News & ASX Releases

Po Valley Banks First Revenue as Maiden Gas Flows into Northern Italian Energy Grid

December 21, 2009

Po Valley Energy (ASX: “PVE”) has become Italy’s newest gas producer with its first flows of gas into the country’s energy grid commencing over the weekend.Po Valley said today that flows from the Company’s wholly-owned Castello gas field east of Milan had built up to a…


Final Authorization Awarded for Castello Gas Production Plant

December 8, 2009

Po Valley Energy (ASX: “PVE”) is pleased to advise that on Monday 7th December the Ministry of Economic Development signed the final approval to commence production on the Company’s 100% owned and developed Castello gas production plant, east of Milan, in northern Italy.Key site vi…


Castello Gas Plant Connected to Italian Grid

November 3, 2009

Po Valley Energy (ASX: “PVE”) is pleased to announce that its surface gas production plant at Castello in northern Italy has now been connected to the Italian pipeline grid.An Operating and Maintenance (O&M) contract has also commenced for the gas plant, east of Milan.Welding of the …


Share Purchase Plan Documentation

October 22, 2009

Further to the Company’s announcement of 14 October, 2009, Po Valley Energy Limited (ASX: “PVE”) announced today the dispatch of its Share Purchase Plan documentation to shareholders who were eligible shareholders (as described in the Share Purchase Plan Terms and Conditions) as at…


Milestone as commissioning of first gas field commences

October 21, 2009

The commissioning schedule has commenced on the first gas field to be brought into production in northern Italy by Po Valley Energy (ASX: “PVE”).The Company commenced the pre-production schedule this week at the Castello field, east of Milan.“This is a milestone for the Company and…


Company Secretary Appointment

October 21, 2009

Po Valley Energy Limited (ASX: “PVE”) announced today the appointment of Lisa Jones as Company Secretary effective 21 October 2009. Ms Jones will replace Dom Del Borrello who resigned as Company Secretary with effect from 21 October 2009.Ms Jones is a corporate lawyer with over 16 years …


Extension of Bank of Scotland Loan Maturity

September 23, 2009

Po Valley Energy is pleased to announce that the maturity on its Bank of Scotland senior finance facility has been extended to November 2013. Drawings on the facility are currently €6.7m with an interest rate of approximately 3.5%. The interest margin over EURLIBOR will drop to 1.8% following Sill…


Plant Installation Commences on Po Valley’s Sillaro Gas Field in Northern Italy

September 14, 2009

Po Valley Energy has commenced installation of surface plant at the Sillaro gas field, east of Bologna in Italy, following successful drilling last month of the Sillaro-2 well. The Italian contractor, Semat Spa, commenced site activities this week with a target four-month schedule for completion, an…


Revision to Reserve and Resource Categorisation Policy

September 14, 2009

As part of the company’s progress to production at both its Castello and Sillaro fields, and with the current and planned development evaluations of the Bezzecca and Fantuzza discoveries, Po Valley Energy Limited (PVE) has taken steps to upgrade its reserves and resources reporting by adopting…


Six productive gas levels for Po Valley at Sillaro field in northern Italy

August 18, 2009

New testing has brought to six the number of gas bearing levels to be exploited by Po Valley Energy (ASX: “PVE”) at its Sillaro field in northern Italy.Latest testing on the successfully completed Sillaro-2 well - 500 metres from the earlier successfully tested production well, Sillaro-1…


Gas Production Capacity Confirmed In Initial Po Valley Tests On Sillaro-2 Well In Northern Italy

August 12, 2009

Production capacity has been confirmed in the PL2A level and additional production potential identified, by Po Valley Energy (ASX: “PVE”) during initial clean up and testing of the Sillaro- 2 gas well, east of Bologna in northern Italy.The Company announced today that short confirmatory …


Joint Venture Relinquishes Exploration Licence Application Near Milan

August 3, 2009

Equal joint venture partners, Po Valley Energy (ASX: “PVE”) and Edison, in consultation with Italy’s Energy Ministry, have voluntarily relinquished the Bernaga licence application area north of Milan.Although the joint venture was granted ‘preliminary award’ of Bernaga …


Positive Sillaro#2 Log Results

July 28, 2009

Po Valley Energy announced today that the Sillaro#2 production well has been successfully drilled on schedule to a target depth of 2364m and log runs have been completed.Log analysis of Sillaro#2 confirmed the main pay zones in the Sillaro#1 production well across a gross interval of 140 metres from…


Cancellation And Re-Issue Of Shares

July 23, 2009

Dear Shareholder,At the recent Annual General Meeting (“AGM”) held on the 20 May 2009, the Company obtained shareholder approval pursuant to Listing Rule 10.11 to allot and issue 833,333 shares to the Masterman Superannuation Fund (“MSF Shares”) as part of the $10 million cap…


Daily Drilling Status Report

July 21, 2009

DAILY DRILLING STATUS REPORTSillaro#2dir (Sillaro Production Concession)Po Valley Energy (PVE) reports the current status of the Sillaro#2dir well is as follows:Time of Report:07:00 hours (Rome Italy Time)Well Depth:TVD1 m 1891 - MD2 2004 mCurrent Operation:Drilling 8” 1/2 phaseForward Operati…


Daily Drilling Status Report

July 13, 2009

DAILY DRILLING STATUS REPORTSillaro#2dir (Sillaro Production Concession)Po Valley Energy (PVE) reports the current status of the Sillaro#2dir well is as follows:Time of Report:16:00 hours (Rome Italy Time)Well Depth:TVD1 m 1202 - MD2 1276 mCurrent Operation:Circulation and wiper trip, preparing for …


