Finance News Oil & Gas

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 […]

News Oil & Gas

Europa granted more time for Cloughton well

Europa Oil & Gas (Holdings) plc has been granted a further two years to gather seismic data and drill an appraisal well at its operated Cloughton gas discovery in Scarborough, North Yorkshire. IMPACT The 40% licence owner estimates that the field, within PEDL343, holds Pmean gross gas initially in place volumes of 192 billion cubic […]