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 […]
Tag: Prospex Energy plc
Prospex appoints Andrew Hay as independent NED
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 […]
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 […]