February 14, 2011
new seismic campaigns have been initiated by ASX-listed Po Valley
Energy Limited (ASX: “PVE”) to progress exploration and development of
two of its gas projects near Bologna, in northern Italy.
Po Valley announced today it had commenced acquisition of a 2D land
geophysical survey at the Sant’Alberto gas field located in the San
Vincenzo exploration licence north of Bologna, and on the Cembalina
prospect within the Podere Gallina exploration permit, northeast of
The additional infill seismic lines on the Sant’Alberto gas field are
designed to validate the results previously simulated through dynamic
modeling of the reservoirs, run in 2010 and to confirm the updip
structural crestal location of the accumulation.
The Sant’Alberto gas field was drilled and discovered through the Santa
Maddalena-1 well. The field is now high priority to progress towards
approval for gas production in early 2012.
The extra infill lines related to the Cembalina prospect will be
acquired to confirm the drilling location for an exploratory well
planned on the structure.
The two new seismic surveys amount to a total of 40 firm line-kilometres
and an additional 20 contingent line-kilometres, should more coverage
of critical areas be necessary.
The contract has been assigned to Geotec SpA, an internationally
certified Italian seismic acquisition contractor with seismic data to be
acquired with a vibroseis crew.
Commenting on the start of the new seismic acquisition survey Po Valley Energy’s CEO, Mr. Giovanni Catalano, said:
“The purpose of acquiring this critical geophysical data is to
finalise the gas production concession for the Sant’ Alberto gas field
and target the drilling location for the Cembalina prospect. We expect
the newly acquired seismic data to be incorporated promptly into the
existing dataset allowing the Company to act on the pending application
for concession of San Vincenzo permit and the planning for a well in the
Podere Gallina licence”.
Po Valley Energy
+39 06 4201 62 75
Field Public Relations
(08) 8234 9555 / 0414 822 631
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