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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Prospex Energy Plc | PXEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.05 | -0.98% | 5.05 | 14:10:06 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.10 | 5.05 | 5.10 | 5.05 | 5.10 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 27/3/2024 08:38 by mindminer Plenty of cash on hand for PXEN then!!!What a load of tosh being spouted here about placings, fundraises etc etc |
Posted at 27/3/2024 08:09 by imjustdandy Well played PXEN. Amazing |
Posted at 04/3/2024 09:37 by paulscb theyknowitall slating other companies that dilute on Twitter, whilst forgetting the fact PXEN have added 60 million shares dilution since the turn of 2023, and the price is 75% down. Shocking ramper! |
Posted at 18/1/2024 09:46 by gasman2001 All looking rather bleak over here. TTF is very bearish with continued downtrend. PXEN share price in a downtrend. PVE share price in a downtrend. No signs of reversal. I doubt the permits will renew interest in a stock which is so closely aligned to a commodity price that is in decline. Millions of new shares issued. CLN holders selling despite the narrative being pushed by Plant Power and James that they were in sticky hands. Apparently they've sold them now? Going to take something special to even get back to 7p. All IMO. |
Posted at 08/1/2024 11:47 by burtond1 Are Prospex now an exciting prospect for 2024?"...Whatever course the market takes, PXEN seems better positioned than it has for some time, with a reliable income stream from two onshore assets, permit applications underway to drill five wells in Spain and three wells in Italy, and closure of its debt issues..."https://tota |
Posted at 18/12/2023 07:55 by peterdonovan So boring your posts are tbh, why are you posting in here,one minute you have bought then the next minute you have sold ,trying to get cheap stock I see lol Gross quarterly production for the third quarter of 2023 is reported at 5,658,117 scm (2,093,503 scm net to PXEN) and gross revenue for the quarter is EUR1,937,072 (EUR716,717 net to PXEN).The El Romeral power plant in Spain will have generated gross revenues from electricity production of about EUR1.8 million in 2023 (approximately EUR0.9 million net to PXEN).Total Gross quarterly income is 1,616,717Not bad in my eyes over 6 million a year |
Posted at 30/11/2023 12:10 by bad gateway Hey paul reposted as you seemed to miss the question..You made that claim before paul (see below) and posters let it slide but would like to know how your no's come to that decision. From the half year report HALF YEAR ADMIN COSTS as they began to ramp up production were.. Administrative expenses during the period were GBP461,322 (H1 2022: GBP501,967). Whereas net revenue from Italy for THE LAST QUARTER as they began to test then enter initial production was EUR716,717 net to PXEN with the promise of.. - Further upside potential at the Selva Malvezzi Production Concession is advancing at pace with the operator progressing agreements with local landowners and the permitting process with the regulatory authorities to deliver the drilling programmes at Selva North, South and East. Something doesn't add up with your conclusions? paulscb - 01 Nov 2023 - 12:17:39 - 2074 of 2258 Pxen consolidation 0.10p to 2.5p 25/1 ratio - PXEN Pathetic revenue. A whole quarter net revenue only covers their admin costs. Not including other operational costs. Looking like another half year loss is coming in next results. "Administrative expenses of GBP461,322 were incurred in H1 2023" "Gross quarterly production from the Selva Malvezzi production concession was 5,658,117 scm (2,093,503 scm net to PXEN) and gross revenue for the quarter was EUR1,937,072 (EUR716,717 net to PXEN)." |
Posted at 30/11/2023 10:06 by bad gateway reposted as you seemed to miss the question paul..You made that claim before paul (see below) and posters let it slide but would like to know how your no's come to that decision. From the half year report HALF YEAR ADMIN COSTS as they began to ramp up production were.. Administrative expenses during the period were GBP461,322 (H1 2022: GBP501,967). Whereas net revenue from Italy for THE LAST QUARTER as they began to test then enter initial production was EUR716,717 net to PXEN with the promise of.. - Further upside potential at the Selva Malvezzi Production Concession is advancing at pace with the operator progressing agreements with local landowners and the permitting process with the regulatory authorities to deliver the drilling programmes at Selva North, South and East. Something doesn't add up with your conclusions? paulscb - 01 Nov 2023 - 12:17:39 - 2074 of 2258 Pxen consolidation 0.10p to 2.5p 25/1 ratio - PXEN Pathetic revenue. A whole quarter net revenue only covers their admin costs. Not including other operational costs. Looking like another half year loss is coming in next results. "Administrative expenses of GBP461,322 were incurred in H1 2023" "Gross quarterly production from the Selva Malvezzi production concession was 5,658,117 scm (2,093,503 scm net to PXEN) and gross revenue for the quarter was EUR1,937,072 (EUR716,717 net to PXEN)." |
