RNS Number: 4129 D Prospex Oil and Gas PLC 26 June 2019 Prospex Oil and Gas Plc/ Index: AIM/ Epic: PXOG/ Sector: Oil and Gas. Prospex Oil and Gas Plc Bainet-2 Spudding. Prospex Non-Executive Chairman, Bill Smith, said, "Bainet West was only added to our inventory of prospects in Romania in March 2019 following the Concession's enlargement, so the commencement of drilling a...
Prospex Oil and Gas Plc (PXOG.L) Announced, in its final results for year ended 31 December 2018, that operating loss fell to £1.0 million from £2.5 million reported in the same period last year. The company’s profit before tax stood at £0.8 million compared to a loss of £3.2 million reported in the previous year. The basic earnings per share stood at 0.065p compared to loss of 0.580p in the previous year. The company’s cash and cash equivalents stood at £0.2 million (2017: £0.9 million).
Prospex Oil and Gas Plc, the AIM quoted investment company, is pleased to announce its Final Results for the year ended 31 December 2018. The Company also gives notice that its Annual General Meeting will be held at the offices of Charles Russell Speechlys, 5 Fleet Place, London, EC4M 7 RD at 9 a.m. on 4 July 2019. ·EIV-1 Suceava Concession, onshore Romania:.
Prospex Oil and Gas Plc (PXOG.L) Announced that it has been informed by the operator, Raffles Energy S.R.L., that all relevant permits are in place to drill the Bainet West prospect on the Exploration Area of the EIV-1 Suceava Concession, North East Romania. Further, the civil engineering works at the drilling site has been started with the aim to allow on-site mobilisation of the drilling contractor in the second half of June. Subsequent drilling operations at Bainet West are expected to commence around end-June or earlyJuly. The company's wholly-owned subsidiary, PXOG Massey Limited, holds a 50% non-operated interest in the 984 sq km Concession.
RNS Number: 2211 A Prospex Oil and Gas PLC 28 May 2019 Prospex Oil and Gas Plc/ Index: AIM/ Epic: PXOG/ Sector: Oil and Gas. Prospex Oil and Gas Plc Onshore Romania- New Exploration Well Update. Prospex Oil and Gas Plc, the AIM quoted investment company, has been advised by the operator, Raffles Energy S.R.L., that all relevant permits are now in place to drill the Bainet West...
Prospex Oil and Gas (PXOG.L) 0.22p £2.5m Operator, Po Valley Energy Limited, has informed its partners of a substantial upgrade to the resource estimate for the Podere Gallina Exploration Permit and specifically the Selva gas field resources in the Po Valley region of Italy to 14.1bcf contingent resources ('2C') and 91.5bcf prospective resources (best estimate). Previously gross resources for Podere Gallina stood at zero 2C resources and 52.7bcf prospective resources, alongside 13.3bcf of 2P reserves. Upgraded resources are in addition to gross 2P reserves of 13.3 bcf already assigned to Selva by CGG Prospex's 17% interest equates to 2P reserves of 2.26 bcf; 2C resources of 2.40 bcf; and prospective resources of 15.56 bcf net to Prospex - providing significant asset backing Prospex's 17% interest equates to 2P reserves of 2.26 bcf; 2C resources of 2.40 bcf; and prospective resources of 15.56 bcf net to Prospex - providing significant asset backing Production at Selva remains on course to commence in 2020 at a gross rate of up to 150,000 cubic metres per day
Prospex Oil and Gas Plc (PXOG.L) Announced that Po Valley Energy Limited (Po Valley) has revealed a substantial upgrade to the resource estimate for the Podere Gallina Exploration Permit (Podere Gallina), and specifically the Selva gas field resources in the Po Valley region of Italy to 14.1bcf contingent resources (2C) and 91.5bcf prospective resources (best estimate). Previously gross resources for Podere Gallina stood at zero 2C resources and 52.7bcf prospective resources, alongside 13.3bcf of 2P reserves. The resource upgrade for the Podere Gallina licence area has been validated by independent sub-surface technical services consultancy, CGG Services (UK) Limited, via an updated Competent Persons Report.
RNS Number: 2132 X Prospex Oil and Gas PLC 26 April 2019 Prospex Oil and Gas Plc/ Index: AIM/ Epic: PXOG/ Sector: Oil and Gas. Prospex Oil and Gas Plc Resource upgrade at Podere Gallina investment and Selva gas field. Prospex Oil and Gas Plc, the AIM quoted investment company, is pleased to announce that operator, Po Valley Energy Limited, has informed its partners of a...
RNS Number: 5064 U Prospex Oil and Gas PLC 29 March 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
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.
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Company Profile

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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26 Dover Street
London
W1S 4LY
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