Prospex Oil And Gas Share Discussion Threads

[johncasey] 21/1/2019 11:57

latest podcast with Ed

Only just had a chance to review today's interview.

Points noted.
1,The BoD have experience of bringing companies to market.
2, Ed has plenty of contacts in finance.
3, although Ed doesn't come across slickly like some on AIM, he knows his stuff.
4, the team have all the right people on board. Shown by their results for 2018
5, it not a lifestyle company..They clearly have an aim to become successful then ultimately find a buyer for #pxog
6, Romania 🇷🇴 will get another drill
7, Italy 🇮🇹 is big
8, Spain 🇪🇸 Massive

[johncasey] 21/1/2019 11:56

I'd take Ed as my director any day. I think he's going to make me good money this year #pxog

Non spivy
Non slick
No nonsense
Get the job done!

[johncasey] 21/1/2019 11:52

latest buy above ask 0.28p

[johncasey] 21/1/2019 11:51

whoa! 6m bought today...the tide is turning at last

[johncasey] 19/1/2019 11:58

simple why...the AIM market is designed to fleece you..its all linked to spread bet companies and naked shorting..they can drop a price at will and will wipe out spread bets until they are satisfied they have done enough..only then will the price rise

[billthebank] 19/1/2019 11:24

I guess it was your purchases Maverick that has created the little tick up. More to come here. Cannot really understand why this share has been falling of late. Makes no sense whatsoever considering the news released and the news to come!!!!

[pro_s2009] 19/1/2019 00:53

The Company is targeting final Selva production approvals by the 1st half of next year and to complete the well and field connection pipework with first gas targeted by late in CY20



.

[johncasey] 18/1/2019 19:01

real cold plunge over spain next week..they will be gagging for gas soon

[maverick247] 18/1/2019 18:38

Bought a load today will post why over weekend

[ccr1958] 18/1/2019 17:34

Yea ended up 5% ,it’s a start I suppose....

[billthebank] 18/1/2019 16:40

Little 12 % rise today at last into the close

[pro_s2009] 16/1/2019 09:07

RNS Number : 0658N

Prospex Oil and Gas PLC

15 January 2019

Prospex Oil and Gas Plc / Index: AIM / Epic: PXOG / Sector: Oil and Gas

15 January 2019

Prospex Oil and Gas Plc ('Prospex' or the 'Company')

Preliminary approval of production concession application, onshore Italy

Further to the announcement of 29 May 2018, Prospex Oil and Gas Plc, the AIM quoted investment company, is pleased to announce that it has been advised by the operator, Po Valley Operations Limited ('PVO'), that the production concession application to develop the Selva Malvezzi Gas-Field ('Selva') in northern Italy (the 'Production Concession') has received preliminary approval from the Italian Government. Prospex holds a 17% interest in Selva, which sits within the 331km(2) Podere Gallina Exploration Permit (the 'Podere Gallina') in the Po Valley region of Italy.

The Development

The proposed development centers on the installation of a fully automated gas plant at the existing Selva/Podere Maiar-1d appraisal/redevelopment well site. Based on dynamic reservoir studies, phase one is targeting daily production at a rate of up to 150,000 cubic metres (5.3 mmscf/d) from two gas-bearing reservoirs, C1 and C2, in the Medium-Upper Pliocene sands of the Porto Garibaldi formation. In addition, a 1km long pipeline will be laid to connect the plant to the Italian National Grid.

Podere Maiar was drilled in Q4 2017 into Selva (previously operated by ENI), which historically produced 83Bcf of gas between 1960 and 1984. During testing, peak flow rates of 148,136 scm/day (5.2mmscf/d) on a 3/8 inch choke and 129,658 scm/day (4.6 mmscf/d) on a 3/8 inch choke were recorded from the C1 and C2 reservoirs respectively.

A further phase of the development is planned, which is contingent on the results of a planned 3D seismic acquisition programme (subject to JV approval) and involves PVO drilling additional wells to significantly expand the Production Concession's natural gas resource base. Drilling will target prospects including Selva East and Selva South Flank which fall within the Production Concession area. 3D seismic will be acquired across these areas in 2019.

Final approval from the Italian Government is subject to customary regulatory processes being completed, including the approval of an Environmental Impact Assessment.

Prospex non-executive Chairman, Bill Smith, said, "With the preliminary approval of this Production Concession, Podere Gallina remains on course to become Prospex's second revenue generative asset when it comes on stream in 2020, alongside our 50% interest in the producing Suceava licence in Romania. As with Suceava, Podere Gallina offers significant development upside and, importantly, the approved development plan covers multiple prospects that have already been identified on the licence. These prospects will be targeted through the acquisition of 3D seismic data to further de-risk the additional prospectivity and inform a future well programme.

