Prospex Energy awarded Polish licenses

Prospex Energy plc subsidiary PXEN Tatra Sp z.o.o. has been awarded the San onshore San and Dunajec licenses in Poland. 

Both licenses are in southern Poland within the Carpathian foredeep geological play in areas with proven gas production and associated infrastructure. Prospex intends to use modern imaging, evaluation, and development techniques to support resource discovery and development. The company is currently gathering historic information on both licenses to assist in work program planning.

Prospex Energy subsidiary PXEN Tatra holds a 100% working interest in the San license and, subject to the license being formally granted, will hold a 100% working interest the Dunajec license. As an investment company, Prospex intends to introduce joint venture partners.