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Prospex Oil & Gas has "a tiger on a leash" with Spanish prospect

Published: 21:58 24 May 2018 AEST

Prospex Oil & Gas

Prospex Oil & Gas PLC's (LON:PXOG) Edward Dawson tells Proactive the company is chasing a geological play across its three assets in Europe, and has a well in Romania that is about to go into production.

He adds that the company's Italian license, in which it has 17%,  has seen surprising flow tests that suggest production rates will be "significantly better" than previously thought.

The group also has a project in Spain where it is planning to drill the first modern well, with Dawson saying the potential is like "a tiger on a leash".

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