News & ASX Releases

2010 September Quarter Gas Production Update

October 13, 2010

Po Valley Energy Limited (ASX: “PVE”) achieved strong production and revenue from the Company’s north Italy gas fields during the 2010 September quarter. The higher production in the September quarter reflected the first full quarter of production from the 100% owned Sillaro f…


Po Valley Appoints New CEO

October 11, 2010

Po Valley Energy Limited (ASX: “PVE”) is pleased to announce the appointment of Mr Giovanni Catalano as Chief Executive Officer effective 11 October 2010. Mr Catalano succeeds Mr Michael Masterman, the founding CEO of the company who will move to a non-executive role as Deputy Chairm…


RIU Good Oil Conference Presentation

September 8, 2010

Click here to view presentation


Company Reserves and Resources Update

September 8, 2010

In May this year Po Valley Energy (the Company) advised the market that a comprehensive review of its gas reserves and resources was being undertaken. This review has involved a comprehensive review of all existing and newly acquired data and has been undertaken by external independent experts w…


Castello Update

July 26, 2010

Summary On 29 April 2010, the company advised the market that the Castello well (Vitalba-1dir) was experiencing a faster than anticipated decline in wellhead pressure and outlined plans to conduct downhole pressure measurements to investigate. The company further indicated that the pressure dec…


Offshore Adriatic Licence Update

July 23, 2010

Po Valley Energy Limited (ASX:PVE) is pleased to announce that legal action in relation to the preliminary award of the Azzurra (AR168PY) exploration licence to Po Valley has been resolved in favour of the Ministry and Po Valley. Po Valley received the preliminary award of the Azzurra licence, …


Po Valley Appoints New Directors

July 21, 2010

Po Valley Energy is pleased to announce the appointment of Greg Short as a non-executive director of Po Valley Energy and the appointment of Roberto Fazioli as a non-executive director of Northsun Italia Spa, Po Valley’s 100% owned Italian operating company. Greg Short is a geologist who w…


Po Valley strengthens management team

July 8, 2010

Po Valley Energy Limited (ASX: “PVE”) is pleased to announce the following key appointments to its executive and technical teams: Mr Giovanni Catalano has joined the Po Valley team as Deputy Chief Executive Officer and Chief Operating Officer. He is based in Rome. Mr Catalano succeed…


Second Quarter Production - Po Valley Gas Production Tops 10 Million Cubic Metres Since Production Start

July 6, 2010

Po Valley Energy Limited (ASX: “PVE”) has marked its commencement as a gas producer with output topping 10 million cubic metres for the period from production start to 30 June 2010. Po Valley joined the ranks of Italian gas producers late in December with the commissioning of its Ca…


Sillaro Commences Production

May 19, 2010

Po Valley Energy Limited (ASX: “PVE”) today announced that commercial gas production had commenced at its second production field in Northern Italy. Production from the first of two production wells in the Sillaro field (near Bologna) has begun and the second well is planned to be br…


Castello Well Shutdown for Pressure Measurement

May 14, 2010

On 29 April 2010 the Company advised the ASX regarding plans to conduct downhole pressure measurements at the Castello gas field in May and detailed in the Quarterly report dated 3 May 2010. In line with this advice, the Castello well (Vitalba-1dir) has now been shut in and production stopped a…


Castello Production Pressure Update

April 29, 2010

As reported in the March quarter update Castello produced 5.4 million cubic metres at an average daily rate of 60,000 cubic metres a day which is less than the current maximum pipeline entry rate of level of 70,000 cubic metres a day. While plant commissioning has been successful, and productio…


2010 Annual General Meeting

April 16, 2010

The Directors of Po Valley Energy Limited are pleased to announce that the Company’s 2010 Annual General Meeting will be held at 11.00am on 19 May 2010 (WST) at Level 19, AMP Tower, 140 St Georges Terrace, Perth, Western Australia. The Notice of Meeting, Proxy Form and Shareholder Questio…


Two-Stage Development Path for Po Valley’s Fourth Gas Field in Northern Italy

April 15, 2010

A development plan has been announced by Po Valley Energy (ASX: PVE) to bring its Bezzecca gas field in northern Italy into production by 2012. The field will be the Company’s fourth production field in Italy, following the start-up early this year of its Castello field east of Milan, wh…


First Quarter Production and Development Update

April 6, 2010

Castello (near Milan, northern Italy) Castello produced 5.4 million cubic metres (190 million cubic feet) in the March quarter 2010 Average quarterly production was 59,884 metres per day (2.12 million cubic feet per day) - and is currently running at 60,000 cubic metres per day Reven…


Po Valley Energy 2009 Financial Report

March 1, 2010

Po Valley Energy (ASX:PVE) announces the lodgement today of its Financial Report for the year ended 31 December 2009. The financial results reflect the continued progress of the Company, which brought into production its first north Italian gas field, Castello, near Milan, late in 2009. Highligh…


Energy Milestone as Australia’s Largest Investor in Italy Celebrates Gas Plant Inauguration

January 13, 2010

Australia’s largest investor in Italy - resource focused Po Valley Energy Limited - has marked its maiden production of one million cubic metres of gas with a formal plant inauguration ceremony overnight led by Australia’s Ambassador to Italy, Ms Amanda Vanstone. Po Valley’s (…