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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 | 4.49 | -21.11% | ― | -12.15% | -200.00% | |
53 Neutral | £11.93M | 6.01 | -16.91% | ― | -29.63% | -427.78% | |
49 Neutral | £12.87M | -9.82 | -26.63% | ― | ― | 27.27% | |
44 Neutral | £8.50M | -2.30 | -5.14% | ― | ― | ― | |
42 Neutral | £17.58M | -26.01 | 0.21% | ― | ― | ― |
Prospex Oil and Gas Corporate Events
Prospex Energy PLC has converted £152,515.07 of a January 2026 convertible loan note into 5,083,836 new ordinary shares at 3p per share, reflecting ongoing use of equity-linked financing to support its European gas and power investment strategy. This conversion modestly dilutes existing shareholders but strengthens the balance sheet by reducing debt, with total shares in issue rising from 428,710,121 to 433,793,957, a new base for calculating major shareholding disclosures under FCA transparency rules.
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, an AIM-listed oil and gas investment company focused on European gas and power projects, targets undervalued onshore and shallow offshore assets that can be brought to production quickly. The group aims to use low-cost re-evaluation techniques to de-risk prospects and reinvest internally generated cash flow to expand its production base.
The company reported that its £1.6 million unsecured convertible loan note fundraising has been oversubscribed following strong investor demand. Management indicated that investors can still apply for a pro rata allocation before today’s deadline and that the board may increase the total size of the offering, underscoring market support for Prospex’s growth plans and capital strategy.
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’s new CEO, Tom Reynolds, has outlined an investment strategy centered on real, inflation-resistant gas and power assets in Europe, emphasising value accretion per share and European resource sovereignty. The company plans to expand a portfolio of cash-flowing assets capable of supporting distributions and reinvestment, while maintaining flexibility through its status as an AIM-listed investing company.
Reynolds confirmed the company will seek to complete its ongoing £1.6 million convertible loan note raise to fund capex aimed at protecting and growing existing asset value, with revised conversion timing for new subscriptions. He also flagged a greater use of asset-level farm-ins and co-investors to minimise new equity issues and improve capital efficiency for shareholders.
Operationally, Prospex highlighted three producing assets in Italy and Spain, where higher European gas prices are expected to boost cash flow and underpin work programmes. At Viura in Spain and Selva Malvezzi in Italy, partners are conducting production trials and planning exploration and reservoir studies, while at El Romeral, production has resumed and a five-well drilling programme is awaiting permits amid early farm-in interest.
On the exploration front, Prospex retains interests in suspended Spanish licences at Tesorillo and Ruedalabola, where further activity depends on regulatory approval. In parallel, it is progressing licence applications for two onshore Polish areas, San and Dunajec, marking a strategic move into a third European jurisdiction with supportive regulation and a mature service sector.
Reynolds positioned Prospex as being on a strong growth trajectory, citing significant gas reserves relative to its size, a stable production base and a robust pipeline of new wells and European expansion opportunities. To improve engagement and transparency, the company will host quarterly shareholder events, including at least two in-person meetings, with the first detailed update scheduled via an Investor Meet Company presentation on 26 March 2026.
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 restarted electricity generation at the El Romeral gas-to-power plant in Andalucía, Spain, through its wholly owned subsidiary Tarba Energía. Operations resumed after the installation and testing of a rental transformer, which will remain in place until a new Spanish-built transformer is delivered.
The restart restores revenue from electricity sales and allows Tarba to optimise production in line with Spanish power market conditions. Newly appointed CEO Tom Reynolds is prioritising engagement with regulators on permits for a planned well programme at Romeral, positioning the asset for further development and potential value growth for stakeholders.
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 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.