Prospex Energy plc has accepted the formal award of the San and Dunajec gas and oil onshore licences in southern Poland. SAN-DUNAJEC The company said that the formal award to its wholly owned local subsidiary PXEN Tatra Sp z.o.o., for a €289,000 fee, is expected to complete during April-May 2026. Prospex plans to establish a […]
Tag: Prospex Energy plc
Prospex raises £2m from CLN
Prospex Energy plc has raised £2 million through its unsecured convertible loan notes, including £653,950 from an extended offering. GAS The overall figure is 25% greater than the initial target of £1.6m, due to strong demand. Net proceeds will support the company’s onshore gas projects, including expenditure in Italy and Spain. The company said its […]
Prospex CLNs reach £1.3m
Prospex Energy plc said it had received committed subscriptions totalling £1,346,050 for the offering of its unsecured convertible loan notes, each of £1 and convertible at three pence. DIRECTORS’ DEALINGS The overall proceeds will mainly fund the company’s 37% share of 3D seismic acquisition, completed in December 2025, at the Selva Malvezzi concession, in the […]
Prospex CLN subscriptions reach £1m
Prospex Energy plc has to date received £985,000 committed subscriptions, of a targeted £1.6 million, for its offering of its unsecured convertible loan notes. DIRECTOR DEALINGS The figure includes the £565,000 from 22 December 2025. The company said it had extended the offering until 16 January 2026. The unsecured CLN, each of £1 and due […]
Prospex CEO retires
Prospex Energy plc chief executive officer and director Mark Routh will retire from the end of January. Mr Routh, who took up the post in July 2021, will be replaced by former CEO of Scirocco Energy plc, Tom Reynolds, with effect from no later than 1 February 2026. Prospex said: “The board is very grateful […]
Prospex raises £565,000
Prospex Energy plc has issued £565,000 in unsecured convertible loan notes to existing and new investors, including the company’s directors, as part of a proposed fundraise of up to £1.6 million. DIRECTORS’ DEALINGS Directors who participated in the 19 December fundraise include non-executive chairman Bill Smith for £25,000, independent non-executive director Alasdair Buchanan, £25,000; chief […]