TIDMPXOG

RNS Number : 0350Y

Prospex Oil and Gas PLC

30 November 2017

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

30 November 2017

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

Director/PDMR Notification

Prospex Oil and Gas Plc, the AIM quoted investment company, announces that James Smith, Non-Executive Director of the Company, today purchased 4,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 0.5296 pence per Ordinary Share.

Following the purchase, Mr Smith is interested in 4,000,000 Ordinary Shares, representing 0.39 per cent. of the Company's issued share capital.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

* * ENDS * *

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

 
Edward Dawson    Prospex Oil and Gas    Tel: +44 (0) 20 
                  Plc                    3766 0325 
Rory Murphy      Strand Hanson Limited  Tel: +44 (0) 20 
 Ritchie Balmer                          7409 3494 
 Jack Botros 
Jon Belliss      Beaufort Securities    Tel: +44 (0) 20 
                  Limited                7382 8300 
Duncan Vasey     Peterhouse Corporate   Tel: +44 (0) 20 
                  Finance                7469 0932 
Frank Buhagiar   St Brides Partners     Tel: +44 (0) 20 
 Charlotte Page   Ltd                    7236 1177

Notes

Prospex Oil and Gas Plc is an AIM quoted investment company focussed 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.

PDMR Notification

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                             James Smith 
---  -------------------------------  ----------------------------- 
 2.   Reason for the Notification 
---  -------------------------------------------------------------- 
 a)   Position/status                  Director of the Company 
---  -------------------------------  ----------------------------- 
 b)   Initial notification/amendment   Initial notification 
---  -------------------------------  ----------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                             Prospex Oil and Gas Plc 
---  -------------------------------  ----------------------------- 
 b)   LEI                              213800NY9RH8O1B72D27 
---  -------------------------------  ----------------------------- 
 4.   Details of the transaction(s):section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; 
       and (iv)each place where transactions have 
       been conducted 
---  -------------------------------------------------------------- 
 a)   Description of the               Ordinary shares of 0.1p each 
       Financial instrument,            in the share capital of the 
       type of instrument               Prospex Oil & Gas plc 
---  -------------------------------  ----------------------------- 
      Identification code              GB00BW4NPC58 
---  -------------------------------  ----------------------------- 
 b)   Nature of the Transaction        Purchase of Ordinary Shares 
---  -------------------------------  ----------------------------- 
 c)   Price(s) and volume(s)            Price(s)        Volume(s) 
                                        --------------  ---------- 
                                         0.5296 pence    4,000,000 
                                        --------------  ---------- 
---  -------------------------------  ----------------------------- 
 d)   Aggregated information           N/A (Single transaction) 
       Aggregated volume 
       Price 
---  -------------------------------  ----------------------------- 
 e)   Date of the transaction          30 November 2017 
---  -------------------------------  ----------------------------- 
 f)   Place of the transaction         Outside a trading venue 
---  -------------------------------  -----------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHEBLFXDFFEFBX

(END) Dow Jones Newswires

November 30, 2017 11:00 ET (16:00 GMT)

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