The Prospex team, is highly experienced with proven value creating credentials (multiple corporate sales). In the last 18 months has assembled a portfolio of European gas assets. United in geological play type, the Foredeep, the portfolio is diversified across three countries, Romania, Italy and Spain and as a result success is not beholden to one Government. Validation of the team’s understanding of the play comes with 2 drilling success in late 2017. The Romanian Bainet gas discovery was put in production in less that 12 months and the Italian Selva discovery will come on production in 2020, generating significant cashflow. Both the Romanian and Italian permits offer multiple follow on targets of a similar nature. All three projects sit close to existing infrastructure, this allows for minimal capex and short time onto production to capture high European gas prices. The last 18 months have been incredible active with the next 18 months similar so. The company’s shares are presently trading well below the company’s Broker’s risked fair value. The portfolio has multiple routes to significant shareholder value growth not least Tesorillo, the Spanish project, is potential massive with >800bcf of prospective resources.
Visit Prospex at stall 36