Prospex Energy provided an update on the Selva Malvezzi field (37% working interest) in Italy. The operator, Po Valley, reported Q4’25 gross production from the PM‑1 well of 2.7mmcf/d, bringing full‑year gross output at Selva to >1bcf, which is 2% above our expectation of 0.97bcf. Net to Prospex, Q4 volumes were ~1mmcf/d, contributing to ~370mmcf for 2025. Average daily gross rates remained consistently ~2.8mmcf/d, underscoring the field’s stable reservoir performance despite two short maintenan ....
