Prospex Energy (PXEN)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

6.20p
   
  • Change Today:
    -0.15p
  • 52 Week High: 9.50
  • 52 Week Low: 4.75
  • Currency: UK Pounds
  • Shares Issued: 332.58m
  • Volume: 418,851
  • Market Cap: £20.62m
  • RiskGrade: 304

Prospex gets Italian approval for Selva Gas Field purchase

By Josh White

Date: Thursday 07 Apr 2022

LONDON (ShareCast) - (Sharecast News) - European energy investor Prospex announced on Thursday that it has received approval from the Italian Ministry of Ecological Transition for the change of control of 100% of UOG Italia from United Oil and Gas to Prospex.
The AIM-traded firm said the approval was officially received on 4 April, after close-of-business.

It said the change of control was the final condition stipulated in the sale-and-purchase agreement with United Oil and Gas to conditionally acquire a further 20% working interest in the Podere Gallina Licence.

The licence contains the Selva Gas Field in the Po Valley region of Italy, and was signed on 9 August last year.

"Completion of the acquisition will occur when the deed of transfer is legally executed and funds are transferred to United Oil and Gas to pay for the remainder of the acquisition cost, at which point a further announcement will be made," the Prospex board said in its statement.

At 1529 BST, shares in Prospex Energy were down 3.23% at 4.5p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Prospex Energy Market Data

Currency UK Pounds
Share Price 6.20p
Change Today -0.15p
% Change -2.36 %
52 Week High 9.50
52 Week Low 4.75
Volume 418,851
Shares Issued 332.58m
Market Cap £20.62m
RiskGrade 304

Prospex Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.58% above the market average31.58% above the market average31.58% above the market average31.58% above the market average31.58% above the market average
23.68% below the sector average23.68% below the sector average23.68% below the sector average23.68% below the sector average23.68% below the sector average
Price Trend
14.50% above the market average14.50% above the market average14.50% above the market average14.50% above the market average14.50% above the market average
50.62% above the sector average50.62% above the sector average50.62% above the sector average50.62% above the sector average50.62% above the sector average
Income Not Available
Growth
76.76% above the market average76.76% above the market average76.76% above the market average76.76% above the market average76.76% above the market average
57.69% above the sector average57.69% above the sector average57.69% above the sector average57.69% above the sector average57.69% above the sector average

Prospex Energy Dividends

No dividends found

Trades for 09-May-2024

Time Volume / Share Price
16:24 11,031 @ 6.26p
15:26 18 @ 6.30p
15:09 56 @ 6.30p
15:03 16,634 @ 6.13p
15:02 16,634 @ 6.26p

Prospex Energy Key Personnel

CEO Mark Christopher Routh

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