Prospex Energy plc said that the Viura-1B development well had exceeded expectations with good gas shows and several potential reservoirs at the onshore field in northern Spain. INSPIRATIONAL Drilling began in June, reaching the new target total depth of 4,500 metres, approximately 4,100m true vertical depth, on 21 October. The well had encountered the main […]
Tag: Heyco Energy Iberia (HEI)
Viura-1B initial drill results exceed expectations
Prospex Energy plc reported “better than expected” preliminary results from drilling the Viura-1B development well in northern Spain. GAS SHOWS Drilling began on 22 June and has reached the reservoir with operations due to begin appraisal of a deeper section of the well. The company said that deeper appraisal could “significantly” increase revenues and create […]
Prospex completes acquisition in Viura field
Prospex Energy plc has completed a 7.5% acquisition of Heyco Energy Iberia S.L., the majority owner of the Viura onshore gas field in northern Spain. VIURA 1B The purchase completed on 19 August 2024 follows a £4.2 million fundraise earlier in the month. Viura has estimated gross remaining reserves are 90 bcf (2.5 bcm), of […]
Prospex raises £3.34m for stake in Viura
Prospex Energy plc has raised £3.34 million to acquire up to a 10% indirect interest in the Viura producing gas field in northern Spain. HEYCO The company’s original placing and subscription was of 54.5m new ordinary shares of 0.1p, at 6 pence per share. The placing increased from 47.5m new ordinary shares announced yesterday to […]