Well Pad Construction Underway, Onshore Poland

RNS Number : 7796O

Prospex Oil and Gas PLC

09 November 2016

 

Prospex Oil and Gas Plc / Index: AIM / Epic: PXOG / Sector: Oil and Gas

9 November 2016

Prospex Oil and Gas Plc ('Prospex' or the 'Company')
Well Pad Construction Underway at onshore Poland Well

Prospex Oil and Gas Plc, the AIM quoted investment company, is pleased to announce that further to the announcement of 19 October 2016, Prospex has been advised by the directors of Hutton Poland Limited, that the drilling contractor, Exalo Drilling SA ('Exalo'), has commenced well pad construction at the Boleslaw-1 well in the 1,150 sq km Kolo Licence, onshore Poland.  This initial preparatory work is expected to take approximately two weeks to complete and drilling remains on track to commence in Q4 2016.

A selection of photographs from this work can be found on the Company's website: http://www.prospexoilandgas.com/gallery.html.  

* * ENDS * *

For further information visit www.prospexoilandgas.com or contact the following:

Edward Dawson	Prospex Oil and Gas Plc	Tel: [phone]
Katy Mitchell Nick Prowting Jay Ashfield	WH Ireland Limited WH Ireland Limited WH Ireland Limited	Tel: [phone] Tel: [phone]
Jon Belliss	Beaufort Securities Limited	Tel: [phone]
Lucy Williams Charles Goodfellow Eran Zucker	Peterhouse Corporate Finance Peterhouse Corporate Finance Peterhouse Corporate Finance	Tel: [phone]
Frank Buhagiar Charlotte Page	St Brides Partners Ltd St Brides Partners Ltd	Tel: [phone]

 

END

 

 

NRAZKLFBQFFEFBB