Prospex Energy plc awarded a total 4,200,000 share options in the company to directors and staff following the start of gas production from the Podere Maiar-1 well in Italy. PREMIUM The options at 7p per share represent an 11.1% premium to 6.3p, the closing price on 26 July 2023. The awards represent 1.43% of the […]
Tag: Prospex Energy plc
Prospex marks first gas from Podere Maiar-1
Prospex Energy plc reported first gas on 4 July from the Podere Maiar-1 gas facility at the Selva field within the Podere Gallina licence in the Po Valley region of northern Italy. POTENTIAL First gas follows completion of operational and safety inspections and approvals last week at the joint venture project. Podere Maiar-1 will provide […]
Prospex clears delayed fire safety checks at Selva
Prospex Energy plc has cleared final safety checks to start gas production from Podere Maiar-1 at the Selva gas field in the Po Valley region, northern Italy. MOBILISATION The company had faced delays due to regional severe flooding but has now received formal documentation for operations to begin in eight days following completion of all […]
Prospex recovers €280,090 net performance bonds
Prospex Energy plc has received €280,090 net owed performance bonds from the Italian state for completing the gas pipeline tie-in from the Selva gas field joint venture in Po Valley, Italy. AGREEMENT Project operator Po Valley Operations Pty Ltd (PVO) holds 63% and Prospex has a 37% working interest. PVO recovered gross performance bonds of […]
Prospex to use strong foundations for organic growth
Prospex Energy plc said it had laid the foundations for organic growth at its operations from the Selva gas field in Italy and electricity generation in Spain. FINANCES Audited final results for the year ended 31 December 2022 showed an increase of the company’s total assets to £16,064,640 (2021: £6,697,305). Prospex added that the 240% […]
Prospex Energy connects Selva gas plant
Prospex Energy plc has completed construction of the gas plant and connection to the gas grid at the joint venture (JV) Podere Maiar-1 wellsite of the Selva field in the Po Valley, Italy. ACHIEVEMENT Following final operational and safety inspections, delivery of gas to the market expected to begin by the end of May. Po […]