Prospex Energy plc has more than doubled production and revenue from its producing assets with the start of gas sales from the completed Viura-1B development well in northern Spain. EXPANSION Flow testing is underway at rates of up to 500,000 standard cubic metres per day, (17.7 million standard cubic metres per day), with 72,000 scm/d (2.6 MMscfd) net […]
Tag: revenue
Prospex expects Viura revenue early December
Prospex Energy plc anticipates of flow testing and revenue in early December from the Viura-1B development well in northern Spain. PAYBACK Drilled by partner Heyco Energy Iberia SL (HEI), the well reached its revised targeted total depth of 4,500 metres in October in the 6-inch hole section of the bottom 450m of the well. The […]
Egdon records further rise in revenue
Egdon Resources plc recorded a further increase in revenue and progress across all its offshore and onshore oil and gas assets. WRESSLE The company’s general meeting business report showed unaudited revenue for the five-month period from August to December 2022 of £3.08 million (2021: £2.07m). At the Wressle joint venture (30%) within PEDL180 and PEDL182, […]