Prospex Oil & Gas

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Bonnie Hughes Interviews Ed Dawson of Prospex Oil & Gas 

We caught up with Ed Dawson MD of Prospex Oil & Gas, during the interview we hear more about the recent increase in the companies working interest at the Tesorillo Project asset in Spain expanding further on the four deep strategy adopted by Prospex’s technical team. Whilst the company has already successfully completed it’s Suceava Bainet-1 well in Romania, the well now produces revenues which proves the concept works. As further opportunity present itself in Romania, both Italy and Spain offer more significant upside with Tesorillo’s best case of 2TCF (Trillion Cubic Feet)

Podere Maiar-1d well was drilled in Q4 2017 into the Selva Gas-Field (previously operated by ENI)

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Prospex recently announced the preliminary approval of production concession application, onshore Italy where Prospex holds a 17% working interest in the Podere Gallina Exploration Permit, which is located onshore northern Italy in the Po Valley, a proven hydrocarbon province where over 5,000 wells have been drilled historically. The well was drilled and tested successfully exceeding the companies expectations, as the concession is brought online this should boost the companies future cash flow’s.

 



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