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 ahead of planned wireline operations.
Wireline operations will be conducted over the next week to acquire
downhole static and dynamic pressure profile measurements and assess
reservoir behavior in the two gas production levels San A1 and San A2.
These new data, together with production performance of the well to
date, will be used to determine the optimum forward production plan and
reassess remaining reserves.
Po Valley Energy
0417 851 303
Field Public Relations
(08) 8234 9555 / 0414 822 631
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