News & ASX Releases

Producing and Near-Production Field Reserves Revision

November 25, 2016

Po Valley Energy Ltd (ASX:PVE) wishes to update the market on the Sillaro, Bezzecca and Sant’Alberto fields’ reserves and resource estimates and forthcoming development schedule. Throughout the year we have reported the progress on the rigless rework of the Sillaro field aimed to increase produc…


Po Valley awarded large offshore preliminary production concession

November 24, 2016

Po Valley Energy Ltd (ASX: PVE) - the Australian oil & gas exploration, development and production company with expanding interests in Northern Italy - is pleased to announce a further significant development in its drive towards new gas production in 2017 and 2018. The Italian Ministry of Economic …


EGM Results and Market Update

October 25, 2016

Po Valley Energy Ltd (ASX: PVE) the Italian based oil & gas exploration, development and production company with interests in Northern Italy (The Company), is pleased confirm the result of today’s EGM and update the market on progress on the Bezzecca pipeline.At the EGM today, shareholders unanimo…


Po Valley Announces the award of the Environmental Approval for the Sant’Alberto gas field

September 27, 2016

Po Valley Energy Ltd (ASX: PVE) the Italian based oil & gas exploration, development and production company with interests in Northern Italy (The Company), is pleased to announce the award of the Environmental Impact Assessment (EIA) Decree for its Sant’Alberto gas field.The EIA Decree was recentl…


Po Valley Raises $900,000 in Private Placement

September 12, 2016

Po Valley Energy Limited (ASX: PVE) announced today that it has raised A$900,000 through a private placement. The company will, subject to obtaining the necessary shareholder approval, issue 45,000,000 fully paid ordinary shares at an issue price of $0.02 (2 cents) to several institutional and sophi…


Bezzecca Update: Master Contract Signed and Pipeline Construction Commenced

September 12, 2016

Po Valley Energy Ltd (ASX: PVE) the Italian based oil & gas exploration, development and production company with interests in Northern Italy (The Company), is pleased to announce the signature of the master construction contract with local contractor TESI Srl for the development of its 90% Bezzecca …


Update on Sillaro Rigless Intervention

June 26, 2016

Po Valley Energy Ltd (ASX: PVE) Italian based oil & gas exploration, development and production company with interests in Northern Italy, wishes to update the market about the works on its Sillaro gas field.Following failures in the contractor’s perforation equipment, the contractor recently retur…


Update on Sillaro

May 29, 2016

Po Valley Energy Ltd (ASX: PVE) Italian based oil & gas exploration, development and production company with interests in Northern Italy, wishes to update the market on the workover on its Sillaro gas field.Plans to perforate Level C1 in our Sillaro production field have been delayed due to failures…


Po Valley Energy Refinances and Reduces Debt

May 9, 2016

Po Valley Energy, the Italian gas production company, is pleased to announce a reduction and refinancing of its outstanding debt.Debt Reduction and RefinancingThe outstanding debt has been reduced to EUR 450,000 and refinanced through a streamlined facility provided by existing and former Directors …


Update on Sillaro

May 3, 2016

Po Valley Energy Ltd (ASX: PVE) Italian based oil & gas exploration, development andproduction company with interests in Northern Italy, wishes to update the market about theworkover on its Sillaro gas field.The workover has been conducted over the last 10 days with the objective of accessing ga…


Po Valley Energy 2015 Financial Results

April 1, 2016

Po Valley Energy (ASX:PVE) has today announced its financial results for the year ended 31 December 2015. In summary: Full year gas production was 9.84 million cubic metres (0.34 billion cubic feet). Net cash flow from operating activities resulted as a loss of €600,436 (or AUD 0.88 million…


Offer document

March 17, 2016


Po Valley announces a renounceable pro-rata rights issue

March 17, 2016

Po Valley Energy Limited (ASX: PVE) is pleased to announce a renounceable 2.5 for 1 pro-rata rights issue offer to shareholders to raise approximately $1.75 million before costs.Under the Rights Issue, eligible Shareholders with a registered address in Australia or New Zealand will be entitled to su…


Company update on initiatives to recapitalise and restructure

March 17, 2016

Po Valley Energy Limited (ASX:PVE) provides the following market update. As previously reported, the Company’s priorities have been to increase production and revenue from its Sillaro gas field, to seek funding to bring its near term development assets into production and to progress the licensing…


Greg Short retires from PVE Board

January 24, 2016

Po Valley Energy Ltd (ASX: PVE) advises that Greg Short, a non-executive director retired from the board with effect from 25 January 2016. Mr Short has some pressing family issues which he felt made it impossible for him to devote the necessary time and effort to continue to carry out his board dut…


Update on Restructure of Company’s Borrowing Arrangements

January 20, 2016

Po Valley Energy Ltd (ASX: PVE) the Italian based oil & gas exploration, development and production company with interests in Northern Italy provides the market with the following update further to its request for a trading halt* and voluntary suspension. The Company has requested that the vol…


Suspension

January 17, 2016

The securities of Po Valley Energy Limited (The Company) will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement(see full release in pdf)


Trading Halt

January 14, 2016

The securities of Po Valley Energy Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the e…


Offshore Regulatory and Operations Update

January 6, 2016

Po Valley Energy Ltd (ASX: PVE) the Italian based oil & gas exploration, development and production company with interests in Northern Italy provides the following offshore regulatory and operations update.Changes to Offshore LegislationIn late December 2015, the Italian Parliament passed the 20…