Source - SMW
Prospex Oil and Gas said operator Po Valley Energy found testing operations confirmed a significant commercial gas discovery at the Podere Maiar-1d appraisal and redevelopment well in Italy.

Prospex holds a 17% interest in Podere Maiar, which is located on the Podere Gallina exploration permit in the country's Po Valley region.

One of the well's gas-bearing reservoirs recorded a flow rate of 148,136 standard cubic meters per day, or 5.2m standard cubic feet on a 3/8 inch choke.

The second reservoir recorded a flow rate of 129,658 scm/day (4.6 mmscf/d) on a 3/8 inch choke.