Prospex Energy plc chief executive officer Tom Reynolds today bought 500,000 ordinary shares of 0.1 pence each in the company, at an average 3.12 pence per ordinary share. HOLDINGS The £15,600 purchase results in Mr Reynolds holding 1,198,549 ordinary shares, representing approximately 0.28% of Prospex’s total issued share capital. The company has onshore gas exploration and […]
Tag: Selva gas field – Podere Gallina licence – Po Valley
Prospex posts rise in gas production-revenues
Prospex Energy plc reported a 187% increase in net production to 70,000 standard cubic metres per day, and in net revenues helped by price rises, from its natural gas investments onshore Spain and Italy. VIURA The Viura field located in La Rioja, northern Spain averaged 217,000 scm/d for February to March 2025, net to Prospex […]
Prospex raises £859,323 via wrap retail offer
Prospex Energy plc has raised £859,323.60 via a “significantly oversubscribed” wrap retail offer for 14,322,060 new ordinary share at an issue price of 6 pence per share. The proceeds add to the placing and subscription earlier this week, taking the total raised to approximately £4.2 million. Following admission of the placing, subscription and wrap retail […]
Prospex welcomes gas sales agreement for Selva
Prospex Energy plc said that a gas sales agreement (GSA) had been signed for the Selva Malvezzi joint venture (JV) production concession in the Po Valley of Italy. FIRST GAS The deal is between the operator Po Valley Operations Pty Ltd (63%), a wholly owned subsidiary of Po Valley Energy Ltd, and BP Gas Marketing […]
Prospex predicts transformational 2023
Prospex Energy plc said it expected a change in fortunes in the new year as its joint venture partner nears construction on the Podere Gallina licence within the Selva gas field in the Po Valley region of northern Italy. PREPARATIONS The company holds a 37% working interest in the licence and Australian operator Po Valley Energy […]
United exits Italy with sale of Selva to Prospex
United Oil & Gas plc said it had completed the sale of its assets in the Podere Gallina licence containing the Selva gas development project in Italy. APPROVAL The company sold its 100% share capital of UOG Italia Srl to PXOG Marshall Ltd, a subsidiary of Prospex Energy plc for €2,164,701 following final approvals from the […]