31M |
Prospex Oil and Gas Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | £11.97M | -1.14 | -21.11% | ― | -12.15% | -200.00% | |
53 Neutral | £11.93M | -2.68 | -16.91% | ― | -29.63% | -427.78% | |
49 Neutral | £15.80M | -17.39 | ― | ― | ― | 27.27% | |
44 Neutral | £9.04M | -2.80 | -5.14% | ― | ― | ― | |
42 Neutral | £12.86M | 300.00 | 0.21% | ― | ― | ― |
Prospex Oil and Gas Corporate Events
Prospex Energy has reported ongoing stable production and solid cash generation from the Podere Maiar-1 gas well within the Selva Malvezzi concession in Italy, with Q4 2025 gross output of 6.97 MMscm (2.58 MMscm net to Prospex) and €0.85 million of revenue net to the company, even as gas prices eased over the year. Cumulative gross production since first gas in July 2023 has reached around 95% of the field’s certified proved reserves, underscoring the asset’s strong performance and reinforcing its role as a key cash engine for Prospex. Alongside current output, operator Po Valley Energy has completed a 3D geophysical survey over roughly 140 sq km on time and under budget, work that is expected to deliver a high-resolution subsurface model to guide future field development and potential resource upgrades. The joint venture is now prioritising a four-well development programme at Casale Guida 1d, Ronchi 1d, Selva Malvezzi 1d and Bagnarola 1d, with the Environmental Impact Assessment being updated to reflect ministry recommendations and expanded project scope, positioning Selva Malvezzi for a possible next phase of growth and production expansion once regulatory approvals are secured.
The most recent analyst rating on (GB:PXEN) stock is a Sell with a £3.00 price target. To see the full list of analyst forecasts on Prospex Oil and Gas stock, see the GB:PXEN Stock Forecast page.
Prospex Energy has secured a rental transformer for its El Romeral gas-to-power plant in southern Spain, allowing electricity generation and sales to resume by the end of January 2026 after a prolonged outage linked to the failure of a previous rental arrangement. To obtain the new unit, Tarba waived a €76,000 compensation claim for lost production against the former rental supplier, prioritising a rapid restart to monetise remaining gas reserves by targeting high-priced overnight hours in Spain’s increasingly volatile spot power market; this should restore cash flow from an asset the company describes as having substantial development potential. In parallel, permitting is in the final stages for five new low-risk natural gas wells on the El Romeral concessions, which together hold more than 90 bcf of gas resources; just two of the planned wells could fill the plant to full capacity, with additional gas potentially underpinning future plant expansion and direct gas sales to the grid, thereby strengthening Prospex’s growth profile and role as a hybrid gas-and-solar power provider in Europe’s energy transition.
The most recent analyst rating on (GB:PXEN) stock is a Sell with a £3.00 price target. To see the full list of analyst forecasts on Prospex Oil and Gas stock, see the GB:PXEN Stock Forecast page.
Prospex Energy PLC has completed a £1.35 million fundraising through unsecured Convertible Loan Notes, with proceeds already used to meet its 37% share of the 3D seismic acquisition at the Selva Malvezzi concession in Italy and to clear outstanding obligations at its Viura interest in Spain. The notes, carrying 12% annual interest and convertible at 3p per share, also fund upgrades at the El Romeral power plant and support broader capital expenditure, strengthening Prospex’s balance of growth funding and production-backed cash flow; director participation has been treated as a related-party transaction, with the company’s nominated adviser deeming the terms fair and reasonable for shareholders.
The most recent analyst rating on (GB:PXEN) stock is a Hold with a £2.50 price target. To see the full list of analyst forecasts on Prospex Oil and Gas stock, see the GB:PXEN Stock Forecast page.
Prospex Energy has secured committed subscriptions of about £1 million towards its planned £1.6 million issuance of unsecured Convertible Loan Notes and extended the offer period to 16 January 2026, with the notes carrying a 12% annual coupon, a 3p conversion price and staged principal repayments through mid-2028. The company plans to use the net proceeds primarily to fund capital expenditure across its European gas assets, including £800,000 for development at Italy’s Selva Malvezzi concession, £300,000 for a new transformer at Spain’s El Romeral power plant, and settlement of a prior cash call at the Viura project, while signalling confidence that forecast higher gas production will support loan repayments; Chairman Bill Smith’s increased and partially fee-funded participation, cleared as fair and reasonable by the company’s nominated adviser, further underscores board backing for the financing.
