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: Viura gas field – northern Spain
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 […]
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 £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 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 […]