Share Name Share Symbol Market Type Share ISIN Share Description
Prospex Oil And Gas Plc LSE:PXOG London Ordinary Share GB00BW4NPC58 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.115 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.10 0.13 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -1.30 -0.08 3
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.115 GBX

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Prospex Oil And Gas Daily Update: Prospex Oil And Gas Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PXOG. The last closing price for Prospex Oil And Gas was 0.12p.
Prospex Oil And Gas Plc has a 4 week average price of 0.10p and a 12 week average price of 0.05p.
The 1 year high share price is 0.20p while the 1 year low share price is currently 0.05p.
There are currently 2,213,593,136 shares in issue and the average daily traded volume is 3,127,223 shares. The market capitalisation of Prospex Oil And Gas Plc is £2,545,632.11.
kibes: marketanalyst - thanks good post. I am already long and feeling rather uncomfortable about it however I agree with you this is an unusual opportunity. I do intend to buy some more but I shall wait until the DOW/FTSE seem to have bottomed out. Right now I think the DOW at 21,000 is way too high for the current coronavirus situation as is the FTSE at 5100. DOW 15,000 and FTSE 3500 would seem more realistic to me. Those levels would no doubt massacre the PXOG price even further.
johncasey: the Company held cash and cash equivalents of GBP265,094 (30 June 2018: GBP489,497). Since 30 June, PXOG Marshall has recovered EUR196,000 of Italian VAT and it has used these funds to repay part of its loan to the PLC. As at the end of August 2019, the Company held cash balances of GBP319,539. Outlook In the last three years, Prospex Oil & Gas has participated in the drilling of four wells, made two gas discoveries, one of which is already in production, and booked its maiden reserves. While in the Board's eyes our share price does not reflect the progress made to date, our financial performance is starting to do so, specifically in the shareholders total equity value of our investments which stood at GBP6,349,995 as at 30 June 2019. With a pipeline of prospects already identified, work programmes underway to de-risk these to the point of drilling, and production on course to commence at Selva, there remains considerable scope across our portfolio of projects to drive future financial performance. In tandem with this, we continue to evaluate new ventures which match our investment criteria. I look forward to providing further updates on our progress, as we focus on realising the potential of our asset base and generating value for our shareholders.
pro_s2009: News today : .
pro_s2009: News today : .
temmujin: i see petrel energy went up 200% late friday...i wonder why? HTTPS://
bryall2: Placing price in January 0.6 pence and now warrants at the same price 10 months later, and the current share price 0.3 pence, as the last RNS suggests, a clear disconnect between Market Cap and assets, shouldn’t be too long before correction. Al.
serabi_mining_srb: Huge RNS from Serabi Mining SRB 15 million USD investment at the current Share Price, to a single investor. Very low valuation considering its level of gold output. Results this month, last November showed a huge jump in cash to over 9.7 million USD. Rerate now undeway, and stock in very short supply. Up almost 30% already....
bountyhunter: no need to when they have the options; ok it would have inspired confidence but they do have those options to motivate them to get the share price up to 1p+ and higher
cpap man: PXOG are up by circa 9% on the back of market whispers over the Italian drill [flow rates] Time for UOG who hold a higher % to join in todays share price rises!
stonefold: When pressed in a recent interview the CEO stated that they had a figure for probability of success for the drill, but that it was for internal use and he did not wish to disclose it. Those interested in the probability of success and time it takes to drill and test similar wells should have a look at RPT = Regal Petroleum's news archive. A number of wells were drilled in the Suceava and neighbouring Barlad licences, with mixed outcomes. There you will see information on the 2005 drilling of the SE-1 well, (that PXOG might recomplete). And of particular relevance a well targeting the same geological structure (the Sarmatian formation) though in the adjacent Barlad Concession. Http:// 17-10-2007 ".......These prospects are supported by seismic amplitudes and have been assessed by the Company as having geological probability of success of approximately 30%.......... " "...Regal's 2005 SE-1 well which identified a sub-economic accumulation of gas in the Sarmatian formation...." - Whilst there is not a CPR for the PXOG drill, there is a Competent Person's Report dated 12-01-2016 for the Suceava, Bobocu and Jimbolia blocks, this was before Zeta Petroleum gave up its interests. Bobocu had 5 gas prospects with POS from 13 to 28%. No drilling prospects were considered in this CPR for the other two blocks. Http:// Suceava block: 36 wells drilled, of which only 3 producing small volumes of gas, 1 possible of producing small gas volumes and requires further testing and completion and resolution of land access issues. Climauti field has 2 producing wells: Climauti 1 and Ruda 1 to Bilca gas plant. total production = 0.2 mm cu ft d Dornesti Sud field has 1 producing well:Dornesti Sud 1 to an electricity generator. prod = 1.12 MW limited by generator (could do 0.9 mm cu ft d) SE-1 not yet completed. short test approx. 1.2 mm cu ft d The CPR also has information for calculating revenue from gas sales. (PXOG does not have an interest in the producing wells) Despite taking a number of years to study and drill the area, RPT sold all their Romanian licence interests (make of that what you will). DYOR on the probability of success, the economics of development and realistic outcomes for the share price.
Prospex Oil And Gas share price data is direct from the London Stock Exchange
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