Prospex Oil and Gas (GB:PXEN) has released an update.
Prospex Energy has resumed production at the Viura gas field with the Viura-1B well exceeding expectations by uncovering promising gas shows and new reservoir formations. The company anticipates revenue from this production in November 2024 and will receive a significant share of the production income until its initial investment is recouped. This development marks a successful venture for Prospex, potentially boosting its financial returns from the Viura field.
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