News & ASX Releases

Letter to Shareholders

December 7, 2007

Dear Shareholder,In the six months since our Annual General Meeting in May, your companycontinues to progress bringing its first gas fields into production, and rapidlygrow its portfolio of new oil and gas projects.Of particular note are the following:Hydrodrilling has been contracted to drill Silla…


Bank of Scotland in A $34M Backing For Australian Gas Producer

December 5, 2007

Bank of Scotland Corporate is to provide a finance facility of up to A$34 million to emerging Australian gas producer, Po Valley Energy. The funding ensures that Po Valley Energy has all the necessary financing available to bring its maiden production on stream before the middle of next year.The two…


Adriatic Application Takes Po Valley’s Gas Expansion Offshore For First Time

November 12, 2007

Emerging Australian gas producer, Po Valley Energy has made its first proposed move into offshore projects, with the Italian Ministry today confirming the Company’s application for a 526km2 oil and gas licence application in the Adriatic Sea.The licence area is 50km offshore from Po ValleyR…


Preliminary Award of Production Concessions

November 6, 2007

The Italian Ministry has formerly notified Po Valley Energy of the preliminary award of production concessions for both of their 100% owned Sillaro and Castello gas fields in Northern Italy.The full grant of production concessions remains subject to environmental approval. The Environment Impact Ass…


Italian Ministry Confirms Acceptance Of Application For Gas Storage Licence

October 30, 2007

Further to an announcement in June 2007 that Po Valley Energy would together with Star Energy Group Plc, a major operator and developer of underground gas storage facilities, bid for new gas storage licences in Italy, a submission was lodged during September 2007.The Italian Ministry has formerly co…


Australia’s Po Valley Lets A$10M Surface Plant Contract For Italian Gas Fields

October 29, 2007

A A$9.6 million contract to install surface production plant has been awarded by Australia’s Po Valley Energy to bring its first Italian gas outputs onstream early in the third quarter of next year.Po Valley announced today the contract had been awarded to SEMAT Spa for surface production plan…


Drill Rig Secured For New 2008 Gas Program In Northern Italy

October 23, 2007

ASX-listed gas explorer and developer, Po Valley Energy (ASX code “PVE”) is pleased today to announce that the Company has signed a contract with Hydrodrilling International SpA to secure the Ideco 1200 drill rig to drill Sillaro 2, Bezzecca 1 and Fantuzza 1 in northern Italy starting in…


Harbinger Tops Up Holding In Emerging Australian Gas Producer - Po Valley

July 31, 2007

International private equity investor, Harbinger Capital Partners, has further increased its investment in Po Valley Energy Limited, providing the Australianpetroleum explorer with additional funds as it moves towards first gas production in Italy.Po Valley (ASX code “PVE”) announced tod…


Further International Backing For Emerging Australian Gas Producer

June 19, 2007

Blue chip international and domestic investors continue to back the progress to date by listed Australian petroleum explorer, Po Valley Energy Limited, (ASX code “PVE”) to supply gas into northern Italy’s energy grid from early next year. Po Valley announced today it had completed …


Administrative Court Rules on Italian’s Ministry’s Preliminary Award of Ossola Licence to Po Valley

June 18, 2007

The Italian Administrative Court (Tribunale Amministrativo Regionale per la Lombardia) in it’s latest judgment has found that the Italian Ministry for Economic Development should have provided more detailed reasons for it’s decision to make a preliminary award of the Ossola licence to Po…


Major UK Gas Storage Company Joins Australian Bid To Store Italian Gas

June 7, 2007

An Australian company’s bid to help increase Italy’s underground storage capacity has won the backing of Star Energy Group plc, the second largest onshore oil producer in the United Kingdom and a major operator and developer of underground gas storage facilities.Star has joined with emer…


Italy Gas Success Drives Po Valley To Expand Drill Targets To New Fields

May 21, 2007

Emerging Italian gas producer, Australia’s Po Valley Energy Limited, is targeting new onshore gas prospects in a significant expansion of its European business.The Company announced today that it had identified eight new prospects for drilling from late next year. The prospects contain estimat…