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Po Valley Energy Limited
All rights reserved.
Po Valley Energy Limited
All rights reserved.
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…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…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 …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…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…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 …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…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…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…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…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 …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 …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…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…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…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 …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…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 …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…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…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…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…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…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…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…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…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…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…February 11, 2009
http://www.povalley.com/media/po_valley_interview.mp3January 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…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…January 6, 2009
http://www.povalley.com/i/media/part1.html