IN BRIEF: Prospex Energy says Podere Maiar well in Italy is on track
22nd Sep 2022 08:33
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