The latest update is out from Prospex Oil and Gas ( (GB:PXEN) ).
Prospex Energy PLC has completed the acquisition of Tarba Energía, securing a 100% indirect working interest in the El Romeral asset and associated exploration permits in southern Spain. This acquisition, funded by existing capital resources, is expected to enhance production and revenue once drilling permits are approved. The move aligns with Prospex’s strategy to acquire undervalued projects and expand its European gas investments. Additionally, the company has appointed Richard Jameson as Chief Operating Officer to support its growing portfolio, signaling a strategic strengthening of its management team.
More about Prospex Oil and Gas
Prospex Energy PLC is an AIM-quoted company focused on investing in European gas and power projects. The company is involved in the oil and gas sector, with a particular emphasis on gas production and power generation in Europe. Prospex Energy’s primary assets include production concessions and exploration permits in southern Spain, as well as interests in gas fields in northern Spain and Italy.
YTD Price Performance: -17.12%
Average Trading Volume: 851,803
Technical Sentiment Signal: Buy
Current Market Cap: £24.55M
See more data about PXEN stock on TipRanks’ Stock Analysis page.