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The latest update is out from Prospex Oil and Gas ( (GB:PXEN) ).
Prospex Energy plc, through its joint venture with Po Valley Operations Pty Limited and other partners, has signed a new gas sales agreement with Hera Trading S.r.l., a subsidiary of the major Italian utility company Hera Group. This agreement, commencing on 1 October 2025, will supply approximately 27.963 million standard cubic metres of gas from the Podere Maiar-1d well in Italy, with pricing linked to the Italian Gas Index. The deal replaces the current agreement with BP Gas Marketing and is expected to strengthen local community engagement and maintain a premium for gas sales due to the Italian Gas Index’s pricing advantage.
More about Prospex Oil and Gas
Prospex Energy plc is an AIM quoted investing company focused on European gas and power projects. It is involved in the oil and gas sector, primarily dealing with gas production and sales. The company is engaged in joint ventures to develop and operate gas production concessions in Europe, with a market focus on supplying locally sourced energy.
Average Trading Volume: 915,491
Technical Sentiment Signal: Sell
Current Market Cap: £19.72M
For an in-depth examination of PXEN stock, go to TipRanks’ Overview page.