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  5. AIM WINNERS & LOSERS: Pure Gold gets court approval; Prospex falls

Pin to quick picksProspex Eng Share News (PXEN)

Prospex Eng Information

Share Price Information for Prospex Eng (PXEN)

London Stock Exchange
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Share Price: 7.65
Bid: 7.50
Ask: 7.80
Change: 0.15 (2.00%)
Spread: 0.30 (4.00%)
Open: 7.50
High: 7.65
Low: 7.30
Prev. Close: 7.50
PXEN Live PriceLast checked at -

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AIM WINNERS & LOSERS: Pure Gold gets court approval; Prospex falls

Fri, 11th Nov 2022 11:22

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Pure Gold Mining Inc, up 44% at 1.58 pence, 12-month range 59.50p-1.58p. Says Supreme Court of British Colombia grants a Sales & Investment Solicitation Process Order. The SISP Order approves a sales and investment solicitation process for all the company's assets, undertakings and property. The order also approves the engagement of National Bank Financial as the company's sales agent.

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IOG PLC, up 8.4% at 12.69 pence, 12-month range 46.00p-7.10p. Says first gas expected from Southwark A1 well in the second quarter of 2023. First gas is expected from Southwark A2 well around the end of this year. Also says Saturn Banks Pipeline System has been depressurised to enable safe installation of final subsea spool connecting to Southwark over the coming days. CEO Rupert Newall says "for the remainder of 2022, our top priorities are safe and timely resumption of Saturn Banks production after the Bacton shutdown and successful stimulation to deliver first gas at the Southwark A2 well"

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Tlou Energy Ltd, up 11% at 1.89 pence, 12-month range 3.40p-1.21p. Raises AUD3 million, or GBP1.7 million, from placing of 85.7 million new shares. The funds will help develop the Lesedi Power project in Botswana. Raises AUD2 million via an entity controlled by Ian Campbell. Campbell will hold 19% of issued share capital. Campbell indicates he intends "to remain a long term strategic investor" and expresses willingness to "potentially provide further financial support."

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AIM - LOSER

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Prospex Energy PLC, down 12% at 9.88p, 12-month range 12.50p-2.30p. Investee Warrego Energy confirms all-share merger proposal from Strike Energy. Strike Energy does not want to participate in assets outside Australia, and so, under any proposal, Warrego will divest from its Spanish assets. Warrego currently invested in Tarba Energia SL and holds an interest in assets owned and operated by Tarba in southern Spain.

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By Chris Dorrell; chrisdorrell@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
25 Oct 2022 10:58

IN BRIEF: Prospex shares up as funds secured for first Selva gas

Prospex 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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23 Sep 2022 14:39

IN BRIEF: Prospex Energy conversion of warrants to generate GBP100,000

Prospex Energy PLC - investor in onshore and shallow offshore European gas and power projects - Receives notice for exercise of warrants to subscribe for 33.3 million new shares at 3 pence each, generating GBP100,000. Following admission, there will 270.8 million shares in issue.

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22 Sep 2022 22:14

TRADING UPDATES: Prospex Energy profit up; Petro Matad widens loss

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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22 Sep 2022 08:33

IN BRIEF: Prospex Energy says Podere Maiar well in Italy is on track

Prospex Energy PLC - investor in onshore and shallow offshore European gas and power projects - Says Po Valley Energy Ltd has secured ownership of the land for its Podere Maiar well site in the Selva gas field in Italy. Prospex holds a 37% interest in the Podere Maiar licence, while Po Valley holds the remaining 63%. Prospex says all materials related to the 1km gas pipeline have arrived on site, including the 4-inch steel pipe that will be used for construction of the pipeline connecting Podere Maiar to the national gas grid. Expenditure relating to land titles and pipeline remain within budget. Podere Maiar, which is in north east Italy, is expected to deliver first gas in the second quarter of 2023.

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5 Sep 2022 11:24

IN BRIEF: Prospex Energy raises GBP500,000 for gas production in Italy

Prospex Energy PLC - exploration investments in Spain and Italy - Raises GBP500,000 via issuing unsecured convertible loan notes to existing and new investors.

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11 Aug 2022 11:05

IN BRIEF: Prospex Energy JV signs construction pact at Italy gas field

Prospex Energy PLC - exploration investments in Spain and Italy - Says joint venture partner Po Valley Energy Ltd has signed a construction pact with Italian engineering firm TESI at the Podere Maiar gas field in northern Italy. Says TESI will install a four-inch pipeline connecting Podere Maiar to Italy's gas grid. Prospex Energy says the contract "secures development costs and timing at the Podere Maiar field, with construction costs EUR130,000 less than previously forecast". Gas producer Po Valley holds 63% of working interest in the Podere Maiar licence, while Prospex holds the remaining 37%.

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8 Aug 2022 12:54

IN BRIEF: Prospex Energy shares up as solar panels installed on plant

Prospex Energy PLC - exploration investment company with core investments in Spain and Italy - Says it has completed the installation of a 41.5 kilowatt of 83 solar panels on the roof of the El Romeral power plant, called Project Apollo, last Thursday in Spain. Prospex says the installation cost less than EUR50,000. The company holds a 50% working interest in El Romeral through its interest in hybrid energy provider Tarba Energia SL.

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1 Aug 2022 19:32

IN BRIEF: Prospex Energy second quarter revenue from El Romeral drops

Prospex Energy PLC - exploration investment company with core investments in Spain and Italy - For the second quarter of 2022, revenue from the El Romeral power plant drops 12% to EUR925,134 from EUR1.0 million in the prior quarter.

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29 Jul 2022 14:39

IN BRIEF: Prospex Energy shares rise as production concession received

Prospex Energy PLC - exploration investment company with core investments in Spain and Italy - Receives approval for production concession at Podere Maiar gas field in the Po Valley onshore in northern Italy, lying within the Selva Malvezzi production concession. Anticipates first gas at Italy's Selva in first half of 2023. Prospex holds a 37% working interest in the Podere Maiar licence.

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25 Jul 2022 19:40

TRADING UPDATES: SSE issues green bond; Bank of Cyprus staff exits

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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24 Jun 2022 11:39

Prospex begins first solar diversification project at El Romeral

(Sharecast News) - Prospex Energy announced on Friday that the first of two projects in solar generation diversification at the El Romeral power plant in southern Spain had started.

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24 Jun 2022 10:07

IN BRIEF: Prospex Energy installs solar panels at El Romeral plant

Prospex Energy PLC - exploration investment company with core investments in Spain and Italy - Begins the first of two projects at El Romeral power plant in southern Spain to diversify its solar generation. The installation of solar panels on the roof of the plant is expected to complete by the end of July. This, it adds, will increase sales of electricity from the plant and give it a total installed peak capacity of 41.5 kilowatt hours. Prospex holds a 50% working interest in El Romeral through its interest in Tarba Energia SL. Cost of installation is EUR50,000 and has been financed from funds from Tarba.

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6 Jun 2022 12:10

TRADING UPDATES: Nanoco ups outlook; Seeing Machines wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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19 May 2022 17:45

TRADING UPDATES: CT Automotive achieves record annual revenue

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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29 Apr 2022 21:39

TRADING UPDATES: Rotala buys buses; Aukett Swanke sells John R Harris

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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