The most recent analyst rating on (GB:PXEN) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Prospex Oil and Gas stock, see the GB:PXEN Stock Forecast page.
Prospex Energy has announced the retirement of CEO Mark Routh and the appointment of Tom Reynolds as its new chief executive and board director, effective by 1 February 2026, with Routh supporting a short transition period. Reynolds, a seasoned energy-sector executive with prior leadership roles at Scirocco Energy and Bridge Energy and current non-executive duties at Zephyr Energy, will receive a remuneration package that includes salary, equity, a signing bonus via convertible loan notes, and nil-cost options tied to a future liquidity event, underscoring the Board’s drive to align management incentives with long-term value creation. Alongside the leadership change, Prospex confirmed that its previously announced up to £1.6 million convertible loan note offering remains open, signaling the company’s ongoing efforts to strengthen its capital base as it seeks to grow its European gas and power asset portfolio and deliver increased returns for shareholders.
The most recent analyst rating on (GB:PXEN) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Prospex Oil and Gas stock, see the GB:PXEN Stock Forecast page.
Prospex Energy has raised £565,000 through the issue of unsecured convertible loan notes and is opening the offering to existing shareholders and qualified investors to increase the total subscription to up to £1.6 million. The notes, which pay 12% annual interest and are convertible at 3p per share with staged capital repayments by mid-2028, will primarily finance the company’s 37% share of 3D seismic costs at the Selva Malvezzi gas concession in Italy, a new transformer for the El Romeral power plant in southern Spain, and the previously deferred £200,000 cash call on the Viura asset in northern Spain. With directors and a major partner, HEYCO Energy Group, participating in the issue, the funding is intended to support Prospex’s growth-focused capital expenditure while production income continues to cover operating expenses, underscoring management’s confidence in the long‑term value potential of its European gas and power portfolio.
Prospex Energy PLC announced the successful completion of a 3D geophysical acquisition campaign over the Selva Malvezzi production concession in Italy, conducted by Po Valley Operations Pty Limited. This campaign, covering approximately 140 square kilometers, is crucial for refining the joint venture’s four-well development program. The data acquired will undergo processing to create a high-resolution subsurface model, supporting future field development and potential resource upgrades. The completion of this project, ahead of schedule and on budget, highlights Prospex’s operational efficiency and strategic focus on enhancing its asset base in the European gas sector.
Prospex Energy PLC has made significant financial strides in 2025, investing £3.763 million in its assets, primarily funded through internal resources and equity raises. The company has expanded its holdings, including full ownership of the El Romeral power plant and further investments in the Viura gas field. With ongoing projects in Italy and new ventures in Poland, Prospex aims to capitalize on the growing European gas market, while planning to finance future capital expenditures through various means to enhance shareholder value.
Prospex Energy PLC has announced an operational update for the Viura gas field in northern Spain, where it holds a 7.24% interest. The field is producing gas at a steady rate of over 190,000 standard cubic meters per day, with a reduced water production due to recent well improvements. This performance supports the company’s view of Viura as a strong asset. The operator is reprocessing 3D seismic data to optimize the structural model, aiming to secure a debt facility for future development wells scheduled for late 2026 or early 2027. This update underscores Prospex’s strategic focus on enhancing its energy portfolio and securing financial backing for further development.
Prospex Energy PLC has announced significant progress in the Selva Malvezzi production concession in Italy, where a 3D seismic survey is underway to enhance geological understanding and optimize future drilling targets. The PM-1 well continues to perform robustly, producing 61 million scm of natural gas since July 2023, and recent operational improvements, including noise reduction measures and vegetation screening, have strengthened community relations.
Prospex Energy PLC has completed the statutory Environmental Impact Assessment (EIA) consultation process for drilling five new natural gas wells on the El Romeral concessions in Spain, with no objections from 29 statutory consultees. The Ministry for the Ecological Transition and the Demographic Challenge in Madrid (MITECO) now has the full EIA documentation to assess, with a timeline of 90-180 days for final approval. This development is crucial for Prospex, as the El Romeral power plant will reach full output capacity from the production of just two of the proposed wells, supporting expansion plans and the ability to supply natural gas directly to the gas grid.