News & ASX Releases

Final Authorization Awarded for Castello Gas Production Plant

December 8, 2009

Po Valley Energy (ASX: “PVE”) is pleased to advise that on Monday 7th December the Ministry of Economic Development signed the final approval to commence production on the Company’s 100% owned and developed Castello gas production plant, east of Milan, in northern Italy.

Key site visits and safety inspections at the Castello site by the Ministry and Fire Brigade officials were successfully completed over the past two weeks and now the Company has been granted approval on the final HSE document necessary to commence production activities.

“This is the final milestone we have been waiting for” Po Valley’s Chief Executive Officer, Mr Michael Masterman, said today.

“Initial Commissioning of the Castello plant is complete and first gas into the Italian national network is expected during the course of next week”.

Plant installation at Po Valley’s second planned production contributor, the Sillaro field east of Bologna in northern Italy, remains on schedule with the plant 85% complete. Commissioning is expected in January 2010.

Castello plant ready to start production


Michael Masterman
Po Valley Energy
0417 851 303

Kevin Skinner
Field Public Relations
(08) 8234 9555 / 0414 822 631

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