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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. Po Valley Operations Pty Ltd, a wholly owned subsidiary of Po Valley Energy Ltd is the operator of the Selva Malvezzi production concession with a 63% working interest. Prospex has the remaining 37% working interest. Current stock price: 8.23 pence, down 3.2% in London on Wednesday afternoon 12-month change: up 92% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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