Posted at 29/11/2023 22:01 by bad gateway You made that claim before paul (see below) and posters let it slide but would like to know how your no's come to that decision.From the half year report HALF YEAR ADMIN COSTS as they began to ramp up production were.. Administrative expenses during the period were GBP461,322 (H1 2022: GBP501,967). Whereas net revenue from Italy for THE LAST QUARTER as they began to test then enter initial production was EUR716,717 net to PXEN with the promise of.. - Further upside potential at the Selva Malvezzi Production Concession is advancing at pace with the operator progressing agreements with local landowners and the permitting process with the regulatory authorities to deliver the drilling programmes at Selva North, South and East. Something doesn't add up with your conclusions? paulscb - 01 Nov 2023 - 12:17:39 - 2074 of 2258 Pxen consolidation 0.10p to 2.5p 25/1 ratio - PXEN Pathetic revenue. A whole quarter net revenue only covers their admin costs. Not including other operational costs. Looking like another half year loss is coming in next results. "Administrative expenses of GBP461,322 were incurred in H1 2023" "Gross quarterly production from the Selva Malvezzi production concession was 5,658,117 scm (2,093,503 scm net to PXEN) and gross revenue for the quarter was EUR1,937,072 (EUR716,717 net to PXEN)." |
Posted at 23/11/2022 07:30 by quietlife PrivacyPrivacyLondon South East Harland & Wolff CEO joins LSE to discuss impact of transformational 1.6 Billion Navy contract win. Watch the full video here. Less Ads, More Data, More Tools Register for FREE Share PricesProspex Eng Share PriceProspex Eng Regulatory NewsItaly: Selva Field Development Update Pin to quick picksProspex Eng Regulatory News (PXEN) PXEN Share Price PXEN Share Price PXEN Share News PXEN Share News PXEN Share Chat PXEN Share Chat 2 PXEN Share Trades PXEN Share Trades PXEN Live RNS PXEN Live RNS 1 PXEN Information Buy PXEN SharesBuy PXEN Shares Add PXEN to WatchlistAdd PXEN to Watchlist Add PXEN to AlertAdd PXEN to AlertAdd PXEN to myTerminalAdd PXEN to myTerminal Share Price Information for Prospex Eng (PXEN) London Stock Exchange Share Price is delayed by 15 minutes Get Live Data Share Price: 10.25 Change: 0.00 (0.00%) PXEN Live PriceLast checked at 07:30:06 Italy: Selva Field Development Update Wed, 23rd Nov 2022 07:00 RNS Number : 2390H Prospex Energy PLC 23 November 2022 Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas 23 November 2022 Prospex Energy PLC ('Prospex' or the 'Company') Italy: Selva Field Development Update Start of Gas Plant construction works and pipeline installation at Selva Prospex Energy PLC (AIM: PXEN), the AIM quoted investment company focused on European gas and power projects, is pleased to provide an update on the development activity on the Podere Gallina Licence (the 'Licence') located onshore in the Po Valley region of northern Italy, in which lies the Selva gas field within the Selva Malvezzi Production Concession ('Selva'). Po Valley Energy Limited (ASX:PVE) ('Po Valley' or the 'Operator') released an update on the ASX overnight on 23 November 2022. Prospex holds a 37% working interest in the Podere Gallina licence with the Operator holding the remaining 63%. Highlights · Final approval to commence development activity received on 21 November 2022 · Works to prepare the tie-in to the SNAM gas grid network commenced on 19 November 2021 · Gas plant construction work and pipeline installation work is to commence 28 November 2022 · Podere Maiar remains on track for first gas in early Q2 2023 · Final stage of production concession application for Prospex submitted · Po Valley, the operator, in dialogue with off-take partners for the sale of gas from Podere Maiar Mark Routh, Prospex's CEO, commented: "We are extremely pleased that Po Valley has confirmed that final permissions have been granted to start the development works on site and that Podere Maiar remains on schedule and on budget to achieve first gas early in the second quarter of 2023. Initial conversations with gas off-take partners for the sale of gas have commenced, which we have decided to sell jointly with the Operator Po Valley under a joint marketing agreement, which we believe will optimise the value of our gas sales and provide better value for our shareholders. "In addition, the submission of our final application to the Ministry of the Environment and Energy Security to be approved as a gas producer took place on 21 November 2022. We believe that next year will be a transformational year for Prospex as we become a producer of gas in Italy as well as in Spain and very much look forward to keeping shareholders updated on our progress." Gas Plant Construction and Pipeline Installation On 19 November 2022, the engineering work commenced to connect the suspended well at Selva to the SNAM S.p.A. (BIT:SRG), the Italian energy infrastructure company's grid tie-in connection point. On 21 November 2022 Po Valley confirmed that construction works at the Selva well site and the 4‑inch pipeline installation will commence on 28 November 20222. The project is on schedule for first gas from Selva , from the Podere Maiar-1 well, early in the second quarter of 2023. Production Concession Application submitted for Prospex In addition, on 21 November 2022 formal applications were submitted to the Ministry of the Environment and Energy Security for Prospex's two wholly owned subsidiaries which own the working interest in the Podere Gallina Licence, PXOG Marshall Ltd (17% of the Licence) and UOG Italia Srl (20% of the