Prospex Energy PLC has reported steady performance at its Selva Malvezzi production concession in Italy, with the PM-1 gas well delivering consistent output throughout the fourth quarter of 2025.
Net gas production attributable to Prospex for the quarter totalled 2.58 million standard cubic metres (MMscm), sold at an average realised price of €0.33 per scm. This generated net revenue of €851,594 for the company over the period.
Prospex also confirmed the successful completion of a 3D geophysical survey at Selva Malvezzi, delivered on time and under budget. The new data set is expected to support future field development planning and could underpin potential resource upgrades.
Looking ahead, the company said preparations are advancing for the development of four additional wells. Updated Environmental Impact Assessments and revised development programmes are currently being incorporated as part of the next phase of field development.
Highlights
· Consistent well performance from Podere Maiar-1 (“PM-1”) for the quarter confirming production expectations and driving continued strong operating cashflows
· Focus for the next stages of development is the wells at Casale Guida 1d, Ronchi 1d, Selva Malvezzi 1d and Bagnarola 1d
· EIA and development programme for the four new wells is currently being updated to incorporate further progress on Ministry recommendations
· 3D Geophysical survey field activities completed on time and under budget as a result of careful planning and favourable weather
· Work will deliver a high-resolution three-dimensional subsurface model to support future field development planning and potential resource upgrades
Mark Routh, Prospex’s CEO, commented:
“The Selva Malvezzi concession continues to prove its investment value, with the operator delivering a stable operating and financial result from the PM-1 gas well for the quarter and making solid progress as it looks to expand production through the development of four new wells. The successful completion of a 3D geophysical survey on time and under budget is testament to Po Valley Energy’s disciplined work approach and we look forward to receiving the results of this work programme in due course.”
For further information visit www.prospex.energy
