PROSPEX ENERGY PLC — Director's Dealing 2018

Aug 7, 2018

National Storage Mechanism | Additional information

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RNS Number : 9780W

Prospex Oil and Gas PLC

07 August 2018

Prospex Oil and Gas Plc / Index: AIM / Epic: PXOG / Sector: Oil and Gas

7 August 2018

Prospex Oil and Gas Plc

('Prospex' or the 'Company')

Director/PDMR Notification

Prospex Oil and Gas Plc, the AIM quoted investment company, announces that James Smith, Non-Executive Director of the Company, yesterday purchased 3,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 0.36 pence per Ordinary Share.

Following the abovementioned purchase, Mr Smith is interested in 10,000,000 Ordinary Shares, representing approximately 0.82 per cent. of the Company's issued share capital.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

* * ENDS * *

For further information visit www.prospexoilandgas.com or contact the following:

Edward Dawson	Prospex Oil and Gas Plc	Tel: +44 (0) 20 3766 0325
Rory Murphy Ritchie Balmer Jack Botros	Strand Hanson Limited	Tel: +44 (0) 20 7409 3494
Duncan Vasey	Peterhouse Corporate Finance	Tel: +44 (0) 20 7469 0932
Frank Buhagiar Charlotte Page	St Brides Partners Ltd	Tel: +44 (0) 20 7236 1177

Notes

Prospex Oil and Gas Plc is an AIM quoted investment company focussed on high impact onshore and shallow offshore European opportunities with short timelines to production. The Company's strategy is to acquire undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low cost re-evaluation techniques to identify and de-risk prospects. 

PDMR Notification

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

James Smith

2.

Reason for the Notification

a)

Position/status

Director of the Company

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Prospex Oil and Gas Plc

b)

LEI

213800NY9RH8O1B72D27

4.

Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of 0.1p each in the share capital of the Prospex Oil & Gas plc

Identification code

GB00BW4NPC58

b)

Nature of the Transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.36 pence	3,000,000

d)

Aggregated information

Aggregated volume Price

3,000,000

0.36 pence

e)

Date of the transaction

6 August 2018

f)

Place of the transaction

AIMX

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