Po Valley Energy Limited (PVE) is an emerging Oil&Gas exploration
and development Company with an expanding portfolio of hydrocarbon
assets in northern Italy.
The Company owns and operates two gas treatment plants, with more gas and oil developments to come.
Po Valley was the first E&P Company to bring new production to the
Po Valley region since the end of the ENI-Agip monopoly and the
liberalisation of the Italian gas market in 1998.
The Company, listed on the Australian Stock Exchange on 14 December 2004
and through its subsidiaries Northsun Italia S.p.A and Po Valley
Operations Pty Ltd, holds 12 licence areas, encompassing 2,000 sq
kilometers (494,200 acres).
Having operated in Italy for the past 10 years, the Company is
experienced in Italy's regulatory process and has successfully managed
each stage of the exploration and production business.
The Company's presence in Italy and local management team represents
significant competitive advantage not enjoyed by newer entrants seeking
to find success in the Italian market.
Po Valley has continued to grow its portfolio of assets at a very low
cost relative to other oil and gas companies, providing the basis for
future shareholder value creation. Italy remains an attractive market
with gas and oil being of high quality, an accessible and low cost
transportation network and a pricing environment that has been stable
and higher than other comparable European countries.
Strategically, therefore, the Company is well positioned for accelerating and sustaining growth.