Prospex Vitality, an AIM-quoted firm investing in European fuel and energy tasks, has obtained formal notification that its wholly owned subsidiary PXEN Tatra has secured the San onshore licence space in southern Poland.
The corporate reported that the executive course of in regards to the Dunajec licence is ongoing, with additional updates anticipated when obtainable.
PXEN Tatra now holds a 100% working curiosity within the San licence and also will maintain a 100% working curiosity within the Dunajec licence.
The San and Dunajec licences, positioned inside the Carpathian foredeep geological play, lie in an space with current fuel fields and supporting infrastructure.
Prospex Vitality is gathering historic data on each licence areas to tell work programme planning and intends to use trendy imaging, analysis, and improvement strategies to future exploration and improvement actions.
The corporate’s method focuses on useful resource identification and subsequent improvement in areas with demonstrated hydrocarbon manufacturing.
Prospex Vitality CEO Tom Reynolds mentioned: “We’re delighted to have formally been granted the San licence, formalising our enlargement into Poland and including a 3rd European jurisdiction to our funding portfolio.
“San and Dunjac are positioned in some of the prolific fuel areas in Poland and we’re assured that our staff’s information and expertise coupled with the advantage of trendy exploration and improvement strategies will allow us to unlock strategic vitality sources at a time of rising market demand in Europe.”
The San licence addresses a foredeep fuel play with previous discoveries in each structural and stratigraphic traps. Historic fuel finds close to the San space have ranged from a number of billion cubic toes (bcf) to roughly 200bcf of fuel initially in place.
The Dunajec licence extends over 1,182km², together with the Miocene fuel play and extra oil and fuel prospects from the Cretaceous and Jurassic durations. The acreage additionally incorporates the undeveloped Mnisow oil discovery.
Prospex Vitality’s company technique targets the acquisition of undervalued onshore and shallow offshore alternatives all through Europe, with an purpose to attain speedy inner income era and asset improvement.
The corporate applies cost-effective re-evaluation strategies to cut back exploration danger and seeks to understand worth set off factors quickly after buying new licences.
In November 2025, Prospex Vitality submitted a whole environmental affect evaluation (EIA) for 5 new pure fuel wells on the El Romeral concessions to the Ministry for the Ecological Transition and the Demographic Problem (MITECO) in Madrid, Spain.
