Source - SMW
Prospex Oil and Gas has acquired a 17% working interest in Italy's Podere Gallina exploration permit from Po Valley Energy for €1.15m.

The company has also raised £1.6m through a placement of shares 0.43p each to help fund the deal. 

At 9:28am: (LON:PXOG) Prospex Oil  Gas share price was +0p at 0.49p