Licence) to be assigned to the Selva Malvezzi Production Concession which was approved by the Ministry in July 2022. This is the final step of the approvals process for Prospex to be officially recognised as a gas producer in Italy from the concession operated by Po Valley. Gas Sales Agreements Po Valley has confirmed that it is in dialogue with several counterparties to offtake and sell the gas from Selva on behalf of the Joint Venture. Bids to take delivery of our gas at the SNAM connection point to the national grid which is less than 1 km from the Podere Maiar-1 (Selva) well site are being evaluated and a joint marketing agreement will be drawn up to facilitate joint sales. New name for the Italian Regulator The new government in Italy has renamed the Ministry which is responsible for approvals and permitting of activities carried out by energy companies to: The Ministry of the Environment and Energy Security, previously the Ministry of Ecological Transition. The new Minister of the Environment and Energy Security is Gilberto Pichetto Fratin. The new name of the Ministry (which is subject to a final decree) signals a change in emphasis and attitude by the Italian authorities towards natural gas, which has been acknowledged by the EU as the transition fuel to move Europe towards the decarbonisation of energy supply. This is a positive move as Europe and Italy in particular address the energy shortfalls being experienced because of world events over the past year. * * ENDS * * For further information visit www.prospex.energy or contact the following: Mark Routh Prospex Energy PLC Tel: +44 (0) 20 7236 1177 Ritchie BalmerRory Murphy Strand Hanson Limited Tel: +44 (0) 20 7409 3494 Andrew Monk (Corporate Broking)Andrew Raca/Alex Cabral (Corporate Finance) VSA Capital Limited Tel: +44 (0) 20 3005 5000 Colin RowburyJon Belliss Novum Securities Limited Tel: +44 (0) 20 7399 9427 Susie GeliherAna Ribeiro St Brides Partners Limited Tel: +44 (0) 20 7236 1177 Notes Prospex Energy PLC is an AIM quoted investment company focussed on high impact onshore and shallow offshore European opportunities with short timelines to production. The Company's strategy is to acquire undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low-cost re-evaluation techniques to identify and de-risk prospects. The Company will rapidly scale up gas production in the short term to generate internal revenues that can then be deployed to develop the asset base and increase production further. About Selva: The Podere Gallina Licence is in the Po Valley region of northern Italy. The licence contains the currently shut‑in Selva gas-field as well as exciting exploration and development opportunities. The Podere Maiar-1 well at Selva was completed in December 2017 and successfully found a commercial gas accumulation up-dip of the previous wells on the Selva field. The Company has a 37% working interest in the Podere Gallina licence. The Podere Gallina Licence holds independently verified 2P gross reserves of 13.4 Bcf (5.0 Bcf net to Prospex at 37% WI) in Selva, gross Contingent 2C Resources of 14.1 Bcf (5.2 Bcf net) and a further 88.2 Bcf of gross Best Estimate Prospective Resources (un-risked) (32.6 Bcf net).[1] An independent Competent Person's Report of the Podere Gallina Licence was prepared by CGG Services (UK) Limited in January 2019 on behalf of the joint venture.[1] It attributed a total of 379 MMscm (13.4 Bcf) gross 2P reserves for the Selva redevelopment project. References: [1] Source: "Competent Person's Report Podere Gallina Licence, Italy" prepared by CGG Services (UK) Limited in January 2019 Glossary: scm Standard cubic metres MMscm Million standard cubic metres Bcf Billion standard cubic feet MMscfd million standard cubic feet per day Qualified Person Signoff In accordance with the AIM notice for Mining and Oil and Gas Companies, the Company discloses that Mark Routh, the CEO and a director of Prospex Energy plc has reviewed the technical information contained herein. Mark Routh has an MSc in Petroleum Engineering and has been a member of the Society of Petroleum Engineers since 1985. He has over 40 years operating experience in the upstream oil and gas industry. Mark Routh consents to the inclusion of the information in the form and context in which it appears. The updated Corporate Presentation for Q4-2022 is available on the Company's website at This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END UPDLLLFLLFLLFBV Filter by Category ▾ 123 Date Source Headline 23rd Nov 2022 7:00 am RNS Italy: Selva Field Development Update 11th Nov 2022 7:00 am RNS Warrego Energy interests in Spanish assets 7th Nov 2022 4:41 pm RNS Second Price Monitoring Extn 7th Nov 2022 4:36 pm RNS Price Monitoring Extension 7th Nov 2022 11:56 am RNS Holding(s) in Company 123 Stay Informed! With our newsletters and social media channels. Navigation Home Share Prices Share Chat FX News Blogs RNS Media Members Share Prices Financial Diary Stock Picker Company Lookup Broker Ratings UK Industry Sectors Stock Screeners Chat Regular Share Chat Premium Share Chat Members Login Register Premium Services Live Data From: £18.32 monthly and annual subscriptions available. Get Live Data Now Share Trading £9.95 flat rate per trade* plus no annual fees Start Trading Now Datafeed and UK data supplied by NBTrader and Digital Look. 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