News & ASX Releases

Po Valley’s new Italian gas well to be flow tested next month after being cased for production

December 21, 2017

A new Italian gas production well for Australia’s Po Valley Energy Limited (“PVE” or the “Company”), is to be flow tested next month after being successfully cased for production.The Company announced today that it had successfully cased, perforated and completed the Podere Maiar 1dir expl…


Saffron Energy Plc Board Changes

December 13, 2017

James Parsons, the CEO of AIM listed Sound Energy Plc and Fiona Mcauley CEO Echo Energy Plc and former COO of Rockhopper Plc have joined the Board of Saffron Energy Plc (54% owned by Po Valley Energy Limited), effective 12 December 2017 as independent Non-Executive Directors further strengthening th…


Positive log results at Italian gas well - Podere Maiar 1dir

December 6, 2017

Positive log results have been announced by Australian ASX-listed natural gas company, Po Valley Energy Limited, from the drilling of its Podere Maiar 1dir (“PM1”) well in the Selva Gas Field in northern Italy’s Podere Gallina licence area.It will now be completed as a production well. PM1 was…


PVE spuds Podere Maiar 1 dir well in Selva gas field

November 21, 2017

Po Valley Energy Limited, the Australian ASX listed natural gas company, is pleased to announce that it has spudded the Podere Maiar 1 dir well in the former Selva gas field on Tuesday 21 November.The well will be drilled to a target depth of 1,350 meter in the Pliocene which is expected to take 20-…


Australia’s Po Valley secures additional London partner funding for new drill campaign this month on major Italian gas play

November 1, 2017

Australian gas producer, Po Valley Energy Limited, (ASX: “PVE” or the “Company”) is pleased to announce that the Company has secured an additional London-based partner to help fund a new drill program commencing this month on a large and historically proven onshore Italian gas field.Prospex …


Po Valley Energy and Saffron Energy Plc Announce Leadership Changes

October 31, 2017

Po Valley Energy Limited (ASX: “PVE” or the Company) is pleased to announce that effective 1 November 2017 Michael Masterman, currently the Chairman of PVE, will also assume the role of Chief Executive Officer (CEO) of PVE, replacing Sara Edmonson, who will formally take up the position of CEO w…


Australia’s Po Valley to spud new large gas play in one of ENI’s most historic Italian gas production fields

October 25, 2017

One of ENI’s former and largest onshore Italian gas production fields in northern Italy is to be the subject next month of a new and large near-term onshore gas development production push by Australian gas producer, ASX-listed Po Valley Energy, (ASX: “PVE”). Po Valley’s new Podere Maiar 1 …


Italian gas field production concession granted to project’s major stakeholder: Australia’s Po Valley

October 18, 2017

A production concession for a new onshore north Italian gas field close to existing producing infrastructure, has been granted to a European entity controlled by Australia’s ASX-listed Po Valley Energy Limited (ASX: PVE or “the Company”). The Sant’ Alberto production concession near B…


Po Valley in proposed major re-organisation of Italian oil and gas assets into larger AIM-listed play with renowned UK energy executive as new Chair

October 6, 2017

A major re-organisation and asset ownership structure has been announced by Australian gas producer, Po Valley Energy, (ASX: “PVE”) for all of its Italian oil and gas exploration and production interests. The move will give PVE shareholders a stake in a much enlarged and more liquid operator to …


Po Valley’s subsidiary, Saffron Energy, completed a Placing of £1.25 Million (AUD 2.16 million)

September 26, 2017

Saffron Energy Plc, the UK listed subsidiary of ASX Listed Po Valley Energy (PVE), has successfully raised £1.25 (AUD 2.16 million) in a private placement to new and existing shareholders. Following the issue of the placement shares, PVE’s holding in Saffron will reduce from 65% to 54%. The funds…


A$1.7m sale of two Italian oil licences by Australia’s Po Valley

September 25, 2017

The sale of two onshore Italian oil exploration licences for A$1.69 million has been announced by Australia’s Po Valley Energy Limited (ASX: PVE or “the Company”), an Italian based oil and gas exploration, development and production company. Po Valley is selling its 85% interest in the fully …


Change of Auditor

July 25, 2017

Po Valley Energy Limited (ASX: PVE – “Company”) advises that in accordance with ASX Listing Rule 3.16.3, with effect from today, 25 July 2017, Bentleys NSW Audit Pty Ltd (Bentleys) has been appointed Auditor of the Company. The appointment follows the resignation of Ernst & Young (EY), and the…


