Member Info for TSSZ

Excellent news for Pxen, their figures are €100 MWh and Europe have just capped at €180/MWh

EU agrees on €180/MWh gas price cap

European Union's energy ministers agreed on Monday to establish a gas price ceiling of €180 per megawatt-hour (MWh). The Czech presidency of the European Council tabled a cap of €188/MWh, after an earlier proposal by the European Commission of €275/MWh was rejected as too high.

The cap will come into force on February 15. It will trigger if the Dutch TTF natural gas futures exceed the price of €180/MWh and are at least €35 above the average price of liquefied natural gas (LNG) for three days.

According to reports, Germany voted in favor of the cap, the Netherlands and Austria abstained, while Hungary was against it. "We have negotiated a cap on gas prices and managed to reach a very important deal to secure affordable energies for European households and businesses," Czech Prime Minister Petr Fiala said.

well looks like order filled again
time for the SP to move up, this time to a new high level
we should break 13p today and then boooooom

Wow 2 x 5 million shares bought = £1.2 million pounds
Now that’s got to be inside trading or some news leaking

I am glad I have be accumulating over the months

Boooom time soon

I think we definitely have a good news leak, lots of buying today, maybe everything has been fixed
wouldn't want to be out over this weekend
I am expecting an RNS on Monday morning now

MM dropping the sell price to get Pi’s to sell and keeping the buy price high, good luck if you fail for that old trick.

I just bought some more shares, all showing as sells

Boooooom time

I knew something was happening when the MM hid the big buys last week and this week

15p here we come

Excellent Rns

Prospex Energy PLC

('Prospex' or the 'Company')



Italy: Selva Field Development Update

Start of Gas Plant construction works and pipeline installation at Selva



Prospex Energy PLC (AIM: PXEN), the AIM quoted investment company focused on European gas and power projects, is pleased to provide an update on the development activity on the Podere Gallina Licence (the 'Licence') located onshore in the Po Valley region of northern Italy, in which lies the Selva gas field within the Selva Malvezzi Production Concession ('Selva'). Po Valley Energy Limited (ASX:PVE) ('Po Valley' or the 'Operator') released an update on the ASX overnight on 23 November 2022. Prospex holds a 37% working interest in the Podere Gallina licence with the Operator holding the remaining 63%.



Highlights

· Final approval to commence development activity received on 21 November 2022

· Works to prepare the tie-in to the SNAM gas grid network commenced on 19 November 2021

· Gas plant construction work and pipeline installation work is to commence 28 November 2022

· Podere Maiar remains on track for first gas in early Q2 2023

· Final stage of production concession application for Prospex submitted

· Po Valley, the operator, in dialogue with off-take partners for the sale of gas from Podere Maiar



Mark Routh, Prospex's CEO, commented:

"We are extremely pleased that Po Valley has confirmed that final permissions have been granted to start the development works on site and that Podere Maiar remains on schedule and on budget to achieve first gas early in the second quarter of 2023. Initial conversations with gas off-take partners for the sale of gas have commenced, which we have decided to sell jointly with the Operator Po Valley under a joint marketing agreement, which we believe will optimise the value of our gas sales and provide better value for our shareholders.



"In addition, the submission of our final application to the Ministry of the Environment and Energy Security to be approved as a gas producer took place on 21 November 2022. We believe that next year will be a transformational year for Prospex as we become a producer of gas in Italy as well as in Spain and very much look forward to keeping shareholders updated on our progress."



Gas Plant Construction and Pipeline Installation

On 19 November 2022, the engineering work commenced to connect the suspended well at Selva to the SNAM S.p.A. (BIT:SRG), the Italian energy infrastructure company's grid tie-in connection point.



On 21 November 2022 Po Valley confirmed that construction works at the Selva well site and the 4-inch pipeline installation will commence on 28 November 20222. The project is on schedule for first gas from Selva , from the Podere Maiar-1 well, early in the second quarter of 2023.



Production Concession Application submitted for Prospex

In addition, on 21 November 2022 formal applications were submitted to

The 316k shares buy I saw on another trading platform yesterday, which pushed the SP up yesterday is now showing today after market.

Sneaky MM held it back, what are they trying to hide

A big buy of 316k has pushed the SP up, this looks like the bottom and the SP has definitely bounced
Hopefully some news has leaked, currently the SP is a bargain

This will definitely be excellent news for Pxen and maybe get the Spanish license imminently

https://www.reuters.com/world/europe/spanish-parties-secure-exemption-regulated-energy-firm-activities-windfall-tax-2022-11-17/

Wow 2 x 6.85 million shares bought before market closed
No wonder the MM dropped the SP down to obviously fill these large orders

Get ready for take off

I personally think the Spanish licence will be granted very soon, with companies leaving the UK and NOT investing in the UK anymore, coz of the ridiculous Windfall tax.
Italy licence approved, next Spain licence hopefully approved coz winter is coming and the reliance on the energy sector will not be able to fulfil the supply and demand, if they grant it now then the companies can produce ASAP and not rely on Russia

DYOR

Topped up again today, when we are 20p or 30p we will regret not buying at these cheap prices

I have been topping up all day, its a no brainer, cheap bargain price, considering it was nearly 13p this week
but i feel sorry for all those who sold at 9p range this morning

just look how pxen has bounced back up from this morning it was over sold and to reiterate again the Rns this morning has NO negative impact on the company, in fact it has a positive impact

thanks for the drop in SP, picked up a bargain

yes great price to top up
nothing has changed here, pxen still has its percentage in that field and pxen won't sell their %
the other company will have to takeover pxen at 30p

see now the SP ticks up to 81p

basically all the 80p trades are buys, the MM are manipulating the SP to get PI's to sell

no the sell price was 79p, i did a dummy sell, the MM are filling large buy orders at 80p, hence why they are trying to get as many PI's to sell, so the 80p limit order is filled.
the MM are willing to buy all my shares currently

WOW 1 million shares just bought
News imminent, then JSE will fly to 100p+ then 120p+

the MM are dropping the SP to fill these big large orders

can't buy any shares, maximum at one time was £40
I think we will have breakout very soon
Institution probably increase their % for a good reason