Prospex Oil and Gas Plc (PXOG.L) Announced that it has been advised by the operator, Raffles Energy SRL, that the National Agency for Mineral Resources (NAMR) has granted an enlargement of the Exploration Area of the EIV-1 Suceava Concession, North East Romania. The additional area awarded covers a new gas prospect that is similar to the Bainet discovery which Raffles and Prospex successfully drilled in November 2017 and started production in September 2018. Prospex's wholly-owned subsidiary, PXOG Massey Limited holds a 50.0% non-operated interest in the now enlarged 984.00 sq km Concession.
RNS Number: 5241 S Prospex Oil and Gas PLC 12 March 2019. Placing to Raise £800,000 and Appointment of Joint Broker. Prospex Oil and Gas Plc, the AIM quoted investment company, is pleased to announce that it has raised £800,000 gross via an oversubscribed placing of 400,000,000 new ordinary shares of £0.001 each in the Company at a price of 0.2 pence per Placing...
RNS Number: 5236 S Prospex Oil and Gas PLC 12 March 2019 Prospex Oil and Gas Plc/ Index: AIM/ Epic: PXOG/ Sector: Oil and Gas. Prospex Oil and Gas Plc. New Gas Prospect Added to Portfolio Following Enlargement of Suceava Concession, Romania.
United Oil & Gas/Prospex Oil & Gas Good news from these two companies yesterday as they announced a new CPR for the Selva field in Italy which gives United, after recent positive announcements, net 2P reserves attributable to them of 2.7 BCF. For Prospex it is a net 2P number of 2.26 BCF and production is expected to start in 2020 at a gross rate of up to 150/- cubic metres per day.
Prospex Oil and Gas Plc (PXOG.L) Announced gross gas reserves of 13.30 bcf for the Selva Malvezzi Gas Field (Selva) in northern Italy, representing the first reserves for Prospex. This follows the successful drilling and testing of the Podere Maiar 1 well in 2018 which informed a reclassification of previously reported gross contingent resources by independent geophysical services consultancy, CGG Services (UK) Limited (CGG) via a Competent Persons Report (CPR) for the co-venturers in Selva. Selva sits within the 331.00km� Podere Gallina Exploration Permit (Podere Gallina) in the Po Valley region of Italy. The company holds a 17.0% interest in Podere Gallina, equating to net 2P reserves attributable to the company of 2.26 bcf for Selva.
RNS Number: 3106 P Prospex Oil and Gas PLC 07 February 2019 Prospex Oil and Gas Plc/ Index: AIM/ Epic: PXOG/ Sector: Oil and Gas. �Gross 2 P reserves of 13.3 billion cubic feet assigned to Selva Gas Field in northern Italy by independent geophysical services consultancy, CGG, representing the Company's maiden reserves via its 17% interest. Prospex Oil and Gas Plc, the AIM...
Edward Dawson, CEO and Managing Director of Prospex Oil and Gas #PXOG joined Vox Markets for a Q&A session. Watch the video here >
Prospex Oil and Gas Plc Preliminary approval of production concession application, onshore Italy. Further to the announcement of 29 May 2018, Prospex Oil and Gas Plc, the AIM quoted investment company, is pleased to announce that it has been advised by the operator, Po Valley Operations Limited, that the production concession application to develop the Selva...
Prospex Oil and Gas Plc (PXOG.L) Announced that it has exercised its option to increase its interest in the Tesorillo Project in southern Spain to 15% from 2.5%. The exercise is in line with the company's strategy to expose shareholders to onshore and shallow offshore European opportunities with short timelines to production. Tesorillo covers 38,000ha in a proven hydrocarbon region and contains a known gas discovery, which a Competent Person's Report undertaken by Netherland Sewell and Associates (NSAI) in 2015 estimated could hold gross unrisked Prospective Resources of 830 billion cubic feet of gas (Best Estimate), with upside in excess of 2 Tcf.
Prospex Oil and Gas Plc Increases interest in proven gas project in southern Spain to 15%. �Acquiring a further 12.5% interest Tesorillo Project for a net consideration of €153,250. Prospex Oil and Gas Plc, the AIM quoted investment company, is pleased to announce it has exercised its option to increase its interest in the Tesorillo Project in southern Spain...
�Proceeds to help fund 2019 development costs at the Selva gas discovery on the Podere Gallina Permit, Italy. �This debt financing follows first gas production in Romania in September 2018, which has opened up non-equity funding to the Company. The proceeds of the Loan Notes will be used to fund the Company's share of the budgeted early stage development costs at...
Take a look at my latest company update at the recent Momentus event. It can be found on the bottom right corner of the website under the \'Video\' section.
Prospex Oil and Gas Plc (PXOG.L) Announced in its interim results for the six months ended 30 June 2018, that the other income for the period was �0.5 million. The company’s loss before tax stood at �0.5 million compared to a profit of �2.8 million reported in the previous year. The basic loss per share stood at 0.04p compared to loss of 0.70p in the previous year. The company’s cash and cash equivalents stood at �0.5 million (Interim date 2017: �0.9 million). Further, the company announced that it has been advised by the operator, Raffles Energy S.R.L, that first gas production has commenced from the Bainet gas field in the Exploration Area of the EIV-1 Suceava Concession, North East Romania. The company wholly-owned subsidiary PXOG Massey Limited holds a 50.0% non-operated interest in the 980 sq. km Concession.
Prospex Oil & Gas plc is an AIM-quoted Oil & Gas investment company, which is building a sizable oil and gas investment portfolio, focusing on high impact, onshore and shallow, offshore European opportunities located in working hydrocarbon systems. With a growing portfolio of interests and an expert management team in place, which has a proven track record of generating significant value in the sector, Prospex is well positioned to become a European focused oil and gas player.
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