9 Nov 2016 15:00
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.
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For further information visit www.prospexoilandgas.com or contact the following:
Edward Dawson | Prospex Oil and Gas Plc | Tel: +44 (0) 203 586 1009 |
Katy MitchellNick ProwtingJay Ashfield | WH Ireland Limited WH Ireland Limited WH Ireland Limited | Tel: 0113 394 6600Tel: +44 (0) 207 220 1658 |
Jon Belliss | Beaufort Securities Limited | Tel: +44 (0) 207 382 8300 |
Lucy Williams Charles Goodfellow Eran Zucker | Peterhouse Corporate FinancePeterhouse Corporate Finance Peterhouse Corporate Finance | Tel: +44 (0) 207 469 0932 |
Frank Buhagiar Charlotte Page | St Brides Partners Ltd St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |