Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksProspex Eng Regulatory News (PXEN)

Share Price Information for Prospex Eng (PXEN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 5.00
Bid: 4.80
Ask: 5.20
Change: 0.00 (0.00%)
Spread: 0.40 (8.333%)
Open: 5.00
High: 5.00
Low: 5.00
Prev. Close: 5.00
PXEN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Approval for Transfer of Ownership of UOG Italia

7 Apr 2022 07:00

RNS Number : 5534H
Prospex Energy PLC
07 April 2022
 

 

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

 

7 April 2022

 

Prospex Energy PLC

('Prospex' or the 'Company')

 

Approval for Transfer of Ownership of UOG Italia S.r.l.

 

Prospex Energy PLC, the AIM-quoted investment company focused on European energy projects, is pleased to announce that it has received approval from the Ministry of Ecological Transition ("MITE") for the change of control of 100% of UOG Italia S.r.l. ("UOG Italia") from United Oil and Gas plc (AIM:UOG) ("UOG") to Prospex. This was officially received on 4 April 2022 after close of business.

 

The change of control was the final condition stipulated in the Sale and Purchase Agreement ("SPA") with UOG and UOG Holdings plc (a wholly owned subsidiary of UOG), to conditionally acquire a further 20% working interest in the Podere Gallina Licence, which contains the Selva Gas Field ("Selva"), in the Po Valley region of Italy, signed on 9 August 2021 (announced on 10 August 2021).

 

Completion of the acquisition will occur when the deed of transfer is legally executed and funds are transferred to UOG to pay for the remainder of the acquisition cost, at which point a further announcement will be made.

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 

* * ENDS * *

 

For further information visit www.prospex.energy or contact the following:

 

Mark Routh

Prospex Energy PLC

Tel: +44 (0) 20 7236 1177

Rory MurphyRitchie Balmer 

Strand Hanson Limited

 

Tel: +44 (0) 20 7409 3494 

Colin RowburyJon Belliss

Novum Securities Limited

Tel: +44 (0) 20 7399 9427

Duncan VaseyLucy Williams

Peterhouse Capital Limited

Tel: +44 (0) 20 7220 9797

Susie GeliherAna Ribeiro 

St Brides Partners Ltd

 

Tel: +44 (0) 20 7236 1177

 

Notes

Prospex Energy PLC is an AIM quoted investment company focussed on high impact onshore and shallow offshore European opportunities with short timelines to production. The Company's strategy is to acquire undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low-cost re-evaluation techniques to identify and de-risk prospects. The Company will rapidly scale up gas production in the short term to generate internal revenues that can then be deployed to develop the asset base and increase production further.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCDZGGDLVFGZZM
Date   Source Headline
27th Mar 20247:00 amRNSFinal Settlement of Convertible Loan Note Debts
16th Feb 20249:02 amRNSHolding(s) in Company
31st Jan 202412:30 pmRNSItaly: Selva Field Development
19th Jan 20247:00 amRNSItaly: Selva Field Development
22nd Dec 20237:00 amRNSConversion of Loan Notes and TVR
18th Dec 20237:00 amRNSYear End Review and Business Development Update
1st Nov 20237:00 amRNSItaly: Selva Field Development - Q3 2023 Update
27th Sep 20237:00 amRNSConversion of Loan Notes and TVR
26th Sep 20237:00 amRNSConversion of Loan Note Debt and TVR
25th Sep 20237:00 amRNSConversion of Loan Notes and TVR
20th Sep 20237:00 amRNSHalf-year Report
5th Sep 20237:00 amRNSConversion of Loan Notes and TVR
1st Sep 20237:00 amRNSConversion of Loan Notes and TVR
29th Aug 20237:00 amRNSConversion of Loan Notes and TVR
7th Aug 20237:00 amRNSSuccessful ramp-up and commissioning of PM-1
27th Jul 20237:00 amRNSAward of Options
26th Jul 20237:00 amRNSConversion of Loan Notes and TVR
24th Jul 20237:00 amRNSNew Corporate Website
13th Jul 20238:09 amRNSConversion of Loan Notes and TVR
5th Jul 20237:45 amRNSInvestor Presentation
5th Jul 20237:00 amRNSStart of gas production from Podere Maiar-1
28th Jun 20237:00 amRNSItaly: Selva approved to commence gas production
20th Jun 202312:33 pmRNSResult of AGM
5th Jun 20237:00 amRNSAppointment of Fox-Davies as Corporate Broker
30th May 20237:00 amRNSItaly: Selva Field Development Update
26th May 20237:00 amRNSFinal Results
16th May 20238:30 amRNSSelva Field: Completion of gas plant construction
3rd May 20237:00 amRNSSpain: Project Helios Update
28th Apr 202311:04 amRNSHolding(s) in Company
19th Apr 20237:00 amRNSBoard Appointment
29th Mar 202312:14 pmRNSHolding(s) in Company
24th Mar 202312:00 pmRNSHolding(s) in Company
6th Mar 202311:05 amRNSSecond Price Monitoring Extn
6th Mar 202311:00 amRNSPrice Monitoring Extension
2nd Mar 20237:00 amRNSConversion of Loan Notes and TVR
1st Mar 202311:05 amRNSSecond Price Monitoring Extn
1st Mar 202311:00 amRNSPrice Monitoring Extension
1st Mar 20239:05 amRNSSecond Price Monitoring Extn
1st Mar 20239:00 amRNSPrice Monitoring Extension
28th Feb 20234:35 pmRNSPrice Monitoring Extension
28th Feb 202311:05 amRNSSecond Price Monitoring Extn
28th Feb 202311:00 amRNSPrice Monitoring Extension
28th Feb 20237:00 amRNSAward of Options
21st Feb 20237:00 amRNSConversion of Warrants Generates £20,000
15th Feb 20237:00 amRNSConversion of Loan Notes and TVR
14th Feb 20237:00 amRNSGas Sales Agreement signed with BP Gas Marketing
7th Feb 20237:00 amRNSDirectorate Change
6th Feb 20233:21 pmRNSHolding(s) in Company
3rd Feb 20237:00 amRNSConversion of Loan Notes and TVR
1st Feb 202310:43 amRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.