(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
(Alliance News) - Prospex Energy PLC on Monday said Po Valley Energy Ltd has completed the ramp-up and comissioning process at the Podere Maiar-1 gas facility at the Selva field in northern Italy. Read More
Prospex Energy PLC - Europe-focused gas and power project investor - Announces the start of gas production from the Podere Maiar-1 gas facility at the Selva field in the Po Valley region of northern Italy. First gas was achieved following the completion of operation and safety inspections. This will provide the company with its maiden revenue from the Selva Malvezzi production concession in Italy. PM-1 will provide gas directly to the domestic Italian market under an 18-month supply agreement with BP Gas Marketing, announced back in February. Read More
(Alliance News) - Prospex Energy PLC on Wednesday said that the gas facility at Selva field in Italy has received all approvals needed to start gas production. Read More
Prospex Energy PLC - Exploration investment company with core investments in Spain and Italy - Notes Po Valley Energy Ltd has recovered the EUR757,000 performance bond funds deposited with Snam Spa, the Italian national transmission system operator. Po Valley Energy Ltd is the operator of the Selva Malvezzi production concession in which Prospex holds a 37% stake. Mark Routh, Prospex's chief executive comments: "The team at Po Valley continues to deliver on behalf of the joint venture and the new gas plant facility and grid connection has been approved by the Italian national Transmission System Operator. The return of the SNAM bond is an expected but welcome boost." Read More
Prospex Energy PLC - investor in onshore and shallow offshore European gas and power projects - Completes construction of gas plant at Podere Maiar-1 well site at the Selva project in the Po Valley of Italy. Says PM-1 gas connection to grid also completed and anticipates first gas supply before the end of May. Po Valley Operations Pty Ltd operates the Selva concession and holds a 63% ownership interest. Prospex holds the remaining 37% working interest. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Prospex Energy PLC - investor in onshore and shallow offshore European gas and power projects - Receives notice for exercise of warrants to subscribe for 2.5 million new shares at 4.25 pence each, generating GBP104,784. Following admission, there will 284.1 million shares in issue. Read More
(Alliance News) - Prospex Energy PLC on Tuesday said it signed an 18-month gas sales agreement with BP International Ltd subsidiary BP Gas Marketing Ltd, beginning from April 1 with an option to extend. Read More
(Alliance News) - Prospex Energy PLC on Wednesday said it had received final approval to begin development at the Podere Gallina licence in northern Italy. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
Prospex Energy PLC - investor in onshore and shallow offshore European gas and power projects - Receives notice for exercise of warrants to subscribe for 2.7 million new shares at 3 pence each, generating GBP80,000. Following admission, there will 277.6 million shares in issue. Explains that 92% of warrants issued in March 2021 are now converted. Chief Executive Officer Mark Routh estimates that the warrants so far have generated GBP750,000 income for Prospex. Read More
Prospex Energy PLC - investor in onshore and shallow offshore European gas and power projects - Receives notice for exercise of warrants to subscribe for 33.3 million new shares at 3 pence each, generating GBP100,000. Following admission, there will 270.8 million shares in issue. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Prospex Energy PLC - investor in onshore and shallow offshore European gas and power projects - Says Po Valley Energy Ltd has secured ownership of the land for its Podere Maiar well site in the Selva gas field in Italy. Prospex holds a 37% interest in the Podere Maiar licence, while Po Valley holds the remaining 63%. Prospex says all materials related to the 1km gas pipeline have arrived on site, including the 4-inch steel pipe that will be used for construction of the pipeline connecting Podere Maiar to the national gas grid. Expenditure relating to land titles and pipeline remain within budget. Podere Maiar, which is in north east Italy, is expected to deliver first gas in the second quarter of 2023. Read More
Prospex Energy PLC - exploration investments in Spain and Italy - Raises GBP500,000 via issuing unsecured convertible loan notes to existing and new investors. Read More
Prospex Energy PLC - exploration investments in Spain and Italy - Says joint venture partner Po Valley Energy Ltd has signed a construction pact with Italian engineering firm TESI at the Podere Maiar gas field in northern Italy. Says TESI will install a four-inch pipeline connecting Podere Maiar to Italy's gas grid. Prospex Energy says the contract "secures development costs and timing at the Podere Maiar field, with construction costs EUR130,000 less than previously forecast". Gas producer Po Valley holds 63% of working interest in the Podere Maiar licence, while Prospex holds the remaining 37%. Read More
Prospex Energy PLC - exploration investment company with core investments in Spain and Italy - Says it has completed the installation of a 41.5 kilowatt of 83 solar panels on the roof of the El Romeral power plant, called Project Apollo, last Thursday in Spain. Prospex says the installation cost less than EUR50,000. The company holds a 50% working interest in El Romeral through its interest in hybrid energy provider Tarba Energia SL. Read More
Prospex Energy PLC - exploration investment company with core investments in Spain and Italy - For the second quarter of 2022, revenue from the El Romeral power plant drops 12% to EUR925,134 from EUR1.0 million in the prior quarter. Read More