Member Info for Stiffybristol

Added 500,000 @ 3.64

Yes agree 100%. Directors are buying because the shares represent excellent value. It is likely that Tom Reynolds will know more about the company than Gusto but you decide that whilst you keep yourself safe.

Permits on the Way.

JV deal at a late stage with El Rom new partners to drill and connect the 5 new wells to Gas Grid.

No doubt Gusto will chup up when there is price drop that the world is Nigh!

Stay safe and seatbelt up.

It was a Bed and Isa. Not a sell.

Prospex is up for sale either in bits or as a whole. So you could see this jump up 25p to 28p one day with the right offer. Alternatively PV has been valued to sale and our 37% is worth 17p to Prospex. That influx of cash to the company could give the opportunity for the company to buy back its own shares. When Tom Reynolds got the job, this was the remit and this is what he is working too. As Gusto eludes there is not the finance or desire to fund raise to drill. If PV feel the same way, I am sure Prospex wil agree. Prospex has strong European assets, that are capable of a £50M a year profit post drill (without Tessorillo).

Waiting for permits, so just treading water atm. Production levels 60% up at Selva so banking extra cash. TR packaging things up with JV partners.

The RNS was what we knew. Big thanks perhaps to the famous five, who have been adding not selling at these silly levels.

Key points* £13M Mk cap - 5 different assets all at different stages but all valuable, all with scope to be better. all are up for sale. Possible share buy back on the way or special dividend or offer. £15M worth of tax losses have a value as well. All the infrastructure at Selva (37%) El Rom (100%) Viura (7.25%) is massive investment. Believe facts or Silly Gusto, its up to you how you stay safe.

Just added some more ahead of the results expected in the next couple of days. We know they take account of the events up to Dec 2025 so the Viura and El Rom problems will be in there. New Broom sweeping clean and EL ROM permits are official overdue from Monday 8th June. Tom working on a JV deal that will see El Rom 5 wells connected. Po Valley (see latest updates) valued to be sold when those permits land is the equivilant of 17p per share for Prospex 37%. Poland looking better than originally thought. All getting packaged to sell, might be as one, might be in bits. Selva producing £700K per month at current TTF, Viura will be the same. So add that lot up and divide by 3.2p.

I am not a holder but a lot of debt has been settled recently for shares. Seems pointless if it is not going to be something.

Seismics have been paid.

The main people that you hate are well locked in with around 150 million shares, they can't sell that amount you stupid idiot. The exit route is a liquidity event where the company is sold. This will be with the alignment of permits. Italy x 4 - El Rom x 5- Viura (already) and Poland (early stage). That alignment could be 2028 but could be earlier, it all depends on the bids a 10p bid now might be sucessfull, in fact a 6p bid would get quite a lot of the company. If those permits take time the values of Viura, Selva get stronger. South Spain with be a farm out so we will own less of the 100% but be funded. Poland is still unknown , but each assett is capable of 10-20M profit to Prospex each year and there are 4 of them. You have to factor risks, but conservatively what is a company making 40M worth? if it got sold on a forward PE of just 2 thats 16p per share. A lot of people including the brokers think 40p. Tom is talking to potential partners as we speak. Tom is aware about shareholder dilution and clearly stated it is not his intention to issue more shares. If we need more money the preferred route will be farm outs, private partnerships. So in a nutshell the company is groomed for a sale. The Gusto crap is very tiresome and very fake. No major shareholder has sold shares recently, it could be from the second tranche of CLNs it could even be the same trader that bought into the first CLN and sold quickly and maybe used those funds to rebuy into the second CLN and is now selling. This share is all about strong assetts, with the new leadership the associated problems are a thing of the past. With any share though it is simply BUYS versus SALES that equate to the price MMs are really only bookmakers.

Simon yes I agree good prsentation. Selva is more like 2028 so better news as the funding is not imminent and the money generated pays the run cost plus £750k of overs. Viura is probablya more difficult situatiom to understand. El Rom we knew was running on fumes. Poland looks better and better and Tom eluded to some shallow oil plays. Will needs lots of money but farm outs will be sought to derisk. Main thing to detect is SALR OF ASSETS OR COMPANY and when questiined on price he referred to Brokers note which is 40p.

Yay... This is great news..is it? YES VERY GOOD NEWS EACH OF THESE COULD BE £100Million value fights, PXEN work with Poland authorities has paid off.

Develop the Poland field with what cash? Needed to raise cash to afford the Italy seismic, what about here?THERE ARE NO TIME CONSTRAINTS AT THE MOMENT AND IT IS LIKELY THAT THERE WILL BE A FARM OUT WHICH WILL DE-RISK. Italy we were the farm out so totally different, plus Italy earns c£5M atm and rising to £25M with new drills.

Stuffy is selling his clns, crafty man. NOW YOU ARE TALKING CRAP. I AM TOTALLY BEHIND THIS COMPANY

How many total cln left to sell? I'll let you guys do the maths. THE SAME AMOUNT I STARTED WITH

Stay safe

There has been a Polish team set up for a while and this is great news with the two awards.

