Prospex Energy (PXEN LN) has reported strong initial production rates from the new well at Viura taking group production rates to c2.9mmcfd which is double that of the start of December. At Viura flow testing has confirmed the successful development with gas produced already sold. The new well has produced at rates of up to 17.7mmscfd of which 2.6mmscfd is net to PXEN as, until the invested capital is repaid, PXEN receives double its interest (14.47%) plus a 10% coupon at which point it reverts ....
