Italie : Développement du champ Selva
Prospex Energy PLC / Indice : AIM / Epic : PXEN / Secteur : Pétrole et gaz
31 Janvier 2024
Prospex Énergie PLC
("Prospex" or the "Company")
Italy: Selva Malvezzi Production Concession
Quarterly Activities Report for the Period Ended 31 December 2023
Prospex Energy PLC (AIM: PXEN), the AIM quoted investment company focused on European gas and power projects, is pleased to provide an activity report from the Selva Malvezzi production concession in Italy following the publication of the quarterly report by Po Valley Energy Limited ("Po Valley Energy") (ASX: PVE). 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.
Avantages
· The Podere Maiar-1 well at Selva ("PM-1") has performed very consistently during the confirmatory program carried out in Q4 2023.
· Production levels were tested at various rates from ~42,000 scm/d to ~62,000 scm/day during the quarter.
· Following favourable final test results in January, production has been set to ~78,000-80,000 scm/d post-quarter end.
· PM-1 is supplying the gas to BP Gas Marketing under an 18-month supply agreement.
· Gas prices remain volatile with the current TTF spot price of ~?0.325/scm which is ~19% lower than the ?0.40/scm weighted average price received during the quarter.
· Quarterly production on a 100% basis was 4,180,015 scm of gas (1,546,605 scm net to Prospex) and revenue for the quarter ending 31 December 2023 on a 100% basis was ?1,773,302 (?656,122 net to Prospex).
· The operator is progressing with the other projects in the Selva Malvezzi production including very positive interactions with local landowners and progressing the permitting process with the regulatory authorities. Following a successful project of reprocessing the existing 2D seismic lines in the production concession, the Joint Venture is now evaluating the potential for a new seismic acquisition programme over the licence area in order to optimise the drilling programmes of the identified contingent resources at Selva North, Selva South and the East Selva and Riccardina prospects.
Mark Routh, PDG de Prospex, a commenté :
"The operator of our Selva Malvezzi production concession, Po Valley Energy, continues with the sound reservoir management of the asset. The ongoing monitoring and maintenance of the production facilities and the well performance ensures it not only delivers the optimum gas production rates but moreover guarantees safe and reliable operations.
"I look forward to updating shareholders as we progress the necessary activities to secure the development drilling programmes for the contingent resources at Selva North and Selva South and for the target of converting prospective resources at East Selva and Riccardina into proved, developed and producing reserves."
Cette annonce contient des informations privilégiées aux fins de l'article 7 du règlement sur les abus de marché (UE) 596/2014, car elle fait partie du droit interne britannique en vertu de la loi de 2018 de l'Union européenne (retrait) (« MAR ») et est divulguée dans conformément aux obligations de la Société en vertu de l'article 17 du MAR.
* * PREND FIN * *
Pour de plus amples renseignements, visitez www.prospex.energie ou contactez les personnes suivantes :
Marc Routh | Prospex Énergie PLC | Tel: + 44 (0) 20 7236 1177 |
Ritchie Balmer | Strand Hanson Limitée | Tel: + 44 (0) 20 7409 3494 |
Lional Therond / Daniel Fox-Davies | Fox-Davies Capital Limitée | Tel: + 44 (0) 20 3884 8450 |
Andrew Monk (courtage en entreprise) | VSA Capital Limitée | Tel: + 44 (0) 20 3005 5000 |
Ana Ribeiro / Susie Geliher | Partenaires St Brides Limited | Tel: + 44 (0) 20 7236 1177 |
Notes
Prospex Energy PLC is an AIM quoted investment company focussed on high impact onshore and shallow offshore European opportunities with short timelines to production. The Company's strategy is to acquire undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low-cost re-evaluation techniques to identify and de-risk prospects. La Société augmentera rapidement la production de gaz à court terme pour générer des revenus internes qui pourront ensuite être déployés pour développer la base d'actifs et augmenter davantage la production.
À propos de Selva :
The Podere Gallina Licence is in the Po Valley region of northern Italy. The licence contains the Selva gas-field as well as exciting exploration and development opportunities. The Podere Maiar-1 well at Selva was completed in December 2017 and successfully found a commercial gas accumulation up-dip of the previous wells on the Selva field. The Company has a 37% working interest in the Podere Gallina licence held via Prospex's two wholly owned subsidiaries, PXOG Marshall Ltd (17% of the Licence) and UOG Italia Srl (20% of the Licence).
La licence Podere Gallina détient des réserves prouvées brutes 2P vérifiées de manière indépendante de 13.4 milliards de pieds cubes (5.0 milliards de pieds cubes nets par rapport à Prospex à 37 % WI) à Selva, des ressources brutes contingentes 2C de 14.1 milliards de pieds cubes (5.2 milliards de pieds cubes nets) et 88.2 milliards de pieds cubes supplémentaires de meilleure estimation prospective brute. Ressources (sans risque) (32.6 milliards de pieds cubes nets).
Un rapport indépendant de la personne compétente sur la licence de Podere Gallina a été préparé par CGG Services (Royaume-Uni) Limitée en juillet 2022 pour le compte de la coentreprise. Il a attribué un total de 379 MMscm (13.4 Bcf) de réserves 2P brutes pour le projet de réaménagement de Selva.
Références:
Identifier: "Rapport de personne compétente Podere Gallina Licence, Italie" préparé par CGG Services (UK) Limited en juillet 2022 : https://bit.ly/44VF02A
Glossaire:
scm Standard cubic metres
scm/d Standard cubic metres per day
MMscm Million standard cubic metres
Bcf Billion standard cubic feet
MMscfd million standard cubic feet per day
MWh Mega Watt hour
TTF The 'Title Transfer Facility' - a virtual trading point for natural gas in the Netherlands.
Approbation de la personne qualifiée
In accordance with the AIM notice for Mining and Oil and Gas Companies, the Company discloses that Mark Routh, the CEO and a director of Prospex Energy plc has reviewed the technical information contained herein. Mark Routh has an MSc in Petroleum Engineering and has been a member of the Society of Petroleum Engineers since 1985. He has over 40 years operating experience in the upstream oil and gas industry. Mark Routh consents to the inclusion of the information in the form and context in which it appears.
RNS peut utiliser votre adresse IP pour confirmer le respect des termes et conditions, pour analyser votre interaction avec les informations contenues dans cette communication et pour partager cette analyse de manière anonyme avec d'autres dans le cadre de nos services commerciaux. Pour plus d'informations sur la manière dont RNS et la Bourse de Londres utilisent les données personnelles que vous nous fournissez, veuillez consulter notre Politique de confidentialité.