Mark Routh of Prospex Energy: First gas from the Podere Maiar-1 is a pivotal milestone in company's development

Jul 5, 2023

Justin Waite
Vox Markets Podcast

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Mark Routh CEO of Prospex Energy discusses achieving the start of gas production from the Podere Maiar-1 gas facility at the Selva field in the Po Valley region of northern Italy and describes it as a pivotal milestone in the company's development.

Highlights

· Podere Maiar-1 commenced gas production in Italy, delivering first gas on 4 July 2023

· First gas will provide the Company with its maiden revenue from the Selva Malvezzi Production Concession in Italy

· PM-1 will provide gas directly to the domestic Italian market under an 18-month supply agreement with BP Gas Marketing announced on 14 February 2023

· Further upside potential at the Selva Malvezzi Production Concession (Figure 1), as Po Valley Energy, the Operator, intends to advance other projects within the Concession.

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Mark Routh of Prospex Energy: First gas from the Podere Maiar-1 is a pivotal milestone in company's development

Mark Routh CEO of Prospex Energy discusses achieving the start of gas production from the Podere Maiar-1 gas facility at the Selva field in the Po Valley region of northern Italy and describes it as a pivotal milestone in the company's development.