Prospex Energy has submitted an environmental impact assessment for five new natural gas wells at the El Romeral concessions in Spain to MITECO in Madrid. The consultation process was completed without objections from any of the 29 statutory consultees, including associations and local stakeholders.

MITECO will review the documentation before recommending ministerial approval for the well permits, a process expected to take 90-180 days. Prospex owns 100% of Tarba Energía, which operates the El Romeral site with three production concessions. The proposed wells aim to target 18.2 bcf of gas resources.

Prospex CEO Mark Routh expressed confidence in the project’s value and development potential. Preparatory work for drilling is ongoing, including detailed well design and seismicity recording. The company filed the drilling application last year and completed the statutory EIA consultation in April, involving reports from various authorities.

Prospex Energy is advancing in the complex permitting process for drilling at El Romeral, showing progress towards final approval. The company remains optimistic about the asset’s future development potential and is pleased with the lack of objections or concerns during the consultation process. Background seismicity recording and preparatory work for drilling are in progress.

Read more at Yahoo Finance: Prospex Energy submits EIA for drilling at El Romeral project