27th May 2025 13:49
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.
Chief Executive Officer Mark Routh says: "We remain focused on both organic growth from our existing assets and the pursuit of new opportunities that meet our rigorous investment standards and look forward to a successful 2025."
Current stock price: 5.02 pence each, down 0.8% on Tuesday afternoon in London
12-month change: down 23%
By Tom Budszus, Alliance News slot editor
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