Prospex Energy PLC Notice of AGM (5370D)
June 29 2021 - 10:54AM
UK Regulatory
TIDMPXEN
RNS Number : 5370D
Prospex Energy PLC
29 June 2021
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and
Gas
29 June 2021
Prospex Energy PLC ('Prospex' or the 'Company')
Notice of AGM
Prospex Energy PLC, the AIM quoted investment company focused on
European gas and power projects, is pleased to give notice that its
Annual General Meeting ('AGM') will be held at 9:30 at the offices
of Charles Russell Speechlys LLP, 5 Fleet Place, London, EC4M 7RD
on 27 July 2021. The Notice of AGM will be posted to shareholders
shortly and will be available to download from the Company's
website later today.
* * ENDS * *
For further information visit www.prospex.energy or contact the
following:
Edward Dawson Prospex Energy PLC Tel: +44 (0) 20 3948
1619
Rory Murphy Strand Hanson Limited Tel: +44 (0) 20 7409
Ritchie Balmer 3494
Colin Rowbury Novum Securities Limited Tel: +44 (0) 20 7399
Jon Belliss 9427
Duncan Vasey Peterhouse Corporate Finance Tel: +44 (0) 20 7469
0932
Frank Buhagiar St Brides Partners Ltd Tel: +44 (0) 20 7236
Cosima Akerman 1177
Notes
Prospex Energy PLC is an AIM quoted investment company focussed
on high impact onshore and shallow offshore European gas and power
opportunities. The Company acquires undervalued projects and then
applies low-cost re-evaluation techniques to identify and de-risk
prospects. Prospex currently holds a portfolio of three projects:
the Podere Gallina Permit in Italy where first gas at the Selva
field is targeted for early 2022; the El Romeral gas and power
project in Spain, which includes three producing wells that supply
gas to a 100% project-owned 8.1MW power plant; and the large scale
Tesorillo gas project in southern Spain, which has the potential to
hold gross un-risked Prospective Resources of 830 Bcf of gas (Best
Estimate), with upside in excess of 2 Tcf. The Company's strategy
is to rapidly scale up gas production in the short term to generate
internal revenues that can then be deployed to develop the asset
base and increase production further.
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END
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