22nd Nov 2016 10:38
LONDON (Alliance News) - Prospex Oil & Gas PLC on Tuesday said well-pad construction at the Boleslaw-1 well, onshore Poland, is proceeding according to schedule.
The investment company holds a 49% stake in Hutton Poland Ltd, the subsidiary of which holds the Kolo licence in onshore Poland. The Boleslaw-1 exploration well is located within the 1,1509 square kilometre Kolo licence.
Prospex on Tuesday said drilling at the site remains on track to begin this quarter.
Shares in Prospex were up 1.3% at 2.72 pence on Tuesday morning.
By Hannah Boland; [email protected]; @Hannaheboland
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