Prospex, through its wholly owned subsidiary PXEN Tatra, holds the San and Dunajec onshore exploration licence areas in southern Poland.

Both licences are located within proven gas-producing regions with strong prospectivity. The supportive political and regulatory regime combined with Poland’s active oil field service community create the potential to unlock new reserves within a short timeframe.

The Dunajec licence also includes a shallow undeveloped oil discovery with near-term commercial potential, which the Company plans to assess to determine the opportunity for early development.