Prospex Energy plc said its joint venture (JV) partner Po Valley Energy Ltd had received the production concession for the Podere Maiar onshore gas field in the Po Valley, northern Italy. LICENCE The gas field lies within the Selva Malvezzi production concession. Prospex owns a 37% working interest in the Podere Maiar licence with operator Po […]
Tag: Prospex Energy plc
Prospex Energy raises £1.87m through loan notes
Prospex Energy plc has raised £1.87 million via the issue of unsecured convertible loan notes to further the Selva gas discovery (37%) on the Podere Gallina permit in the Po Valley, Italy. TERMS A total of 27 individual subscribers include all four current directors and one former director of the company. The loan notes are […]
United nears closing sale of Selva interest
United Oil & Gas plc has received approval from authorities in Italy to transfer ownership of the company’s Italian assets to Prospex Energy plc. SPA UOG Italia Srl holds a 20% non-operated interest in the Podere Gallina licence, which contains the Selva gas development project. In August 2021, United signed a conditional sales and purchase […]
Prospex to appoint Alasdair Buchanan as NED
Prospex Energy plc intends to appoint Alasdair Buchanan to the board as an independent non-executive director. Mr Buchanan has 40 years’ experience in the upstream oil and gas industry and was most recently global energy director at Lloyds Register and chief operating officer and a director of Senergy Group plc. He was also a non-executive director […]
United to exit Italy with €2m gas assets sale
United Oil & Gas plc has signed a €2.165 million conditional sale of its Selva gas interests in Italy assets to Prospex Energy plc. RESERVES United’s subsidiary holds a 20% non-operated interest in the Podere Gallina licence, containing the gas development project, in the Po Valley region. Prospex will acquire 100% of the subsidiary, effective […]