Prospex Energy secures San onshore licence in Poland

Prospex Energy, an AIM-quoted institution investing successful European state and powerfulness projects, has received ceremonial notification that its wholly owned subsidiary PXEN Tatra has secured the San onshore licence country successful confederate Poland.

The institution reported that the administrative process concerning the Dunajec licence is ongoing, with further updates expected erstwhile available.

PXEN Tatra present holds a 100% moving involvement successful the San licence and volition besides clasp a 100% moving involvement successful the Dunajec licence.

The San and Dunajec licences, located wrong the Carpathian foredeep geological play, prevarication successful an country with existing state fields and supporting infrastructure.

Prospex Energy is gathering humanities accusation connected some licence areas to pass enactment programme readying and intends to use modern imaging, evaluation, and improvement methods to aboriginal exploration and improvement activities.

The company’s attack focuses connected assets recognition and consequent improvement successful regions with demonstrated hydrocarbon production.

Prospex Energy CEO Tom Reynolds said: “We are delighted to person officially been granted the San licence, formalising our enlargement into Poland and adding a 3rd European jurisdiction to our concern portfolio.

“San and Dunjac are located successful 1 of the astir prolific state regions successful Poland and we are assured that our team's cognition and acquisition coupled with the payment of modern exploration and improvement techniques volition alteration america to unlock strategical vigor resources astatine a clip of rising marketplace request successful Europe.”

The San licence addresses a foredeep state play with past discoveries successful some structural and stratigraphic traps. Historical state finds adjacent the San country person ranged from respective cardinal cubic feet (bcf) to astir 200bcf of state initially successful place.

The Dunajec licence extends implicit 1,182km², including the Miocene state play and further lipid and state prospects from the Cretaceous and Jurassic periods. The acreage besides contains the undeveloped Mnisow lipid discovery.

Prospex Energy’s firm strategy targets the acquisition of undervalued onshore and shallow offshore opportunities passim Europe, with an purpose to execute accelerated interior gross procreation and plus development.

The institution applies cost-effective re-evaluation techniques to trim exploration hazard and seeks to realise worth trigger points soon aft acquiring caller licences.

In November 2025, Prospex Energy submitted a implicit biology interaction appraisal (EIA) for 5 caller earthy state wells astatine the El Romeral concessions to the Ministry for the Ecological Transition and the Demographic Challenge (MITECO) successful Madrid, Spain.