TIDMPXEN

Prospex Energy PLC

24 July 2023

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

24 July 2023

Prospex Energy PLC

('Prospex' or the 'Company')

New Corporate Website

Prospex Energy PLC (AIM: PXEN), the AIM quoted investment company focused on European gas and power projects, is pleased to announce that it has launched a new corporate website which can be viewed at www.prospex.energy .

In addition, the Company announces that an updated corporate presentation is also available on the new website.

The refreshed website follows the company's latest developments including the recently announced commencement of first gas from the Podere Maiar-1 gas facility at the Selva field in the Po Valley region.

* * ENDS * *

For further information visit www.prospex.energy or contact the following:

 
Mark Routh                           Prospex Energy      Tel: +44 (0) 20 7236 
                                      PLC                                1177 
Ritchie Balmer                       Strand Hanson       Tel: +44 (0) 20 7409 
 Rory Murphy                          Limited                            3494 
Jerry Keen                           Fox-Davies          Tel: +44 (0) 20 3884 
                                      Capital Limited                    7447 
Andrew Monk (Corporate Broking)      VSA Capital         Tel: +44 (0) 20 3005 
 Andrew Raca/Alex Cabral (Corporate   Limited                            5000 
 Finance) 
Ana Ribeiro / Susie Geliher          St Brides Partners  Tel: +44 (0) 20 7236 
                                      Limited                            1177

Notes

Prospex Energy PLC is an AIM quoted investment company focussed 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.

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END

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July 24, 2023 02:00 ET (06:00 GMT)

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