Business
Italy: Selva Malvezzi Production Concession
Prospex Energy PLC has reported on its Selva Malvezzi production concession in Italy, highlighting consistent production from the PM-1 gas well during Q4 2025, which generated €851,594 in net revenue for Prospex. The company also completed a 3D geophysical survey on time and under budget, which will aid in future field development planning and potential resource upgrades. Preparations are underway for the development of four new wells, with updated Environmental Impact Assessment and development programmes being incorporated. Gas production for the quarter was 2.58 MMscm net to Prospex, with an average gas price of €0.33 per scm. Disclaimer*
About this update from Prospex Energy Plc
[{"type":"text","content":"\n\nProspex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas\n \n \n28 January 2026\n \nProspex Energy PLC\n(\"Prospex\" or the \"Company\")\n \nItaly: Selva Malvezzi Production Concession\n \nOngoing Consistent Production at PM-1 and Selva Malvezzi 3D Geophysical Campaign\nQ4 2025 Activity Report\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 its Q4-2025 activity report for the period ending 31 December 2025. Po 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· Consistent well performance from Podere Maiar-1 (\"PM-1\") for the quarter confirming production expectations and driving continued strong operating cashflows\n· Focus for the next stages of development is the wells at Casale Guida 1d, Ronchi 1d, Selva Malvezzi 1d and Bagnarola 1d\n· EIA and development programme for the four new wells is currently being updated to incorporate further progress on Ministry recommendations\n· 3D Geophysical survey field activities completed on time and under budget as a result of careful planning and favourable weather\n· Work will deliver a high-resolution three-dimensional subsurface model to support future field development planning and potential resource upgrades\n \nGas production and revenues from the PM-1 gas well in the Selva Malvezzi Production Concession\n \n\n\n\n\nPM-1 Production Data\n\n\nMar 2025 Quarter\n\n\nJun 2025 Quarter\n\n\nSept 2025 Quarter\n\n\nDec 2025 Quarter\n\n\n\n\nQ1-2025\n\n\nQ2-2025\n\n\nQ3-2025\n\n\nQ4-2025\n\n\n\n\nAverage gross daily production rate (scm)\n\n\n74,716\n\n\n79,783\n\n\n78,795\n\n\n79,220\n\n\n\n\nQuarterly net (37%) production (MMscm)\n\n\n2,488,031\n\n\n2,686,307\n\n\n2,682,180\n\n\n2,579,403\n\n\n\n\nWeighted average price (per scm)\n\n\n€ 0.50\n\n\n€ 0.39\n\n\n€ 0.37\n\n\n€ 0.33\n\n\n\n\n37% Revenue net to Prospex\n\n\n€ 1,235,316\n\n\n€ ...