Po Valley Commences Drilling Sillaro-2 Production Well

July 2, 2009

The Sillaro-2 production well, at Po Valley’s Sillaro gas production field, was spudded today following mobilisation of the drilling equipment to the field.Italian-based Perazzoli Drilling, employing a 200 tonne capacity HH200 hydraulic rig, has been contracted for the Sillaro-2 well.The secon…


Installation Starts On Po Valley’s First Production Field

June 30, 2009

Po Valley Energy announced today the commencement of installation works on the Castello production field east of Milan.The Italian contractor, Semat SpA, have commenced site activities today and expect to complete the civil works and plant installation within a target four-month schedule.“All …


Po Valley Energy Advances Towards Maiden Italian Gas Production With Key Regulatory Approval

June 22, 2009

ASX-listed Po Valley Energy has taken a key step towards maiden gas production from its northern Italy fields, with the announcement today of official government approval for the installation of a commercial plant at the Castello project, east of Milan.The go-ahead for the Castello plant installatio…


Italian Gas Appraisal Well Tests Positive On All Three Levels

April 21, 2009

Strong flow rates with rapid pressure recoveries have been reported by Australia’s Po Valley Energy (“PVE”) after the successful completion of all production tests at its Bezzecca #1 appraisal well in northern Italy.Po Valley announced today the results of 10 days of testing on thr…


Positive Gas Flows At Po Valley’s 4th Italian Field

April 15, 2009

Positive gas flows have been reported by Australia’s Po Valley Energy (ASX “PVE”) during initial clean up and testing of the deepest level in its Bezzecca-1 appraisal gas well in northern Italy.Testing of Bezzecca-1 - part of Po Valley’s fourth gas field development in the re…


Po Valley Proceeds To Test Bezzecca

March 31, 2009

Po Valley Energy will proceed forward to flow testing of its Bezzecca #1 well 20 km outside Milan in Northern Italy following evaluation of log results.Initial interpretation of logs run over the weekend, identified potential gas production zones in the primary target Miocene and secondary target Pl…


Daily Drilling Status Report

March 26, 2009

DAILY DRILLING STATUS REPORTBezzecca #1 (Cascina S. Pietro Permit)Po Valley Energy (ASX: PVE) reports the current status of the Bezzecca #1 well is as follows:Time of Report:16:00 hours (Rome Italy Time)Well Depth:TVD1 2010.48 m - Final depthCurrent Operation:Clearing and checking hole conditionsFor…


Daily Drilling Status Report

March 23, 2009

DAILY DRILLING STATUS REPORTBezzecca #1 (Cascina S. Pietro Permit)Po Valley Energy (ASX: PVE) reports the current status of the Bezzecca #1 well is as follows:Time of Report:16:00 hours (Rome Italy Time)Well Depth:TVD1 1554 mCurrent Operation:Drilling 8 1/2” phaseForward Operation:Drilling 8 1…


Re: Drilling Status Report - Bezzecca #1 Well

March 16, 2009

Company Announcements OfficeASX LimitedLevel 4, 20 Bridge StreetSYDNEY NSW 2000Further to the Company’s ASX release on Friday 13th March, please find attached our first Drilling Status Report for the Bezzecca#1 well in the Cascina San Pietro permit.The planned total depth (“TD”) of…


Work Underway On Fourth North Italy Gas Field

March 12, 2009

Australia’s Po Valley Energy (ASX: “PVE”) has commenced work to bring a fourth gas field in northern Italy into production.The Company announced today that appraisal drilling had commenced Thursday on the Bezzecca gas structure within Po Valley’s 100%-owned Cascina San Pietro…


Second Offtake Agreement Secures Initial Sales Of A$150 Million For Castello And Sillaro Gas Fields

February 26, 2009

A new sales contract announced today means Australian company Po Valley Energy has now pre-sold the first three years of production from its major northern Italy gas fields.Po Valley Energy (ASX code: “PVE”) has announced that prominent Italian gas trading and distribution group, Elettro…


Po Valley Energy Successful A$10 Million Share Placement For New Gas Production Development

February 23, 2009

A successful A$10 million private placement of shares announced today by gas explorer and developer, Po Valley Energy Limited (ASX: “PVE”), will see the Australian company progress four Italian gas development projects towards production.The new funds will be used to keep debt levels low…


Proactive Investors: Interview with Managing Director, Michael Masterman

February 11, 2009

http://www.povalley.com/media/po_valley_interview.mp3


December Quarterly 2008 - Activities Report

January 30, 2009

For the December quarter and to the date of this report HIGHLIGHTS - KEY DEVELOPMENTSSillaro and Castello: PVE 100%Sillaro and Castello Production Concession decrees awardedSurface plant equipment complete on skids awaiting site installation approvalSite construction of Sillaro pipeline and connecti…


Expanded Italian Gas Footprint For Po Valley After New Government Approvals

January 29, 2009

An expanded gas exploration footprint has been secured by Australia’s Po Valley Energy Limited (ASX: “PVE”) in its northern Italian province as the Company continues to ready for its maiden production from later this year.Po Valley announced today it had been formally granted a six…


Sky Business News: Interview with Managing Director, Michael Masterman

January 6, 2009

http://www.povalley.com/i/media/part1.html