News & ASX Releases

Test Results Set Up Po Valley For 2006 Production

December 29, 2005

Po Valley Energy Limited (“ASX : PVE”) has capped off 2005 with an exceptional final test flow rates on its Sillaro well in Northern Italy — delivering an aggregate test flow rates of 12.9 million cubic feet per day and setting the company on route for production in 2006The Company…


Strong Gas Flows For Po Valley’s Sillaro Well

December 26, 2005

Strong gas flows significantly above expectations have been announced by Australian explorer, Po Valley Energy Limited, from flow test results on its Sillaro deviation well in northern Italy.The results are from tests of two of three gas zones encountered in the deviation well during recent drilling…


Shareholders Approve Placement to U.S. Fund

December 21, 2005

Shareholders in Po Valley Energy have cleared the way for the gas explorer to complete a capital raising package totalling A$8.75 million with a US funds manager.This follows the go-ahead given at a general meeting of shareholders in Sydneytoday for Tranche 2 of the package — the issue of 2 mi…


Po Valley Commences Sillaro Test Program

December 12, 2005

A gas deviation well drilled in northern Italy by Australian petroleum explorer, Po Valley Energy Limited (“PVE”) will be flow tested over 3 zones during the next two weeks following positive petrophysical evaluation of the well log results. The detailed evaluation of the log results sho…


New Gas Zone For Po Valley’s Italian Well

December 1, 2005

A gas deviation well drilled in northern Italy by Australian petroleum explorer, Po Valley Energy Limited (“PVE”) is to be cased and tested after returning positive log results from a gas encounter over at least two intervals.Po Valley announced today that two gas bearing zones — t…


Po Valley Spuds Italian Gas Deviation Well

November 22, 2005

Australian petroleum explorer, Po Valley Energy Limited (“PVE”) continues to step up the pace of its exploration and drilling activities in northern Italy with the spudding on Monday of its Sillaro 1 Deviation well.Sillaro 1D is being drilled to a target depth of 2,250 metres approximate…


U.S. Fund Invests $8.75M In Po Valley

November 14, 2005

Australian company, Po Valley Energy Limited (“PVE”) is to accelerate its gas exploration and development programs in Northern Italy under a capital raising announced today.Behind the new exploration and development drive is a placement by Po Valley of 12.5 million ordinary shares with U…


Change Of Directors: Appointment Of Mr Dietmar Greil

August 5, 2005

Po Valley Energy Limited (“PVE”) is pleased to announce the appointment of Mr Dietmar Greil, to the Board of Directors.Mr Greil is a highly experienced Reservoir engineer with over 30 years experience in exploration and development in the oil and gas industry. He has extensive oil and ga…


Initial Sillaro Test Results

July 12, 2005

Po Valley Energy (ASX: PVE) will re-assess exploration options for the Sillaro gas field in northern Italy following initial results from production tests conducted over the past five days in its 100%-owned appraisal well.The Company’s Chief Executive, Mr Michael Masterman, said that while the…


Gas Discovery For Po Valley’s Largest Italian Prospect

June 29, 2005

Australia’s Po Valley Energy (ASX: PVE) has encountered gas over three separate zones in its 100%-owned appraisal well in the Sillaro field in northern Italy.The ASX-listed petroleum explorer and developer announced today that the Sillaro-1 appraisal well — 30 kilometres west of Bologna …


Po Valley Drills Largest Italian Gas Prospect

June 7, 2005

Australia’s Po Valley Energy (ASX: PVE) has commenced drilling its largest gas target in Italy — the Sillaro-1 appraisal well, 30 kilometres east of Bologna. The ASX-listed petroleum explorer and developer announced today that its 100%- owned Sillaro-1 well had spudded overnight, represe…


Vitalba And Sillaro Update

May 31, 2005

Listed Australian gas developer,Po Valley Energy (ASX: PVE), announced today an update on its production testing and drilling program at the Vitalba and Sillaro wells in northern Italy.Vitalba has been perforated at the two lower levels (of four) from 1611-1613m and 1617-1620m with the tubing and we…


Po Valley In First Gas Discovery In Italy Since Listing

May 18, 2005

Australian petroleum explorer and developer, Po Valley Energy (ASX: PVE), has discovered gas at its first well drilled in northern Italy since the Company’s listing on the ASX in December last year.Po Valley announced today that its Vitalba-1 deviation well had discovered gas over three levels…


Development Go-Ahead For New Italian Gas Field After Reserves Boost

April 11, 2005

Development of a fourth Italian gas field has been given the go-ahead by Australian petroleum explorer and developer, Po Valley Energy (ASX: PVE).Po Valley — which has already scheduled development activity this year on three other gas fields in Italy’s northern provinces — said to…