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Po Valley Energy Limited
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Po Valley Energy Limited
All rights reserved.
December 12, 2005
A gas deviation well drilled in northern Italy by Australian petroleum explorer, Po Valley Energy Limited (“PVE”) will be flow tested over 3 zones during the next two weeks following positive petrophysical evaluation of the well log results. The detailed evaluation of the log results shows a series of thick and thin bed sands over nearly 100 metres from 2160m to 2257m (measured depth). The gas bearing zones cover the target zone - PL2B from 2218 to 2238m, an immediately deeper zone - PL2A — from 2239m to 2257m and a shallower zone — PL2C from 2160m down to potentially to 2197m.