Prospex owns a 37% working interest in the Selva Malvezzi production concession in Italy. Operator Po Valley Energy holds 63%. The basin is a proven hydrocarbon region with extensive historic drilling.

Selva contains 13.4 Bcf P50 reserves, alongside 14.1 Bcf of contingent resources and 88.2 Bcf of prospective resources, based on a 2022 CPR.

Production is from the Podere Maiar-1 well, which encountered two gas-bearing horizons (C1 and C2). Output began in July 2023 from C2 and is increasing, while C1 remains available for future production. Additional prospects within the concession support further development potential.

Infrastructure includes an automated gas plant and a connection to the SNAM national pipeline network, completed in May 2023. The project benefits from existing infrastructure and a proven play, supporting a lower-risk development profile.