Quarterly Production and Development Report

July 11, 2017

Q2 Gas Production Production from Sillaro (100%) and Bezzecca (90%) gas fields - which Po Valley holds through its subsidiary Saffron Energy Plc. - has increased by 104% from 862,000 standard cubic metres (30.4 mmcf) in the quarter ended 31 March 2017 to 1.762 million standard cubic metres (62.2 m…


Change of Company Secretary

July 4, 2017

Po Valley Energy Limited (ASX: PVE – “Company”) advises that in accordance with ASX Listing Rule 3.16.1, Lisa Jones will step down as Company Secretary, effective 3 July 2017. Zoe Levendel, from Company Matters Pty Limited, has been appointed Company Secretary, also effective 3 July 2017. …


Sant’Alberto Update on Development Timeline

June 29, 2017

Australian gas producer, Po Valley Energy, (ASX: “PVE”) is pleased to provide an update on the development of its Sant’Alberto licence application which it holds through its subsidiary Saffron Energy Plc. The Company continues to make good progress in its application for a full production c…


Commercial gas production begins from Bezzecca. Testing now complete

May 15, 2017

Australian gas producer, Po Valley Energy, (ASX: “PVE”) is pleased to announce that testing of the primary production layers from the Bezzecca well east of Milan, Italy, is complete and gas production planning has been finalised. The initial plan now is to operate all three levels with an estima…


Po Valley advances funding for key Northern Italy gas field with United Oil and Gas farm-in

May 8, 2017

Australian gas producer, Po Valley Energy, (ASX: “PVE”) is pleased to announce it has reached a conditional agreement for United Oil & Gas (“United”) to earn a 20% stake through a 2 for 1 farm into Po Valley’s Podere Gallina licence, which contains the Selva gas field The agreement all…


First Gas flows at Bezzecca

April 19, 2017

Australian gas producer, Po Valley Energy, (ASX: “PVE”) is pleased to announce it has commenced first gas production from the Bezzecca gas field on Thursday 13 April 2017. Commissioning and ramp-up leading to anticipated flow rates in the range of 30,000-40,000 scm per day, equivalent to 190-250…


Final Approval for First Gas at Bezzecca in Northern Italy

April 13, 2017

Australian gas producer, Po Valley Energy, (ASX: “PVE”) is pleased to announce its 65% owned AIM-listed subsidiary, Saffron Energy (AIM:SRON) has received the final approval from the Italian Ministry of Economic Development (UNMIG) for gas production at the Bezzecca gas field on 11 April 2017. C…


Po Valley raises $1.18 million in private placement

April 7, 2017

Po Valley Energy Limited (ASX: PVE) announced today that it has raised A$1,179,256 through a private placement. The company will, subject to obtaining the necessary shareholder approval, issue 42,882,037 fully paid ordinary shares at an issue price of $0.0275 (2.75 cents) to several institutional an…


Bezzecca completed on schedule and within budget

March 23, 2017

Australian gas producer, Po Valley Energy, (ASX: “PVE”) is pleased to announce its 65% owned AIM listed subsidiary, Saffron Energy (AIM:SRON) has achieved mechanical completion of the Bezzecca natural gas project outside Milan within budget and on schedule. Certificates for mechanical and instru…


Australia’s Po Valley granted large onshore oil exploration licence - Torre del Moro - in northern Italy

March 3, 2017

Australian listed oil and gas exploration, development and production company, Po Valley Energy Ltd (ASX: PVE), which has energy assets in northern Italy, has been granted the large onshore Torre del Moro oil exploration licence, located southeast of Bologna, in the eastern Po Valley region of Italy…


Saffron Energy spin-out to list on London’s AIM later this month after A$4.1m raising to drive new north Italy gas production

February 16, 2017

Australia’s Po Valley firms up timeframes for Initial Public Offer (IPO) capital raising and London listing for new spinout - Saffron Energy Plc Saffron to now list on London’s AIM late in February Po Valley to retain approximately 65% stake in Saffron IPO to raise A$4.1/GBP2.5m to accelerate ga…


First Bezzecca gas from next month for Australia’s Po Valley

February 15, 2017

A new onshore northern Italy gas field, Bezzecca, is to be brought on stream next month under a project update released today by Australian listed oil & gas exploration, development and production company, Po Valley Energy Ltd (ASX: PVE), which owns Bezzecca among a suite of other gas field interest…