Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
An announcement from Prospex Oil and Gas ( (GB:PXEN) ) is now available.
Prospex Energy PLC announced that the Spanish Ministry has initiated the Environmental Impact Assessment (EIA) consultation for drilling five new natural gas wells on the El Romeral production concessions, co-owned by Prospex and Warrego Energy. The project aims to boost gas production to full capacity at the El Romeral power plant, combining biogenic gas and solar energy to enhance Europe’s energy security and ecological transition. This development is expected to significantly increase energy supply for local homes and contribute to the expansion of the power plant’s capabilities.
More about Prospex Oil and Gas
Prospex Energy PLC is an AIM quoted investment company focused 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 to identify and de-risk prospects, and scaling up gas production to generate internal revenues for further development and production increase.
YTD Price Performance: 2.05%
Average Trading Volume: 987,215
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £29.99M
See more data about PXEN stock on TipRanks’ Stock Analysis page.
