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Prospex Eng (PXEN) Share News

IN BRIEF: Prospex shares up as funds secured for first Selva gas

25th Oct 2022 10:58

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

IN BRIEF: Prospex Energy conversion of warrants to generate GBP100,000

23rd Sep 2022 14:39

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

TRADING UPDATES: Prospex Energy profit up; Petro Matad widens loss

22nd Sep 2022 22:14

(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

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

IN BRIEF: Prospex Energy raises GBP500,000 for gas production in Italy

5th Sep 2022 11:24

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

IN BRIEF: Prospex Energy JV signs construction pact at Italy gas field

11th Aug 2022 11:05

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

IN BRIEF: Prospex Energy shares up as solar panels installed on plant

8th Aug 2022 12:54

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

IN BRIEF: Prospex Energy second quarter revenue from El Romeral drops

1st Aug 2022 19:32

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

IN BRIEF: Prospex Energy shares rise as production concession received

29th Jul 2022 14:39

Prospex Energy PLC - exploration investment company with core investments in Spain and Italy - Receives approval for production concession at Podere Maiar gas field in the Po Valley onshore in northern Italy, lying within the Selva Malvezzi production concession. Anticipates first gas at Italy's Selva in first half of 2023. Prospex holds a 37% working interest in the Podere Maiar licence. Read More

TRADING UPDATES: SSE issues green bond; Bank of Cyprus staff exits

25th Jul 2022 19:40

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

IN BRIEF: Prospex Energy installs solar panels at El Romeral plant

24th Jun 2022 10:07

Prospex Energy PLC - exploration investment company with core investments in Spain and Italy - Begins the first of two projects at El Romeral power plant in southern Spain to diversify its solar generation. The installation of solar panels on the roof of the plant is expected to complete by the end of July. This, it adds, will increase sales of electricity from the plant and give it a total installed peak capacity of 41.5 kilowatt hours. Prospex holds a 50% working interest in El Romeral through its interest in Tarba Energia SL. Cost of installation is EUR50,000 and has been financed from funds from Tarba. Read More

TRADING UPDATES: Nanoco ups outlook; Seeing Machines wins deal

6th Jun 2022 12:10

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

TRADING UPDATES: CT Automotive achieves record annual revenue

19th May 2022 17:45

(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

TRADING UPDATES: Rotala buys buses; Aukett Swanke sells John R Harris

29th Apr 2022 21:39

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More

TRADING UPDATES: WANdisco bookings up; STM legal appeal denied

11th Apr 2022 21:14

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

IN BRIEF: Prospex says Spain asset operational for six days per week

17th Mar 2022 20:35

Prospex Energy PLC - investment company focused on European gas and power projects - Says Tarba Energia, co-owned by Prospex and Warrego Energy Ltd, agrees to operate El Romeral power plant in Spain for 24 hours per day for six days per week until further notice. "Over the last two weeks the power plant has been successfully operating 24 hours a day, six days a week securing the recent high electricity prices. The power-plant automation and operational procedures have now been fully tested to enable continuous operation whenever required," Prospex says. Read More

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