News & ASX Releases

Change of Auditor

July 25, 2017

Po Valley Energy Limited (ASX: PVE – “Company”) advises that in accordance with ASX Listing Rule 3.16.3, with effect from today, 25 July 2017, Bentleys NSW Audit Pty Ltd (Bentleys) has been appointed Auditor of the Company. The appointment follows the resignation of Ernst & Young (EY), and the…


Quarterly Production and Development Report

July 11, 2017

Q2 Gas Production Production from Sillaro (100%) and Bezzecca (90%) gas fields - which Po Valley holds through its subsidiary Saffron Energy Plc. - has increased by 104% from 862,000 standard cubic metres (30.4 mmcf) in the quarter ended 31 March 2017 to 1.762 million standard cubic metres (62.2 m…


Change of Company Secretary

July 4, 2017

Po Valley Energy Limited (ASX: PVE – “Company”) advises that in accordance with ASX Listing Rule 3.16.1, Lisa Jones will step down as Company Secretary, effective 3 July 2017. Zoe Levendel, from Company Matters Pty Limited, has been appointed Company Secretary, also effective 3 July 2017. …


Sant’Alberto Update on Development Timeline

June 29, 2017

Australian gas producer, Po Valley Energy, (ASX: “PVE”) is pleased to provide an update on the development of its Sant’Alberto licence application which it holds through its subsidiary Saffron Energy Plc. The Company continues to make good progress in its application for a full production c…


Commercial gas production begins from Bezzecca. Testing now complete

May 15, 2017

Australian gas producer, Po Valley Energy, (ASX: “PVE”) is pleased to announce that testing of the primary production layers from the Bezzecca well east of Milan, Italy, is complete and gas production planning has been finalised. The initial plan now is to operate all three levels with an estima…


Po Valley advances funding for key Northern Italy gas field with United Oil and Gas farm-in

May 8, 2017

Australian gas producer, Po Valley Energy, (ASX: “PVE”) is pleased to announce it has reached a conditional agreement for United Oil & Gas (“United”) to earn a 20% stake through a 2 for 1 farm into Po Valley’s Podere Gallina licence, which contains the Selva gas field The agreement all…


First Gas flows at Bezzecca

April 19, 2017

Australian gas producer, Po Valley Energy, (ASX: “PVE”) is pleased to announce it has commenced first gas production from the Bezzecca gas field on Thursday 13 April 2017. Commissioning and ramp-up leading to anticipated flow rates in the range of 30,000-40,000 scm per day, equivalent to 190-250…


Final Approval for First Gas at Bezzecca in Northern Italy

April 13, 2017

Australian gas producer, Po Valley Energy, (ASX: “PVE”) is pleased to announce its 65% owned AIM-listed subsidiary, Saffron Energy (AIM:SRON) has received the final approval from the Italian Ministry of Economic Development (UNMIG) for gas production at the Bezzecca gas field on 11 April 2017. C…


Po Valley raises $1.18 million in private placement

April 7, 2017

Po Valley Energy Limited (ASX: PVE) announced today that it has raised A$1,179,256 through a private placement. The company will, subject to obtaining the necessary shareholder approval, issue 42,882,037 fully paid ordinary shares at an issue price of $0.0275 (2.75 cents) to several institutional an…


Bezzecca completed on schedule and within budget

March 23, 2017

Australian gas producer, Po Valley Energy, (ASX: “PVE”) is pleased to announce its 65% owned AIM listed subsidiary, Saffron Energy (AIM:SRON) has achieved mechanical completion of the Bezzecca natural gas project outside Milan within budget and on schedule. Certificates for mechanical and instru…


Australia’s Po Valley granted large onshore oil exploration licence - Torre del Moro - in northern Italy

March 3, 2017

Australian listed oil and gas exploration, development and production company, Po Valley Energy Ltd (ASX: PVE), which has energy assets in northern Italy, has been granted the large onshore Torre del Moro oil exploration licence, located southeast of Bologna, in the eastern Po Valley region of Italy…


Saffron Energy spin-out to list on London’s AIM later this month after A$4.1m raising to drive new north Italy gas production

February 16, 2017

Australia’s Po Valley firms up timeframes for Initial Public Offer (IPO) capital raising and London listing for new spinout - Saffron Energy Plc Saffron to now list on London’s AIM late in February Po Valley to retain approximately 65% stake in Saffron IPO to raise A$4.1/GBP2.5m to accelerate ga…


First Bezzecca gas from next month for Australia’s Po Valley

February 15, 2017

A new onshore northern Italy gas field, Bezzecca, is to be brought on stream next month under a project update released today by Australian listed oil & gas exploration, development and production company, Po Valley Energy Ltd (ASX: PVE), which owns Bezzecca among a suite of other gas field interest…