Prospex gets Poland government okay for well

Prospex Oil and Gas said approval has been received from Poland's Ministry of Environment to drill the onshore Boleslaw-1 well in the 1,150 sq km Kolo Licence.

Boleslaw-1 is targeting gas in an active petroleum system and remains on track to be drilled in Q4 2016.

Following approval, the next step will involve filing the final application for the drilling permit (Plan Ruchu), which is expected to be completed shortly.

Kolo is 100% owned by Strzelecki Energia Sp z.o.o ('Strzelecki'), a wholly owned subsidiary of Hutton Poland Limited ('Hutton') in which Prospex holds a 49% interest.