News & ASX Releases

Update on Gradizza and debt facility

December 20, 2013

Po Valley Energy Ltd (ASX: PVE) provides the following update on the Gradizza gas field. The Company recently reported the completion of its rig-less test on its newly drilled Gradizza-1 well which confirmed commercially viable gas flows. Following ongoing review of these test results, the Compan…

Stronger flow test results at Gradizza-1 well

December 4, 2013

Po Valley Energy Limited (ASX: PVE) is pleased to inform the market that it has successfully completed rigless testing at the Gradizza-1 gas discovery, which was drilled in September. Testing was completed over 5 days on different chokes. Flow rates stabilised at ~15,000 standard cubic metres/…

Po Valley to conduct further testing on Gradizza-1 gas discovery

October 10, 2013

Po Valley Energy Limited (ASX: PVE) provides the following update in relation to the Gradizza-1 gas discovery which was drilled in early September. After reviewing the initial test data, the Company advised that it will proceed with rigless testing to complete the well cleanup and perform add…

Flow test confirms Gradizza-1 gas discovery

September 12, 2013

Po Valley Energy Limited (ASX: PVE) has completed initial testing of the Quaternary gas bearing level of the Gradizza-1 well. During the production test, the flow rate stabilised at 247,000 standard cubic feet/day (~7,000 standard cubic metres/day) with a 3/16” choke. Well pressure recovere…

Positive log results at Gradizza1 well

August 29, 2013

Po Valley Energy Limited (ASX:PVE) is pleased to announce positive log results following the drilling of the exploration well Gradizza1. After reaching the Total Depth of 1,030 metres during the weekend, the Company has now completed logging operations and it is pleased to confirm the identifica…

Po Valley Energy to spud Gradizza-1 well

August 14, 2013

Po Valley Energy Limited (ASX:PVE) is pleased to advise the market that the drilling of the Gradizza-1 exploration well, in the La Prospera licence (north of Bologna), has commenced. The drilling contractor company is LP Drilling Srl with its hydraulic rig “Corsair 300” and drilling …

Po Valley CEO to Step Down

August 12, 2013

Po Valley Energy Limited (PVE:ASX) wishes to advise that its CEO, Mr Giovanni Catalano, will step down from that position today. The Board, in discussion with Mr Catalano, has determined that it is in the best interests of the Company to terminate Mr Catalano’s Consultancy Agreement un…

Po Valley Announces 2013 First Half Results

August 8, 2013

Po Valley Energy Ltd. (ASX: PVE) announced today its 2013 half year results for the six months ended 30 June 2013. Financial Results Half year operating results were adversely affected by reduced gas production at both of the Company’s producing fields and lower realised gas prices. The Co…

Production Update

July 5, 2013

Sillaro Field Po Valley Energy Limited (ASX: PVE) is pleased to advise that it has completed the installation of a 3-phase separator at its Sillaro gas field. Production of Sillaro’s major producing levels C1-C2 has recommenced at a rate of around 65,000 Scm/day. Production is planned to …

Po Valley signs gas sale contract with Shell

July 1, 2013

Po Valley Energy Limited (ASX:PVE), the northern Italy focused gas and oil exploration and production company, is pleased to announce to the Market that it has finalised a new off-take agreement with Shell Italia S.p.A — part of the global group Royal Dutch Shell. The contract is benchmark…

Po Valley awarded a new high-potential gas exploration licence

June 6, 2013

Po Valley Energy Limited (ASX:PVE) the northern Italy focused gas and oil exploration and production company, announces the full award of a new exploration licence by the Ministry of Economic Development. The new licence, “Tozzona”, is located in Emilia-Romagna, in the provinces of B…

Po Valley commits to drill Gradizza-1 exploration well and Executes New Farmout

May 9, 2013

Po Valley Energy Limited (ASX:PVE) is pleased to announce its commitment to drill the Gradizza-1 exploration well in the La Prospera licence (north of Bologna in the Po Valley), and the execution of a new farmin agreement. The agreement was reached with AleAnna Resources LLC, a Delaware (U.S.) …

Po Valley successfully completes refinancing with Nedbank: Provides funds for Growth

May 6, 2013

Po Valley Energy Limited (ASX:PVE) is pleased to announce the completion of a €20 million Reserve Based Lending (RBL) facility with the London branch of Nedbank Group Limited, one of the four largest banking groups in South Africa. The new five year term RBL facility replaces the CompanyR…

2013 Annual General Meeting

March 28, 2013

28 March 2013 The Manager Company Announcements ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam, 2013 Annual General Meeting Po Valley Energy Limited advises that its 2013 annual general meeting will be held at 11.30am on Friday, 24 May 2013 at the offices of KPMG at…

Po Valley Energy 2012 Financial Results

March 18, 2013

Po Valley Energy (ASX:PVE) has today announced its financial results for the year ended 31 December 2012. Highlights Net cash flow from operating activities was €4.34 million (AUD 5.39 million) up 33% (2011: €3.26 million)Revenue was €8.20 million or AUD 10.18 million (2011: €9.11 milli…

Extraordinary Meeting Results

February 15, 2013

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Extraordinary General Meeting of Shareholders

January 14, 2013

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