Prospex Energy plc has appointed Andrew Hay as an independent non-executive director (NED), with immediate effect. Mr Hay is a graduate of Oxford University with more than 30 years’ experience as a banker in London and New York, covering corporate banking, the debt and equity capital markets and international M&A. He is currently a senior […]
Tag: Prospex Energy plc
Prospex awards 3.7m share options to PDMRs-staff
Prospex Energy plc has granted a total of 3,700,000 share options in the company to directors and other staff following the annual review of staff remuneration. OPTIONS The new options represent 1.30% of the Prospex’s current issued share capital, and take the total number awarded to staff and management to 14,346,897, representing 5.04% of the […]
Prospex Energy receives £20,000 in warrant exercise
Prospex Energy plc has received £20,000.52 following notices for the exercise of warrants to subscribe for 666,684 new ordinary shares of 0.1p each in the company. USES The exercise price is 3 pence per warrant exercised. “These two warrant conversions are the last two 3p warrants remaining from the equity fund raise that took place […]
Prospex welcomes gas sales agreement for Selva
Prospex Energy plc said that a gas sales agreement (GSA) had been signed for the Selva Malvezzi joint venture (JV) production concession in the Po Valley of Italy. FIRST GAS The deal is between the operator Po Valley Operations Pty Ltd (63%), a wholly owned subsidiary of Po Valley Energy Ltd, and BP Gas Marketing […]
Prospex joint founder and NED Richard Mays resigns
Prospex Energy plc joint founder and non-executive director Richard Mays has resigned with immediate effect. The company said that Mr Mays’ decision was made for personal reasons and as a result of other commitments, but that he remained committed to the long-term prosperity of Prospex. “The board of Prospex thanks Richard for his commitment and […]
Prospex predicts transformational 2023
Prospex Energy plc said it expected a change in fortunes in the new year as its joint venture partner nears construction on the Podere Gallina licence within the Selva gas field in the Po Valley region of northern Italy. PREPARATIONS The company holds a 37% working interest in the licence and Australian operator Po Valley Energy […]