Prospex Energy Plc · LSE:PXEN
Prospex Energy — Investor Presentation (December 2025)
19 slides from Prospex Energy's investor presentation, December 2025
Slide 1: Revenue generative energy investor unlocking potential in European natural gas assets
Revenue generative energy investor unlocking potential in European natural gas assets Investor Presentation | December 2025 AIM: PXEN 1
Slide 2: Disclaimer
Disclaimer These presentation slides (“the Slides”), are provided on a confidential basis and are personal to the recipient and have been prepared by Prospex Energy plc (the “Company”) for information purposes only. VSA Capital Limited (“VSA”) and Hannam & Partners both of which are authorised and r
Slide 3: Overview
Overview Diversified portfolio 1 Three producing, non-operated, revenue generating, onshore gas investments Applications in Clear growth trajectory AIM-quoted Poland 2 11 new gas wells to be drilled, at different stages of permitting Targeted in the next 12-18 months (2 already permitted on Viura) c
Slide 4: Convertible Loan Notes - Use of Funds
Convertible Loan Notes - Use of Funds Fund Raise Objective & Use of Funds Fund-raise via Convertible Loan Notes targeting £800k-£1,300k towards 2025/2026 Capex items:- £k • 3D seismic acquisition programme for Selva Malvezzi (November & December cash calls) £800k • New transformer for El Romeral Spa
Slide 5: Targeted Earliest Drilling Timelines
Targeted Earliest Drilling Timelines 2025 2026 2027 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 BUSINESS DEVELOPMENT OPPORTUNITIES (INCLUDING SOLAR PROJECTS & BATTERY ENERGY STORAGE SYSTEMS) EL ROMERAL FINALISE LONG-LEAD ITEMS → 5 WELLS EIA PERMITS[1] RIG PROCUREMENT & MOBILISATION DRILLING[1] INSTALL INCREASE GAS PROD
Slide 6: Viura Gas Field
Viura Gas Field Northern Spain • Prospex owns a 7.24% interest by funding 15% of the RESUMPTION OF PRODUCTION ON 17 OCTOBER 2025 current development programme • Well V-1B now producing at a stabilised flow rate of more than 190,000 scm/d (≈27,000 scm/d net to PXEN) with vastly • Operated by HEYCO En
Slide 7: Viura Project Schematic
Viura Project Schematic 2010 • Discovered in 2010 with well Viura-1(TD 3,788m) • Tested with a HPHT reservoir P>500bars • Delivered max. flow rate up to 500,000scm/d • Placed into production at 110,000scm/d 2013 • Viura-3 drilled nearby in 2013, also giving excellent gas shows • 3D seismic survey co
Slide 8: El Romeral
El Romeral Southern Spain NORMALLY IN PRODUCTION from 2 wells • Prospex owns a 100% indirect working interest, through Tarba Energía S.L. Currently shut-in awaiting delivery of replacement transformer • Operated by Tarba Energía S.L. (which is 100% Several small to mid-sized gas fields typically 2-5
Slide 9: El Romeral
El Romeral Concessions 1, 2 and 3 • 5 wells for permitting, targeting 18.2 BCF • Environmental Impact Assessment documentation now with the regulator for final approvals process • Rig will be mobilised to drill the first five wells as soon as the permits to drill are granted • Rig review for future
Slide 10: Selva Malvezzi
Selva Malvezzi Concession area of 81 km2 Selva Northern Italy IN PRODUCTION ≈80,000 scm/d Selling gas to Hera Trading at a premium to the TTF Delivered to the national grid operated by SNAM Well site & Processing Plant Near Bologna • Prospex owns a 37% interest • Operated by Po Valley Energy Ltd (AS
Slide 11: Selva Malvezzi Production Upside
Selva Malvezzi Production Upside Surface well locations and subsurface targets 4 wells being permitted, targeting 88 BCF (Gross) identified for four new wells to be drilled on the concession: Selva North and Selva South • Stratigraphic pinch-outs in the same style as Podere Maiar-1 Selva North • CGG
Slide 12: Poland
Poland C B LICENCE APPLICATIONS Prospex has pre-qualified to apply for licences onshore in Poland Applications have been submitted at 100% Working Interest initially A If successful, licences could be awarded by Q2 2026 • Focus area: inside foreland basins, which typically host tertiary Foreland/For
Slide 13: Appendix
Appendix AIM: PXEN 13
Slide 14: Shares Issued and Options
Shares Issued and Options No Warrants SHARES ISSUED OPTIONS PXEN Shares Issued 428,710,121 Options at Expiry Number % Name Shares in Issue % 5.00p 17/03/2027 6,300,000 1.47% HEYCO Energy Group Inc. 46,166,668 10.77% 8.15p 22/09/2027 3,600,000 0.84% Simon Chantler 26,129,533 6.09% 12.25p 27/02/2028 3
Slide 15: Board and Management
Board and Management Focused on maximising returns from our investments while seeking low- risk growth opportunities to generate shareholder value Mark Routh Richard Jameson Bill Smith Andrew Hay Alasdair Buchanan CEO COO Non-Exec Chairman Independent Independent Non-Exec Director Non-Exec Director
Slide 16: The Board
The Board Mark Routh Mark is a Petroleum Engineer with more than 40 years of experience in the oil & gas industry. He has an MSc in Petroleum Engineering. He spent eight years as CEO/Chairman of AIM quoted IOG plc and seven years as Chairman/NED of Warrego Energy Ltd. Founded CH4 CEO & Managing Dire
Slide 17: Executive Management Team
Executive Management Team Mark Routh Mark is a Petroleum Engineer with more than 40 years of experience in the oil & gas industry. He has an MSc in Petroleum Engineering. He spent eight years as CEO/Chairman of AIM quoted IOG plc and seven years as Chairman/NED of Warrego Energy Ltd. Founded CH4 CEO
Slide 18: Technical Team
Technical Team Carlos Venturini Carlos is a Petroleum Geoscientist (BSc) with an MSc in structural geology and near 40 years' experience in G&G, interpretation and prospect generation gained with Schlumberger, ENI, Sipetrol, and his own Libya-based consultancy working for Petrobras, GDF and OMV Chie
Slide 19: www.prospex.energy
www.prospex.energy Email: info@prospex.energy AIM: PXEN 19
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