In addition to its flagship investment in Hutton Poland, Prospex has a number of additional investments within its portfolio, which provide strategic exposure to a range of upstream and downstream activities, offering further value uplift potential.
MOL Hungarian Oil and Gas Public Limited Company (MOL)
MOL is an integrated oil and petrochemicals group, headquartered in Budapest, Hungary, with operations in Romania, Serbia and Slovenia. The company has both upstream and downstream operations, providing Prospex with exposure to Central Europe’s strong GDP growth rates, and is part of multinational oil and gas company MOL Group
For more information please see MOL’s website https://mol.hu/en/
OMV Aktiengesellschaft (OMV)
OMV is the parent company of the OMV Group, an integrated group of oil and gas companies headquartered in Austria. Its upstream operations are focused on Central Eastern Europe, the North Sea, and the Middle East & Africa. Its downstream operations have significant refining capacity, filling stations and a gas pipeline network and storage facilities.
For further information, please see OMV’s website http://www.omv.com
Elephant Oil Limited
Prospex holds a 2.54% interest in Elephant Oil, a UK based oil exploration company with a focus on onshore West Africa. Elephant Oil’s primary asset is Block B, an exploration block in Benin, which Prospex believes has made good exploration progress and with continued interest, could generate significant value.
For additional information, please see Elephant Oil’s website http://elephant-oil.com/