Prospex Energy Provides Update on Viura Field Production Reinstatement
Why we think this is neutral
The RNS announcement provides an update on the planned workover to reinstate production from the Viura field, but does not contain any of the mandatory news types such as contract news, trading update, or financial results. As such, the sentiment is considered neutral.
Key Points
- Workover rig on site to repair leak in Viura-1B well
- Reinstatement of production from Viura-1B well imminent
- Prospex owns 7.24% working interest in the Viura field
Summary
The oil and gas company provides an update on the planned workover to reinstate production from the Viura field in Spain.
Prospex Energy Plc (AIM: PXEN) has been advised by the operator of the Viura field, HEYCO Energia Iberia S.L., that the workover rig to repair a leak in the completion tubing in the Viura-1B well is currently on site and operational. The reinstatement of production from the Viura-1B well is therefore imminent. Prospex owns a 7.24% working interest in the Viura field.
GENERAL UPDATE