No doubt Tom will fill us in with more news on Thursday.

PXEN as an investment company will look to farm out.

Great timing with the need for European Energy Security.

They have strong assetts. They have great forward assetts. They have a good team of HNWI as main shareholders. They have a new CEO aligned with shareholders. Yes I took the CLN, yes I am a shareholder. Yes I want the share to go up.

YOU are a sandcastle kicker. You are very ill informed. Your pasts posts on companies are all the same. Overall you are just an idiot.

Except it did not destroy the share price it increased by 40%.

Some very silly people on here that can't add up.

Understand that this company was turned around by a group of shareholders that removed Mark Routh who was cause in the drop in the share price. The CLN was forced and urgent in December to pay the Seismics in Italy. So all now paid, the company is earning money via Italy and via Spain although the Northern Spanish investment has the income accruing to a fund, but the investment will reap 3/4 the current income when that well is drilled. El Rom is contributing very little but its the forward plan that is worth the ££££. 100% owned the infrastructure is all there. Poland and Tessorillo are free throw ins. The main thing to remember is Tom Reynolds remit is to package the company and sell. The main shareholders believe the value to be between 20-40p that depends on TTF levels, permits etc. There will be farm ins to raise money. Prospex is not a rubbish company, there is no pump and dump by the big holders, some were adding more even yesterday. I DO EXPECT LOTS OF SELLING WHEN the share hits 4.5p 5p 5.5p 6p every level will see people cashing in. The real value of this share today is probably 12-13p but with plenty of upside.

There is still another 1,000,000 shares to trade from the CLN sellers 5,000,000. They need to clear.

Stiffy..... Sure... This will be the last time I speak with you unless you stop being a clown

I understand that the 3p clns are selling off. ONE PERSON HAS CONVERTED AND SOLD THE 3P CLN. IT MAKES NO SENSE TO SELL NOW UNLESS YOU DESPERATELY NEED THE MONEY, IT CARRIES A 12% INTREST PAYMENT PER YEAR AND SO YOU CAN CONVERT AT ANYTIME. I TOOK THE CLN AND LIKE OTHERS WHO DID IF I WANTED SOME MONEY I WOULD SELL SHARES I OWNED RATHER THAN CONVERT THE CLN.

Is Viura producing? YESSTILL PRODUCING AND ADDING MONEY TO THE FUND FOR THE NEXT DRILL SO THIS ASSETT IS NATURALLY INCREASING IN VALUE BY c £4-5m PER YEAR AND THE SECOND WELL WILL INCREASE PRODUCTION INCOME IN 2027

El rom not producing much if anything at all. EL ROM IS PRETTY MUCH DONE AS THE SINGLE WELL, ALL THE INFRASTUCTURE IS READY FOR THE 5 NEW WELLS, PERMITS ARE CLOSE BUT YES GOVERNMENT RED TAPE HOLDS UP A LOT OF THINGS, FARM OUT DEALS ARE BEING NEGIOTATED

Selva is the only one producing cash right now. They needed to raise pay for the seismic. SEISMICS DONE AND PAID I THINK IT WAS £700K FROM THE 1ST CLN. SELVA &EL ROM & VIURA are ALL PRODUCING RIGHT NOW. CAPEX COSTS ARE FAIRLY LOW. EL ROM IS NO LONGER ENOUGH THOUGH AS THE STREAM IS PROBABLY WEAKER

So where is all the cash? INCOME OF ABOUT £500K PER MONTH, PLUS THE MONEY FROM THE CLN. IF THEY NEEDED MORE THEY WOULD NOT HAVE SCALED BACK ON THE CLN. THAT SHOULD BE THE BIGGEST SIGN IN THAT RNS THAT YOU FAILED TO READ. THEY DO NO WANT TO ISSUE PAPER AT 3P . YOU ARE LETTING ONE ROGUE SELLER MUDDLE YOUR MIND . PERHAPS YOU WOULD LIKE TO TYPE BACK YES I UNDERSTAND NOW

Gusto - you should not be investing in shares you dont have the abilty to understand.

Makes no sense in selling a CLN at the moment.

At April 1 you got 3% capitalised so another 1 share for 33 if you waited 14 days. At July 1 you get the same 3%.

Looks like a single trader that took the CLN and has simply bought at 3 and gone for 4. Almost any other big buy/sale would trigger a TR1.

Long term prospects are much better at the moment.

Permit news in Spain, farm outs, Poland news due. Higher TTF. Energy security which could unlock the big one.

PXEN has a market cap of £15M. (includes CLNs converted)

PXEN is producing £9M annually

PXEN has several trigger points to increase production

PXEN HAS a great shareholder base with a TG group that will not tolerate past issues. The company will be run for the benefit of the shareholders.

Find a better oil company that is actually pumping for the current MK cap.

Tom the new CEO has been installed to package and sell at many multiples of todays price.