Prospex Energy Reports Stable Output and Advances Development at Italy’s Selva Malvezzi Gas Field

Prospex Oil and Gas ( (GB:PXEN) ) has shared an announcement.

Prospex Energy has reported ongoing stable production and solid cash generation from the Podere Maiar-1 gas well within the Selva Malvezzi concession in Italy, with Q4 2025 gross output of 6.97 MMscm (2.58 MMscm net to Prospex) and €0.85 million of revenue net to the company, even as gas prices eased over the year. Cumulative gross production since first gas in July 2023 has reached around 95% of the field’s certified proved reserves, underscoring the asset’s strong performance and reinforcing its role as a key cash engine for Prospex. Alongside current output, operator Po Valley Energy has completed a 3D geophysical survey over roughly 140 sq km on time and under budget, work that is expected to deliver a high-resolution subsurface model to guide future field development and potential resource upgrades. The joint venture is now prioritising a four-well development programme at Casale Guida 1d, Ronchi 1d, Selva Malvezzi 1d and Bagnarola 1d, with the Environmental Impact Assessment being updated to reflect ministry recommendations and expanded project scope, positioning Selva Malvezzi for a possible next phase of growth and production expansion once regulatory approvals are secured.

The most recent analyst rating on (GB:PXEN) stock is a Sell with a £3.00 price target. To see the full list of analyst forecasts on Prospex Oil and Gas stock, see the GB:PXEN Stock Forecast page.

Spark’s Take on GB:PXEN Stock

According to Spark, TipRanks’ AI Analyst, GB:PXEN is a Neutral.

The score is held down primarily by weak financial fundamentals—persistent operating losses and multi-year negative operating/free cash flow—despite a relatively low-debt balance sheet. Technicals also lean negative with the price below key moving averages and a negative MACD, while valuation is pressured by a very high P/E and no reported dividend yield.

To see Spark’s full report on GB:PXEN stock, click here.

More about Prospex Oil and Gas

Prospex Energy PLC is an AIM-quoted investment company focused on high-impact onshore and shallow offshore European gas and power opportunities with short timelines to production. Its strategy is to acquire undervalued projects with multiple near-term value triggers, apply low-cost technical re-evaluation to de-risk prospects, and rapidly scale up gas production to generate internal cash flow for further asset development. The company holds a 37% working interest in the Selva Malvezzi Production Concession in Italy’s Po Valley, an onshore natural gas asset with proven reserves, contingent resources and additional exploration potential.

Average Trading Volume: 1,157,455

Technical Sentiment Signal: Sell

Current Market Cap: £12.65M

Learn more about PXEN stock on TipRanks’ Stock Analysis page.