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Prospex Oil and Gas ( (GB:PXEN) ) has issued an announcement.
Prospex Energy PLC announced the public gazetting of the Statutory Environmental Impact Assessment consultation for drilling five new natural gas wells at the El Romeral Production Concessions. This step engages citizens and stakeholders, addressing environmental impacts and advancing the application process. The El Romeral asset, co-owned with Warrego Energy Limited, currently operates at 30% capacity and aims to reach full capacity with new wells, enhancing Europe’s energy security with a reduced carbon footprint compared to imported gas.
More about Prospex Oil and Gas
Prospex Energy PLC is an AIM quoted investment company that focuses on high-impact onshore and shallow offshore European opportunities with short timelines to production. The company’s strategy involves acquiring undervalued projects with multiple, tangible value trigger points, applying low-cost re-evaluation techniques, and rapidly scaling up gas production to generate internal revenues for further asset development.
YTD Price Performance: 1.37%
Average Trading Volume: 1,011,203
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £29.59M
For a thorough assessment of PXEN stock, go to TipRanks’ Stock Analysis page.
