We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Prospex Oil And Gas Plc | LSE:PXOG | London | Ordinary Share | GB00BMFZVZ53 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.525 | 1.30 | 1.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPXOG
RNS Number : 7384S
Prospex Oil and Gas PLC
23 December 2016
Prospex Oil and Gas Plc / Index: AIM / Epic: PXOG / Sector: Oil and Gas
23 December 2016
Prospex Oil and Gas Plc ('Prospex' or the 'Company')
Director Dealing
Award of Options
Prospex Oil and Gas Plc, the AIM quoted investment company, announces that following the appointment of Mr James Smith as Non-Executive Director to the Board (see announcement dated 22 December 2016), he has today been awarded options to subscribe for 1,436,000 ordinary shares of 1 pence each in the Company ("Ordinary Share") at an exercise price of 1.1 pence per Ordinary Share and vesting when the price of an Ordinary Share closes at 5 pence or more for 5 consecutive days. Mr Smith has no other interest in Ordinary Shares.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1. Details of the person discharging managerial responsibilities / person closely associated --- --------------------------------------------------------------- a) Name James Smith --- ------------------------------- ------------------------------ 2. Reason for the Notification --- --------------------------------------------------------------- a) Position/status Non-Executive Director --- ------------------------------- ------------------------------ b) Initial notification/amendment Initial notification --- ------------------------------- ------------------------------ 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- --------------------------------------------------------------- a) Name Prospex Oil & Gas plc --- ------------------------------- ------------------------------ b) LEI 213800NY9RH8O1B72D27 --- ------------------------------- ------------------------------ 4. Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted --- --------------------------------------------------------------- a) Description of the Ordinary shares of 1 pence Financial instrument, each type of instrument --- ------------------------------- ------------------------------ Identification code GB00BW4NPC58 --- ------------------------------- ------------------------------ b) Nature of the Transaction Grant of options to acquire shares --- ------------------------------- ------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) --------- ----------------- 1.1p 1,436,000 Shares --------- ----------------- --- ------------------------------- ------------------------------ d) Aggregated information n/a Aggregated volume Price --- ------------------------------- ------------------------------ e) Date of the transaction 23 December 2016 --- ------------------------------- ------------------------------ f) Place of the transaction Outside a trading venue --- ------------------------------- ------------------------------
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
* * ENDS * *
For further information visit www.prospexoilandgas.com or contact the following:
Edward Dawson Prospex Oil and Gas Tel: +44 (0) 20 Plc 3586 1009 Rory Murphy Strand Hanson Limited Tel: +44 (0) 20 Ritchie Balmer 7409 3494 Jack Botros Jon Belliss Beaufort Securities Tel: +44 (0) 20 Limited 7382 8300 Lucy Williams Peterhouse Corporate Tel: +44 (0) 20 Charles Goodfellow Finance 7469 0932 Eran Zucker Frank Buhagiar St Brides Partners Tel: +44 (0) 20 Charlotte Page Ltd 7236 1177 Grace-Anne Marius
Notes
Prospex Oil and Gas Plc is an AIM quoted investment company focussed on high impact onshore and shallow offshore European opportunities with short timelines to production. The Company's management is looking to repeat the success it has had in the past by acquiring undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low cost re-evaluation techniques to identify and de-risk prospects.
The Company is currently focussed on its 49% interest in Hutton Poland, which holds the 1,150 sq km Kolo licence inside the Polish Central Basin. Kolo contains multiple targets, including the Boleslaw prospect, where drilling commenced in December 2016. Boleslaw's favourable economics were highlighted in a Competent Person's Report ('CPR') by AGR TRACS, which assigned an Expected Monetary Value ("EMV") (net to Prospex) at 1 January 2016 of between US$7.1m and US$12.2m (see announcement dated 26 May 2016 for further details).
The CPR was based on production scenarios of 3,333-6,666 boepd from a single well, demonstrating that the project can generate positive returns in many scenarios.
The Company maintains an active growth strategy and continues to assess additional acquisition opportunities across Europe.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHBGBDDSSDBGLX
(END) Dow Jones Newswires
December 23, 2016 05:50 ET (10:50 GMT)
1 Year Prospex Oil And Gas Chart |
1 Month Prospex Oil And Gas Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions