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Prospex Oil&GasPLC ORD 0.1P (PXOG)

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23-Sep-2019 07:45 AM

Prospex Oil and Gas books loss as it develops Italy, Romania plays

Prospex Oil and Gas booked a first-half loss as it continued to develop onshore projects in Italy, Romania and Spain. Pre-tax losses for the six months through June amounted to £0.68m, compared to losses of £0.54m on-year. Story provide
08-Jun-2018 08:13 AM

Prospex Oil and Gas swings to loss after Polish asset write-down

Prospex Oil and Gas swung to an annual loss after it completely wrote off the value of a failed Polish exploration venture. Pre-tax losses amounted to £3.2m, compared to a profit in 2016 of £1.6m. The company said it expected to post better
08-Jan-2018 02:27 PM

Prospex Oil and Gas raises £1.2m via placing

Prospex Oil and Gas has confirmed that the Company successfully raised £1.2m (gross) via an oversubscribed placing of 200,000,000 ordinary shares at 0.6p apiece. The net proceeds of the Placing ensures the Company is fully funded for its basic 2018
19-Dec-2017 07:57 AM

Prospex Oil and Gas to acquire up to 49.9% stake in Tesorillo project

Prospex Oil and Gas agreed to acquire up to a 49.9% interest in the Tesorillo project in southern Spain. Tesorillo contains a known gas discovery, which a competent person's report undertaken by Netherland Sewell and Associates (NSAI) in 2015 estima
27-Sep-2017 08:11 AM

Prospex Oil and Gas loss deepens

Prospex Oil and Gas reported a deeper first-half loss as it prepares to start exploration drilling in Romania. The company booked a net loss of £2.85m, widening from £2.18m in the previous corresponding period, after administrative expenses a
03-May-2017 09:23 AM

Prospex Oil & Gas swings to FY pretax profit

Prospex Oil & Gas has swung to a FY pretax profit of £1.5m, up from a loss of £0.5m. Its operating loss of £0.78m was boosted by a £2.3m addition for financial assets at fair value, versus nil in a prior year that had an operatin
28-Mar-2017 01:18 PM

Prospex seeks to change investing policy

Prospex Oil and Gas said it intends to ask shareholders to approve an amendment to its investing policy, either by convening a General Meeting of the Company or by including the proposed resolution at Prospex's forthcoming Annual General Meeting.
20-Feb-2017 01:59 PM

Prospex share capital reorganisation approved by shareholders

Prospex Oil and Gas has announced that all resolutions put to today's General Meeting were passed, including the approval of the Share Capital Reorganisation. This will be effected through the subdivision of each Existing Ordinary Share of £0.
22-Dec-2016 07:44 AM

Prospex O&G appoints James Smith as director

Prospex Oil & Gas announces the appointment of James Smith as non-executive director to the board, with immediate effect. Smith joins the Board at a pivotal time in the Company's development, with drilling underway at its primary investment, the Bole
12-Dec-2016 07:16 AM

Prospex O& G begins drilling onshore Poland

Prospex Oil & Gas has been advised that the Boleslaw-1 well in the 1150 sq km Kolo Licence, onshore Poland, spudded at 5:50pm on 10 December 2016. Boleslaw-1 is targeting gas in an active petroleum system and the Boleslaw prospect has been independently
02-Dec-2016 07:21 AM

Prospex says onshore Poland drilling plan approved

Prospex Oil & Gas said the well drilling plan has been approved by the Polish Mining Authority to drill the Boleslaw-1 well ('Boleslaw-1' or 'the Well') in the 1,150 sq km Licence. The approval of the plan represents the final regul
17-Aug-2016 03:10 PM

Broker Forecast - Beaufort Securities issues a broker note on Prospex Oil Gas

Beaufort Securities today initiates coverage of Prospex Oil Gas (LON:PXOG) with a speculative buy investment rating and price target of 3p. Story provided by StockMarketWire.com...
10-Jun-2016 07:23 AM

Prospex Oil & Gas narrows FY pretax loss

Prospex Oil & Gas has narrowed its FY pretax loss to £0.5m, from a loss of £0.69m. Its management team and directors were actively seeking additional investment opportunities. Story provided by StockMarketWire.com...
 
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09-Apr-2020 05:06 PM

FTSE gains accelerate into close as government agrees BoE funding deal and New York higher at open

UK markets regathered momentum to accelerate gains in afternoon trading after a firm start on Wall Street. Both the Dow Jones and S&P 500 rose more th ...

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