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 […]
Tag: Tesorillo – Cadiz province
Prospex increases stake in Spanish gas assets
Prospex Energy plc has signed a binding agreement to buy its joint venture partner’s shares in the gas production concessions and exploration permits in Southern Spain. PRODUCTION The company and Warrego Energy Ltd operate through Tarba Energia S.L., with a 49.9 – 50.1% share in the El Romeral production concessions, and associated power plant, near […]
Prospex converts £471,000 CLNs for 11m shares
Prospex Energy plc has received notices to convert £470,840.17 in four convertible loan notes (CLNs) for 11,078,594 new ordinary shares of 0.1p each in the company. The CLNs, issued in July 2022, are convertible at 4.25p per share. Following admission, the company will have 304,835,746 ordinary shares in issue. Prospex holds gas interests in Selva (37%) […]
Prospex partner might exit El Romeral
Prospex Energy plc said its partner could exit their Spanish onshore gas joint venture in a proposed merger with a third company. PROPOSAL Prospex and Warrego Energy Ltd are co-owners in Tarba Energía S.L which owns and operates the El Romeral gas-to-power plant. Tarba also owns related gas concessions near Carmona in Andalucía and the […]