TIDMPXOG

Prospex Oil and Gas PLC

09 November 2016

Prospex Oil and Gas Plc / Index: AIM / Epic: PXOG / Sector: Oil and Gas

9 November 2016

Prospex Oil and Gas Plc ('Prospex' or the 'Company')

Well Pad Construction Underway at onshore Poland Well

Prospex Oil and Gas Plc, the AIM quoted investment company, is pleased to announce that further to the announcement of 19 October 2016, Prospex has been advised by the directors of Hutton Poland Limited, that the drilling contractor, Exalo Drilling SA ('Exalo'), has commenced well pad construction at the Boleslaw-1 well in the 1,150 sq km Kolo Licence, onshore Poland. This initial preparatory work is expected to take approximately two weeks to complete and drilling remains on track to commence in Q4 2016.

A selection of photographs from this work can be found on the Company's website: http://www.prospexoilandgas.com/gallery.html.

* * ENDS * *

For further information visit www.prospexoilandgas.com or contact the following:

 
Edward Dawson        Prospex Oil and Gas    Tel: +44 (0) 203 
                      Plc                    586 1009 
Katy Mitchell        WH Ireland Limited     Tel: 0113 394 
 Nick Prowting        WH Ireland Limited     6600 
 Jay Ashfield         WH Ireland Limited 
                                             Tel: +44 (0) 
                                             207 220 1658 
Jon Belliss          Beaufort Securities    Tel: +44 (0) 207 
                      Limited                382 8300 
Lucy Williams        Peterhouse Corporate   Tel: +44 (0) 207 
 Charles Goodfellow   Finance                469 0932 
 Eran Zucker          Peterhouse Corporate 
                      Finance 
                      Peterhouse Corporate 
                      Finance 
Frank Buhagiar       St Brides Partners     Tel: +44 (0) 20 
 Charlotte Page       Ltd                    7236 1177 
                      St Brides Partners 
                      Ltd

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 09, 2016 10:00 ET (15:00 GMT)

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