Prospex Energy PLC (LSE:PXEN) reported steady gas production from the Podere Maiar-1 well within the Selva Malvezzi Production Concession in Italy, supporting strong operational cash flow. The company recently transitioned to a new gas sales contract with Hera Trading, effective from October 2025. Alongside stable output, Prospex is progressing with development plans for four additional wells and a 3D geophysical survey, with permitting stages approaching completion. These initiatives are expected to strengthen the company’s operational base and enhance its competitive position in the European gas market.
More about Prospex Energy PLC
Prospex Energy PLC is an AIM-listed investment company targeting high-impact, near-term onshore and shallow offshore gas opportunities across Europe. The firm focuses on identifying undervalued assets with clear value catalysts, employing cost-efficient re-evaluation methods to de-risk projects and accelerate production growth to generate sustainable internal revenues.
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