PROSPEX ENERGY PLC

Report Publication Announcement • Oct 4, 2024

National Storage Mechanism | Additional information

RNS Number : 9069G

Prospex Energy PLC

04 October 2024

Prospex Energy Plc / Index: AIM / Epic: PXEN / Sector: Energy

Reach Announcement 

4 October 2024

Prospex Energy plc  

("Prospex Energy" or the "Company")

Notice of Investor Presentation and New Corporate Presentation

Prospex Energy plc (AIM:PXEN), the investment company focused on European gas and power projects, is pleased to announce that Mark Routh, CEO, will provide a live presentation on the Company's operations via Investor Meet Company on Tuesday 8 October 2024 at 10:00 BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 7 October 2024, 09:00 BST, or any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Prospex Energy Plc via: https://www.investormeetcompany.com/prospex-energy-plc/register-investor

Investors who already follow Prospex Energy on the Investor Meet Company platform will automatically be invited.

Additionally, a copy of the Company's updated Corporate Presentation for Q4 2024 is available on its website:  https://prospex.energy/

For further information, please contact:

Mark Routh	Prospex Energy PLC	Tel: +44  (0) 20 7236 1177
Ritchie Balmer Rory Murphy David Asquith	Strand Hanson Limited (Nominated Adviser)	Tel: +44 (0) 20 7409 3494
Andrew Monk (Corporate Broking) Andrew Raca / Tommy Jackson (Corporate Finance)	VSA Capital Limited	Tel: +44 (0) 20 3005 5000
Ana Ribeiro / Charlotte Page	St Brides Partners Limited	Tel: +44 (0) 20 7236 1177

Further information on the Company can be found on its website at  www.prospex.energy.

Notes

Prospex Energy PLC is an AIM quoted investment company focused on high impact onshore and shallow offshore European opportunities with short timelines to production.  The Company's strategy is to acquire undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low-cost re-evaluation techniques to identify and de-risk prospects.  The Company will rapidly scale up gas production in the short term to generate internal revenues that can then be deployed to develop the asset base and increase production further. 

The Company currently has three non-operated, revenue generating, onshore producing gas investments in Europe with low operational risk:

•     Selva Malvezzi, Italy (37% interest)

•     El Romeral gas to power plant, southern Spain (49.9% interest)

•     Viura Gas Field, northern Spain (7.24% interest)

Prospex also owns a 15% interest in the Tesorillo Exploration Permit in Southern Spain, with the option to increase to 49.9%.

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