Prospex Energy Enhances Financial Standing and Grows Asset Portfolio in 2024

PUBLISHED: 27 May 2025 @ 18:09 | Comments (0) | More info about Fiona Craig

Prospex Energy PLC (LSE:PXEN) has reported a solid improvement in its financial position for the year ending December 31, 2024. The company achieved a significant reduction in losses and boosted shareholder equity, marking a year of operational and strategic progress. Among the key milestones, Prospex expanded its asset base by acquiring a stake in the Viura gas field in Spain and completing the full acquisition of Tarba Energía. These moves have strengthened the company’s production capabilities and diversified its portfolio.

Operational highlights include successful drilling activities at the Viura field and the extension of gas exploitation rights at the El Romeral project. Notably, Prospex concluded the year debt-free and is now focused on reinvesting in its existing assets while actively seeking new growth opportunities across Europe.

About Prospex Energy PLC

Prospex Energy PLC is an AIM-listed investment company focused on the European energy sector, particularly natural gas and electricity. The company holds interests in three producing gas fields—two in Spain and one in Italy—and has expanded its footprint with exploration activities in Poland. Its strategy centers on leveraging regional energy demand and infrastructure to deliver sustainable growth.

Average Daily Trading Volume: 819,904
Technical Sentiment: Strong Sell
Market Capitalization: £20.37 million

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