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%.