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Po Valley Appoints New Directors

July 21, 2010

Po Valley Energy is pleased to announce the appointment of Greg Short as a non-executive director of Po Valley Energy and the appointment of Roberto Fazioli as a non-executive director of Northsun Italia Spa, Po Valley’s 100% owned Italian operating company.

Greg Short is a geologist who worked with Exxon in exploration, development and production geosciences and management for 33 years in Australia, Malaysia, USA, Europe and Angola. During his time in Europe, Greg was actively involved in Exxon’s activities in the Netherlands and Germany. Greg was Geoscience Director of Exxon’s successful development of its Angola offshore operations.

Graham Bradley, Chairman of Po Valley Energy, commenting on the appointment stated that “We are delighted that Greg has joined us as a director. His professional expertise and career experience means that he brings to the Board a strong technical grounding in oil and gas exploration, development and production including reserves definition and management”.

Greg retired from Exxon in 2006 and is a non-executive director of ASX listed MEO Australia and Pryme Oil and Gas Limited.

Roberto Fazioli is based in the north of Italy and is active in a range of downstream gas and energy distribution businesses. Roberto is currently Chairman of Soelia, AIM Vicenza and Soenergy, local public service companies. Soenergy distributes gas and electricity in the province of Ferrara and Modena, with more than 26,000 final consumers. He is also a professor of Business Studies at Ferrara University.

“Roberto’s appointment brings valuable business experience to our management team. His deep knowledge of the Italian energy industry and regulatory environment will significantly strengthen our local operating capability” Mr Bradley said.

MEDIA CONTACTS:

Michael Masterman
Po Valley Energy
0417 851 303

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

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