Prospex Energy plc has raised a total of approximately £1.2 million from a WRAP retail offer and last week’s placing and subscription. TVRs Proceeds will go towards workover of the Viura-1B well in northern Spain. The company will issue 3,044,638 new ordinary shares at the issue price of 4.5 pence per share in relation to […]
Tag: Viura gas field – northern Spain
Prospex raises £1m for Viura-1B workover
Prospex Energy plc has raised £1,031,650 via a placing and subscription of 22,925,555 new ordinary shares at a 4.4% discounted issue price of 4.5 pence per share. RETAIL OFFER Directors and persons discharging managerial duties also participated for a total of 1,444,444 new ordinary shares. Non-executive chairman Bill Smith and chief executive officer Mark Routh […]
Prospex JV halts Viura production due to leak
Prospex Energy plc said that gas production was temporarily halted in mid-April at the new onshore Viura-1B well because of a leak in the completion tubing. WORKOVERS Partner and operator Heyco Energia Iberia S.L. needs to obtain equipment, including mobilising a suitable drill rig, for a workover to resume production from the north Spanish field […]
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 […]
Prospex begins gas sales from Viura-1B
Prospex Energy plc has more than doubled production and revenue from its producing assets with the start of gas sales from the completed Viura-1B development well in northern Spain. EXPANSION Flow testing is underway at rates of up to 500,000 standard cubic metres per day, (17.7 million standard cubic metres per day), with 72,000 scm/d (2.6 MMscfd) net […]
Prospex expects Viura revenue early December
Prospex Energy plc anticipates of flow testing and revenue in early December from the Viura-1B development well in northern Spain. PAYBACK Drilled by partner Heyco Energy Iberia SL (HEI), the well reached its revised targeted total depth of 4,500 metres in October in the 6-inch hole section of the bottom 450m of the well. The […]