News & ASX Releases

Po Valley Raises $1.3M in Private Placement

December 3, 2012

Po Valley Energy Limited (ASX: PVE) announced today that it has raised A$1.35million through a private placement. The company will, subject to obtaining the necessary shareholder approval, issue 11,266,667 fully paid ordinary shares at an issue price of $0.12 to several Australian institutional…


Po Valley Awarded Preliminary Production Concession for the Bezzecca Gas Field

September 26, 2012

Po Valley Energy (ASX:PVE) the Northern Italy focused oil and gas E&P company has been awarded a preliminarily production concession on its Bezzecca gas field by the Italian Ministry of Economic Development. The preliminary award of the concession follows the completion of a technical and e…


Po Valley Half Year Results

August 3, 2012

Po Valley Energy Ltd. (ASX: PVE), the Northern Italy focused oil and gas E&P company announces its half year results for the six months ended 30 June 2012. Financial Results The Company continued to perform well during the first 6 months of the year. Cashflow from operations was €4.1 mill…


Po Valley Awarded Torre del Moro Preliminary Exploration Permit

July 27, 2012

Po Valley Energy Limited (ASX:PVE), the Northern Italy focused gas and oil exploration and production company, has been awarded a preliminary exploration permit for a new onshore licence - Torre del Moro - by the Italian Ministry for Economic Development. The exploration permit is located in …


Po Valley Awarded First Offshore Exploration Permit

July 20, 2012

Po Valley Energy Limited (ASX:PVE), the Northern Italy focused gas and oil E&P company, has been awarded its first offshore exploration permit by the Italian Ministry for Economic Development. The exploration permit named AR94PY (previously denominated AR168PY) is located in the shallow wate…


Po Valley Appoints Two New Directors

June 19, 2012

The directors of Po Valley Energy Limited (ASX: PVE) are pleased to announce the appointment of Kevin Eley as a non-executive director and the Company’s CEO, Giovanni Catalano as managing director with effect from today. The appointment of Kevin Eley is in line with the board’s succ…


Po Valley executes a Farmout on 2 Licences in the Po Valley

June 15, 2012

Po Valley Energy Limited (ASX:PVE) is pleased to announce that a farmin agreement has been executed with Petrorep Italiana S.p.a. (PETROREP) for the Cadelbosco di Sopra exploration licence as well as an option agreement in respect of the La Prospera exploration licence — both licences are …


Retirement of Mr David McEvoy as a Director

May 30, 2012

As previously advised, Mr David McEvoy, non-execute director, retired at the Company’s 2012 AGM on 28 May 2012. Mr McEvoy’s Final Director’s Interest Notice follows. Yours faithfully, Lisa Jones Lisa Jones Company Secretary


Po Valley’s Gas Fields Unaffected by Earthquake

May 21, 2012

Po Valley Energy (ASX:PVE) advises that its Castello and Sillaro Gas Fields, located in Northern Italy, do not appear to have sustained any damage due to the earthquake which struck the Po Valley region on Sunday 20 May. Both fields are producing normally with no damage to plant or equipment evi…


Reserves and Resources Update

April 17, 2012

In February this year Po Valley Energy (the Company) engaged the independent experts Fugro Robertson Limited (FRL) to comprehensively review its Reserves and Resources base. This audit involved an extensive review of all existing evaluations of the Company’s assets undertaken either inter…


Po Valley Energy 2011 Financial Results

March 20, 2012

Po Valley Energy (ASX:PVE) has today announced its financial results for the year ended 31 December 2011. Highlights Full year gas production was 28.9 million cubic metres (1.02 billion cubic feet), an increase of 8% from last year (2010: 26.7 million cubic metres) Revenue was €9.11 million…


Vitalba And Sillaro Gas Production Update

March 2, 2012

Po Valley Energy (ASX:PVE) is pleased to announce that its Castello and Sillaro fields are currently producing at a combined daily rate of 77,000 standard cubic meters per day (2.7 million cubic feet per day), following stabilisation of the Viitalba1dirA well at Castello and resumption of produc…


Restart of Vitalba Gas Production and Temporary Reduction of Sillaro Production

February 8, 2012

Po Valley Energy (ASX:PVE) is pleased to announce that gas production from the Vitalba1dirA well, in its Cascina Castello concession, north of Milan, has started today. Production from the Pliocene SAN A2 sand level has commenced at a rate of about 0.5 million standard cubic feet per day and it…


Production Update

February 3, 2012