Prospex Energy PLC - Exploration investment company with core investments in Spain and Italy - Notes Po Valley Energy Ltd has recovered the €757,000 performance bond funds deposited with Snam Spa, the Italian national transmission system operator. Po Valley Energy Ltd is the operator of the Selva Malvezzi production concession in which Prospex holds a 37% stake. Mark Routh, Prospex’s chief executive comments: ‘The team at Po Valley continues to deliver on behalf of the joint venture and the new gas plant facility and grid connection has been approved by the Italian national Transmission System Operator. The return of the SNAM bond is an expected but welcome boost.’

Current stock price: 8.75 pence, unchanged in London on Tuesday

12-month change: up 90%

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