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 […]
Tag: El Romeral – Carmona – Andalucía
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 […]
Prospex completes 100% acquisition of Tarba
Prospex Energy plc has secured 100% ownership of the El Romeral concession following the completed acquisition of its joint venture partner in Tarba Energia S.L. COMPANY MOVES The company and Warrego Energy Ltd previously operated through Tarba with a 49.9 and 50.1% share. In addition to the project located near Carmona in Southern Spain, Tarba […]
Prospex posts rise in gas production-revenues
Prospex Energy plc reported a 187% increase in net production to 70,000 standard cubic metres per day, and in net revenues helped by price rises, from its natural gas investments onshore Spain and Italy. VIURA The Viura field located in La Rioja, northern Spain averaged 217,000 scm/d for February to March 2025, net to Prospex […]