Prospex Energy, an AIM-quoted company investing in European gas and power projects, has received formal notification that its wholly owned subsidiary PXEN Tatra has secured the San onshore licence area in southern Poland.
The company reported that the administrative process concerning the Dunajec licence is ongoing, with further updates expected when available.
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PXEN Tatra now holds a 100% working interest in the San licence and will also hold a 100% working interest in the Dunajec licence.
The San and Dunajec licences, located within the Carpathian foredeep geological play, lie in an area with existing gas fields and supporting infrastructure.
Prospex Energy is gathering historical information on both licence areas to inform work programme planning and intends to apply modern imaging, evaluation, and development methods to future exploration and development activities.
The company’s approach focuses on resource identification and subsequent development in regions with demonstrated hydrocarbon production.
Prospex Energy CEO Tom Reynolds said: “We are delighted to have officially been granted the San licence, formalising our expansion into Poland and adding a third European jurisdiction to our investment portfolio.
“San and Dunjac are located in one of the most prolific gas regions in Poland and we are confident that our team’s knowledge and experience coupled with the benefit of modern exploration and development techniques will enable us to unlock strategic energy resources at a time of rising market demand in Europe.”
The San licence addresses a foredeep gas play with past discoveries in both structural and stratigraphic traps. Historical gas finds near the San area have ranged from several billion cubic feet (bcf) to approximately 200bcf of gas initially in place.
The Dunajec licence extends over 1,182km², including the Miocene gas play and additional oil and gas prospects from the Cretaceous and Jurassic periods. The acreage also contains the undeveloped Mnisow oil discovery.
Prospex Energy’s corporate strategy targets the acquisition of undervalued onshore and shallow offshore opportunities throughout Europe, with an aim to achieve rapid internal revenue generation and asset development.
The company applies cost-effective re-evaluation techniques to reduce exploration risk and seeks to realise value trigger points soon after acquiring new licences.
In November 2025, Prospex Energy submitted a complete environmental impact assessment (EIA) for five new natural gas wells at the El Romeral concessions to the Ministry for the Ecological Transition and the Demographic Challenge (MITECO) in Madrid, Spain.
