Business
Italy: Selva Malvezzi – Operational Update
Prospex Energy PLC has announced the successful completion of its 3D geophysical acquisition campaign at the Selva Malvezzi production concession in Italy, covering approximately 140 square kilometres. The survey, which commenced on November 13, 2025, and concluded on November 27, 2025, was delivered on budget and ahead of schedule, utilizing 5,052 vibration points and 8,380 wireless geophones. The acquired data will be processed over the coming months to create a high-resolution subsurface model, with interpretation expected in Q2 2026, aiming to optimize drilling targets for the four new wells and potentially upgrade certified gas resources. Disclaimer*
About this update from Prospex Energy Plc
[{"type":"text","content":"\n\nProspex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas\n \n4 December 2025\n \nProspex Energy PLC\n(\"Prospex\" or the \"Company\")\n \nItaly: Selva Malvezzi Production Concession - Operational Update\n \nWork Programme delivered on Budget and on Time\n \nProspex Energy PLC (AIM: PXEN), the AIM quoted investment company focused on European gas and power projects, is pleased to provide an update from the Selva Malvezzi production concession in Italy following the publication by Po Valley Energy Limited (\"Po Valley Energy\") (ASX: PVE) of an update on activities. ASX:PVE_Announcement_4Dec2025.\n \nPo Valley Operations Pty Limited (\"PVO\"), a wholly owned subsidiary of PVE is the operator of the Selva Malvezzi production concession, which has a 63% working interest, while Prospex has the remaining 37% working interest.\n \nHighlights\n· Successful completion of the 3D geophysical acquisition campaign over the Selva Malvezzi Concession area in Italy on 27 November 2025.\n· The programme which covered approximately 140 square kilometres will be instrumental in fine tuning the Joint Venture's four well development programme on this concession.\n· 3D seismic survey data acquisition commenced on 13 November 2025 and completed on 27 November 2025 having recorded 5,052 vibration points, with only three hours of weather standby. The contractor laid out 8,380 wireless geophones and used single sweeps from four Vibroseis trucks operating simultaneously in separate quadrants.\n· The acquired data is being collated and will undergo time-domain volume processing over the coming months in order to deliver a high-resolution three-dimensional subsurface model in support of future field development planning and potential resource upgrades.\n· The Operator will carry out the subsequent interpretation of the data in-house with results expected to be announced in Q2-2026.\n \nMark Routh, Prospex's CEO, commented:\n\"I am very pleased to report that Po Valley Energy has completed this ambitious work programme safely and efficiently. With the benefit of an unusually dry November the survey has been completed on budget and ahead of schedule.\n \n\"The Po Valley team in Italy are to be con...