IN BRIEF: Prospex Energy annual loss narrows sharply in 2024
Prospex Energy PLC - Europe-focused gas and power project investor - Pretax loss narrows to GBP31,824 in 2024 from GBP1.6 million in 2023. Prospex reports a gain on the revaluation of assets of GBP713,583 for 2024, compared to a loss of GBP469,709 in 2023. The company says it is "satisfied with the progress made during the year under review and the prospects for the future, with a number of significant activities to be undertaken in each area of operations, subject to regulatory approval." Looking ahead, Prospex expects drilling phase 2 at Viura-3A and Viura-3b wells in northern Spain to start in 2026. Read More