Prospex Energy plc has signed a binding agreement to buy its joint venture partner’s shares in the gas production concessions and exploration permits in Southern Spain. PRODUCTION The company and Warrego Energy Ltd operate through Tarba Energia S.L., with a 49.9 – 50.1% share in the El Romeral production concessions, and associated power plant, near […]
Tag: El Romeral – Carmona – Andalucía
Prospex issues 4.4m share options
Prospex Energy plc has granted a total 4.4 million share options in the company, at 6.4p per share representing a 9.4% premium, to directors and management. EXPIRY The new options awarded represent 1.09% of the total issued share capital of the company as on 2 October 2024. The total options now awarded to directors and […]
Prospex raises £859,323 via wrap retail offer
Prospex Energy plc has raised £859,323.60 via a “significantly oversubscribed” wrap retail offer for 14,322,060 new ordinary share at an issue price of 6 pence per share. The proceeds add to the placing and subscription earlier this week, taking the total raised to approximately £4.2 million. Following admission of the placing, subscription and wrap retail […]
Prospex secures 10 more years for El Romeral
Prospex Energy plc has secured a 10-year extension to the El Romeral natural gas production joint venture near Carmona east of Seville in Spain. CAMPAIGN The company has a 49.9% working interest and Warrego Energy Ltd has 50.1% in the El Romeral power plant, operated by Tarba Energia S.L to generate electricity. Warrego is now […]
Swing to a loss still leaves Prospex on ‘sound footing’
Prospex Energy plc’s swing to a loss has failed to dent its optimism with the start of gas production in the Po Valley and approvals pending for more wells in Italy and Spain. FINANCES Half-year results to 30 June showed £888,473 loss after taxation from operations (H1 2022: profit £5,120,408). The figures includes unrealised losses of […]
Prospex converts £471,000 CLNs for 11m shares
Prospex Energy plc has received notices to convert £470,840.17 in four convertible loan notes (CLNs) for 11,078,594 new ordinary shares of 0.1p each in the company. The CLNs, issued in July 2022, are convertible at 4.25p per share. Following admission, the company will have 304,835,746 ordinary shares in issue. Prospex holds gas interests in Selva (37%) […]