Prospex Resources (PXEN LN) has announced a significant marketing agreement with a subsidiary of BP International (BP LN). In our view, this brings validation to the project from an industry major and is a notable milestone. The company remains on time and on budget for first production in Q2 2023 and the marketing contract commences on April 1 2023 which is therefore aligned with this timing. BP will acquire all of the gas produced by the project for an initial 18 months, although this can be e ....
14 Feb 2023
VSA Capital Daily Flow Test (14/02/23) Prospex Energy
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VSA Capital Daily Flow Test (14/02/23) Prospex Energy
Prospex Energy Plc (PXEN:LON) | 5.0 0 0.0% | Mkt Cap: 16.6m
- Published:
14 Feb 2023 -
Author:
Oliver O’Donnell -
Pages:
3
Prospex Resources (PXEN LN) has announced a significant marketing agreement with a subsidiary of BP International (BP LN). In our view, this brings validation to the project from an industry major and is a notable milestone. The company remains on time and on budget for first production in Q2 2023 and the marketing contract commences on April 1 2023 which is therefore aligned with this timing. BP will acquire all of the gas produced by the project for an initial 18 months, although this can be e ....