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Prospex Oil and Gas Plc / Index: AIM / Epic: PXOG / Sector: Oil and Gas
Blenheim Natural Resources Plc (the "Company" or "Blenheim") is pleased to announce the appointment of Mr Christian Schaffalitzky as a Non-Executive Director of the Company with immediate effect.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
2015 and the first part of 2016 was a transformational period for the Company. In April 2015, Prospex became an AIM investing company. Since April 2015, the new management team has reviewed over 20 projects and over the period the Company made several investments. The most significant investment to date is the acquisition of 49% of the shares of Hutton Poland which in turn holds the Kolo license.
We will take a look at five companies that pay a dividend and currently have little or no debt on their balance sheets.By looking at the debt of a company we can locate some very financially healthy b