Prospex Energy plc has secured the formal award of the San onshore gas licence in Poland, which expands its footprint into a third European country.
CONFIDENT
The company said the process continued for the formal award of the Dunajec licence.
Prospex aims to attract joint venture partners to both licences, which are located in southern Poland with “proven gas production and associated infrastructure”.
Chef executive officer Tom Reynolds added: “San and Dunjac are located in one of the most prolific gas regions in Poland and we are confident that our team’s knowledge and experience coupled with the benefit of modern exploration and development techniques will enable us to unlock strategic energy resources at a time of rising market demand in Europe.”
Prospex’s other onshore gas interests are in Italy and Spain.