"The approval marks an excellent start to 2019 for Prospex. With activity planned across our portfolio, including work to advance the up to 2 Tcf Tesorillo Gas Project in southern Spain, together with our continued efforts to acquire interests in additional onshore European projects that match our strict investment criteria, 2019 promises to be an exciting year for Prospex. I look forward to providing further updates on our progress, as we focus on exposing our shareholders to a continuous pipeline of opportunities that offer significant re-rating potential."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

* * ENDS * *

[nicosevos] 15/1/2019 07:18

The Company is targeting final Selva production approvals by the
first half of next year and to complete the well and field connection
pipework with first gas targeted by late in CY20

[vauch] 15/1/2019 07:08

providing further updates on our progress, as we focus on exposing our shareholders to a continuous pipeline of opportunities that offer significant re-rating potential.

well I do hope they can finally turn the tide on the share price

[rwells4474] 15/1/2019 07:07

TIDMPXOGRNS Number : 0658NProspex Oil and Gas PLC15 January 2019Prospex Oil and Gas Plc / Index: AIM / Epic: PXOG / Sector: Oil and Gas15 January 2019Prospex Oil and Gas Plc ('Prospex' or the 'Company')Preliminary approval of production concession application, onshore ItalyFurther to the announcement of 29 May 2018, Prospex Oil and Gas Plc, the AIM quoted investment company, is pleased to announce that it has been advised by the operator, Po Valley Operations Limited ('PVO'), that the production concession application to develop the Selva Malvezzi Gas-Field ('Selva') in northern Italy (the 'Production Concession') has received preliminary approval from the Italian Government. Prospex holds a 17% interest in Selva, which sits within the 331km(2) Podere Gallina Exploration Permit (the 'Podere Gallina') in the Po Valley region of Italy.The DevelopmentThe proposed development centers on the installation of a fully automated gas plant at the existing Selva/Podere Maiar-1d appraisal/redevelopment well site. Based on dynamic reservoir studies, phase one is targeting daily production at a rate of up to 150,000 cubic metres (5.3 mmscf/d) from two gas-bearing reservoirs, C1 and C2, in the Medium-Upper Pliocene sands of the Porto Garibaldi formation. In addition, a 1km long pipeline will be laid to connect the plant to the Italian National Grid.Podere Maiar was drilled in Q4 2017 into Selva (previously operated by ENI), which historically produced 83Bcf of gas between 1960 and 1984. During testing, peak flow rates of 148,136 scm/day (5.2mmscf/d) on a 3/8 inch choke and 129,658 scm/day (4.6 mmscf/d) on a 3/8 inch choke were recorded from the C1 and C2 reservoirs respectively.A further phase of the development is planned, which is contingent on the results of a planned 3D seismic acquisition programme (subject to JV approval) and involves PVO drilling additional wells to significantly expand the Production Concession's natural gas resource base. Drilling will target prospects including Selva East and Selva South Flank which fall within the Production Concession area. 3D seismic will be acquired across these areas in 2019.Final approval from the Italian Government is subject to customary regulatory processes being completed, including the approval of an Environmental Impact Assessment.Prospex non-executive Chairman, Bill Smith, said, "With the preliminary approval of this Production Concession, Podere Gallina remains on course to become Prospex's second revenue generative asset when it comes on stream in 2020, alongside our 50% interest in the producing Suceava licence in Romania. As with Suceava, Podere Gallina offers significant development upside and, importantly, the approved development plan covers multiple prospects that have already been identified on the licence. These prospects will be targeted through the acquisition of 3D seismic data to further de-risk the additional prospectivity and inform a future well programme."The approval marks an excellent start to 2019 for Prospex. With activity planned across our portfolio, including work to advance the up to 2 Tcf Tesorillo Gas Project in southern Spain, together with our continued efforts to acquire interests in additional onshore European projects that match our strict investment criteria, 2019 promises to be an exciting year for Prospex. I look forward to providing further updates on our progress, as we focus on exposing our shareholders to a continuous pipeline of opportunities that offer significant re-rating potential."This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.* * ENDS * *

[johncasey] 14/1/2019 16:20

i see natural gas price up alot today 6%...added

[ccr1958] 14/1/2019 16:12

Nearly all buys today, normal smoke and mirrors.

[blueblood] 08/1/2019 08:56

Where is the detailed update on Spain and programme for 2019? Communication from BoD is wholly inadequate and is severely impacting on share price and companies ability to raise funding when required at reasonable levels. Do what you are bloody paid for and provide detailed full update to your loyal but long suffering shareholders!

[ccr1958] 02/1/2019 17:40

Nice tick up .... be nice a few buyers were about to arrive.

[burtond1] 27/12/2018 08:48

https://total-market-solutions.com/2018/12/27/will-prospex-prosper-in-2019/Decent read from @tmsreach

[billthebank] 21/12/2018 10:06

Well we had news and it was good but hasn't really transformed the company has it? Not a problem as gives an opportunity to buy more but you do have to ask yourself why has this co lost 90% of its value inside 21 months.Astonishing.

[burtond1] 19/12/2018 07:49

https://total-market-solutions.com/2018/12/19/our-outlook-for-2019-part-1/