#tradingfloorai | #PXEN | #Approvals | Prospex Energy plc announces that its partner, Po Valley Energy Limited, has received regional approval from the Emilia Romagna Regional Council to commence a 3D seismic campaign in the Selva Malvezzi Production Concession Area in Italy. This campaign is an integral part of the development program, which includes drilling four new wells to build upon the successful production of the Podere Maiar-1 well. The operator, Po Valley Operations Pty Limited, has a 63% working interest, while Prospex holds the remaining 37%. The 3D seismic campaign is expected to take three weeks and is fully funded by accumulated production income. The acquired data will be used to optimize the drilling locations for the four new wells, with the Environmental Impact Assessment already lodged. The companys CEO, Mark Routh, highlights the importance of this approval, stating that the new 3D seismic dataset will optimize drilling targets for four planned wells, targeting a total of 88 Bcf gross. The announcement contains inside information and is disclosed in accordance with the Market Abuse Regulation. Read More@: