REG - Prospex Energy PLC - Corporate Update & New Corporate Presentation

Prospex EnergyAnnouncement

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RNS Number : 3210Y  Prospex Energy PLC  26 March 2026

Prospex Energy plc / Index: AIM / Epic: PXEN / Sector: Oil and Gas

 

26 March 2026

 

Prospex Energy plc

("Prospex" or the "Company")

 

Corporate Update & New Corporate Presentation

 

Prospex Energy plc (AIM: PXEN), the AIM quoted investing company focused on
European gas and power projects, is pleased to announce the release of its
latest corporate presentation, which Tom Reynolds, CEO, will be presenting at
the Investor Meet Company Event this afternoon, 26 March 2026, at 3:00 p.m.
The presentation is available on the Company's website: www.prospex.energy
(http://www.prospex.energy) .

 

This event is a prime opportunity for existing and potential investors to gain
valuable insights into Prospex Energy's growth strategy, operational progress
and the expanding opportunities in the European energy market.

 

The presentation contains an update on the Company's investment strategy and
certain assets, including:

 

Viura, Rioja Province, Spain

•    Average production rates during January and February 2026 are 101,000
Ncm/d gas and 148 cubic metres produced water per day

•    These rates are not indicative of steady state operation as the
operating regimes have been selected to inform boundary conditions within the
dynamic model

•    The Company expects the modelling work to have completed by end April
2026 and a steady state operational regime established

 

San & Dunajec exploration licences, Poland

The Dunajec licence contains an undeveloped oil discovery drilled in 1966
which may contain up to 2 million barrels Oil Originally in Place based on
historic estimates with 13m of pay interval measured in fractured carbonate at
a depth of c. 600m.

 

2025 Cash Reconciliation

The presentation includes an unaudited cash reconciliation for calendar year
2025 and an indicative estimate for Q1 2026 which takes account of cash
directly controlled by the Company but excludes cash flows related to its 7.5%
ownership stake in HEYCO Energy Iberia corresponding to the Viura field.

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed
in accordance with the Company's obligations under Article 17 of MAR.

 

* * ENDS * *

 

For further information, please contact:

 

 Tom Reynolds                      Prospex Energy PLC            Tel: +44 (0) 20 7236 1177
 Ritchie Balmer                    Strand Hanson Limited         Tel: +44 (0) 20 7409 3494

Rory Murphy
 Andrew Monk (Corporate Broking)   VSA Capital Limited           Tel: +44 (0) 20 3005 5000

Andrew Raca (Corporate Finance)
 Neil Passmore                     Hannam & Partners             Tel: +44 (0) 20 7907 8500

 Leif Powis
 Ana Ribeiro / Charlotte Page      St Brides Partners Limited    Tel: +44 (0) 20 7236 1177

 

Further information on the Company can be found on its website at
www.prospex.energy (http://www.prospex.energy) .

 

Notes

Prospex Energy plc is an AIM quoted investing company focused on high impact
onshore and shallow offshore European opportunities with short timelines to
production.  The Company's strategy is to acquire undervalued projects with
multiple, tangible value trigger points that can be realised within 12 months
of acquisition and then applying low-cost re-evaluation techniques to identify
and de-risk prospects.  The Company will 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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