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Share Price: 7.25

Bid: 7.00

Ask: 7.50

Change: 0.20 (2.84%)

Spread: 0.50 (7.143%)

Open: 7.05

High: 7.40

Low: 7.05

Prev. Close: 7.05

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

Mon, 05th Sep 2022 11:24

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

The proceeds will go towards its first gas production at Selva in Italy, London-based firm says.

Says it is on schedule for first gas from Selva field in the second quarter of 2023.

Company holds a 37% working interest in the Podere Maiar licence. In July, Prospex received approval for production concession at Podere Maiar gas field in the Po Valley onshore in northern Italy, within the Selva Malvezzi production concession.

Current stock price: 6.40 pence, up 14% on Monday

12-month change: up 78%

By Tom Budszus; tombudszus@alliancenews.com

More News

20 Sep 2023 16:24

EARNINGS: ASA interim profit plummets; Mycelx loss narrows, revenue up

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

1 Sep 2023 10:56

AIM WINNERS & LOSERS: Accsys Technologies drops on weakening demand

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

7 Aug 2023 10:10

Prospex notes completion of ramp-up at Podere Maiar-1 gas facility

(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.

5 Jul 2023 13:02

IN BRIEF: Prospex Energy achieves first gas at Selva field in Italy

Prospex 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.

28 Jun 2023 16:17

Prospex Energy hails Selva field approval to start gas production

(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.

28 Jun 2023 13:49

Selva field nearing production, says Prospex Energy

(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.

30 May 2023 17:49

IN BRIEF: Prospex JV partner recovers performance bond funds in Italy

Prospex 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."

26 May 2023 13:44

Prospex upbeat on outlook as total assets surge

(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.

16 May 2023 13:54

IN BRIEF: Prospex Energy completes gas plant construction in Italy

Prospex 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.

3 May 2023 19:22

TRADING UPDATES: EKF Diagnostics completes quality management audits

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

3 May 2023 11:47

Prospex Energy making progress at Helios solar project

(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.

15 Feb 2023 12:08

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 2.5 million new shares at 4.25 pence each, generating GBP104,784. Following admission, there will 284.1 million shares in issue.

14 Feb 2023 16:55

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Prospex Eng Share News (PXEN)

Share Price Information for Prospex Eng (PXEN)

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

EARNINGS: ASA interim profit plummets; Mycelx loss narrows, revenue up

AIM WINNERS & LOSERS: Accsys Technologies drops on weakening demand

Prospex notes completion of ramp-up at Podere Maiar-1 gas facility

IN BRIEF: Prospex Energy achieves first gas at Selva field in Italy

Prospex Energy hails Selva field approval to start gas production

Selva field nearing production, says Prospex Energy

IN BRIEF: Prospex JV partner recovers performance bond funds in Italy

Prospex upbeat on outlook as total assets surge

IN BRIEF: Prospex Energy completes gas plant construction in Italy

TRADING UPDATES: EKF Diagnostics completes quality management audits

Prospex Energy making progress at Helios solar project

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

Prospex inks Italy gas sales deal with BP

Prospex Energy signs 18-month gas sales deal with BP Gas Marketing

Prospex Energy gets final approval for Podere Maiar site development

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Prospex Eng Share News (PXEN)

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