Prospex Oil and Gas (GB:PXEN) has released an update.
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Prospex Energy PLC reports a steady performance from the Podere Maiar-1 well in Italy’s Selva Malvezzi Production Concession, with daily production averaging around 80,000 scm and gross revenue reaching €1.91 million for Q1 2024. The company, holding a 37% interest alongside operator Po Valley Energy, is exploring further development opportunities within the concession. Prospex’s strategy involves scaling up gas production to fund the development of their asset base and increase overall production.
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