Prospex Oil and Gas (GB:PXEN) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Prospex Energy PLC, an AIM-listed investment company in the energy sector, has reported a self-funded first half with no debt, significant operational advancements, and a strategic acquisition. The company has made progress by acquiring a stake in the Viura gas field in Spain, raising funds through a share issue, and extending their gas exploitation concessions, positioning them for further growth. Despite a reported loss, Prospex’s operational efficiency and expansion in onshore gas production in Italy and Spain demonstrate a consolidation of their position in the European market.
For further insights into GB:PXEN stock, check out TipRanks’ Stock Analysis page.
