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(Alliance News) - Prospex Energy PLC on Monday said Po Valley Energy Ltd has completed the ramp-up and comissioning process at the Podere Maiar-1 gas facility at the Selva field in northern Italy.
Read moreProspex Energy PLC - Europe-focused gas and power project investor - Announces the start of gas production from the Podere Maiar-1 gas facility at the Selva field in the Po Valley region of northern Italy. First gas was achieved following the completion of operation and safety inspections. This will provide the company with its maiden revenue from the Selva Malvezzi production concession in Italy. PM-1 will provide gas directly to the domestic Italian market under an 18-month supply agreement with BP Gas Marketing, announced back in February.
Read more(Alliance News) - Prospex Energy PLC on Wednesday said that the gas facility at Selva field in Italy has received all approvals needed to start gas production.
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(Sharecast News) - Gas and power investor Prospex Energy has successfully completed the final safety checks on the gas facility at the Selva field in the Po Valley region of northern Italy, it announced on Wednesday.
Read moreProspex Energy PLC - Exploration investment company with core investments in Spain and Italy - Notes Po Valley Energy Ltd has recovered the EUR757,000 performance bond funds deposited with Snam Spa, the Italian national transmission system operator. Po Valley Energy Ltd is the operator of the Selva Malvezzi production concession in which Prospex holds a 37% stake. Mark Routh, Prospex's chief executive comments: "The team at Po Valley continues to deliver on behalf of the joint venture and the new gas plant facility and grid connection has been approved by the Italian national Transmission System Operator. The return of the SNAM bond is an expected but welcome boost."
Read more(Sharecast News) - Prospex Energy reported a significant increase in total assets in its final results on Friday, reaching £16.06m, compared to £6.7m in 2021.
Read moreProspex Energy PLC - investor in onshore and shallow offshore European gas and power projects - Completes construction of gas plant at Podere Maiar-1 well site at the Selva project in the Po Valley of Italy. Says PM-1 gas connection to grid also completed and anticipates first gas supply before the end of May. Po Valley Operations Pty Ltd operates the Selva concession and holds a 63% ownership interest. Prospex holds the remaining 37% working interest.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read more(Sharecast News) - Prospex Energy announced on Wednesday that its photovoltaic hybridisation solar project at the El Romeral power plant, known as 'Project Helios', was progressing well, ahead of its final investment decision.
Read moreProspex Energy PLC - investor in onshore and shallow offshore European gas and power projects - Receives notice for exercise of warrants to subscribe for 2.5 million new shares at 4.25 pence each, generating GBP104,784. Following admission, there will 284.1 million shares in issue.
Read more(Sharecast News) - Prospex Energy has signed an 18-month gas sales agreement with BP Gas Marketing, it announced on Tuesday, for its Podere Maiar-1 production facility in Italy.
Read more(Alliance News) - Prospex Energy PLC on Tuesday said it signed an 18-month gas sales agreement with BP International Ltd subsidiary BP Gas Marketing Ltd, beginning from April 1 with an option to extend.
Read more(Alliance News) - Prospex Energy PLC on Wednesday said it had received final approval to begin development at the Podere Gallina licence in northern Italy.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
Read moreProspex Energy PLC - investor in onshore and shallow offshore European gas and power projects - Receives notice for exercise of warrants to subscribe for 2.7 million new shares at 3 pence each, generating GBP80,000. Following admission, there will 277.6 million shares in issue. Explains that 92% of warrants issued in March 2021 are now converted. Chief Executive Officer Mark Routh estimates that the warrants so far have generated GBP750,000 income for Prospex.
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