Prospex Oil & Gas PLC’s 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”.