Prospex Energy PLC (LSE:PXEN) has resumed gas production from the Viura-1B well at the Viura gas field in northern Spain, which is operated by HEYCO Energía Iberia S.L.. Output restarted after successful retrieval operations addressed a pressure control equipment failure that occurred in August.
Prospex holds a 7.24% interest in the Viura field and will receive 14.47% of the production income until its original capital investment has been fully repaid. The restart of production strengthens the company’s cash flow profile and reinforces its strategic positioning in the European gas market.
About Prospex Energy PLC
Prospex Energy is an AIM-quoted investment company targeting high-impact onshore and shallow offshore energy projects across Europe. Its strategy focuses on acquiring undervalued assets with multiple value catalysts, applying low-cost re-evaluation techniques to de-risk developments, and rapidly scaling up gas production to generate internal revenue for further growth.
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