- Prospex Oil and Gas said drilling had commenced on a well in Romania in which it held a 50% stake.

The Bainet-2 well is being drilled by partner and operator Raffles Energy.

It was targeting the Bainet West prospect, which was lying at a depth of around 600 metres.

Drilling and testing at Bainet West were expected to take 15 - 20 days to complete.

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