Po Valley strengthens management team

July 8, 2010

Po Valley Energy Limited (ASX: “PVE”) is pleased to announce the following key appointments to its executive and technical teams:

Mr Giovanni Catalano has joined the Po Valley team as Deputy Chief Executive Officer and Chief Operating Officer. He is based in Rome. Mr Catalano succeeds Mr Doug Colkin whose contract as Chief Operating Officer was completed in June. The Board thanks Mr Colkin for his contribution during his two years with Po Valley and welcomes Mr Catalano to the executive team.

Mr. Catalano has had almost 30 years’ experience in the upstream oil and gas industry. His most recent position was as Chief Executive Officer of Mediterranean Oil & Gas plc in the UK and Italy. Prior to that, he was Business Development Manager — Far East and lately North Africa with Woodside Energy based in Perth. Prior to Woodside, Mr Catalano held senior positions with ENI and LASMO International. He is member of SEAPEX and AAPG and holds a masters degree in Geology from the University of Ferrara.

The Company also announced that Ms Sara Edmonson has taken up the role of Finance and Administration Manager. Ms Edmonson, who is fluent in Italian, has over the past five years worked both in Italy and internationally for Ernst & Young Transaction Advisory Services. Over the years Sara has worked on numerous cross border transactions including the European energy sector. She holds an MBA from the St John’s University in New York.

“The appointment of Giovanni and Sara provides strong leadership in the key operations and finance roles at Po Valley,” Po Valley’s Chief Executive Officer, Mr Michael Masterman, said today.

Our technical team has been expanded with the appointment of Mr Giorgio Bertuzzi, formerly with Eni, as Po Valley’s Exploration and New Projects Manager, and Mr Christian Masini, formerly with Eni and Shell, as Petroleum Engineer. Both Mr Bertuzzi and Mr Masini bring significant line exploration and operations experience to the team.

“We now have a well balanced core technical team in place covering geology, geophysics and reservoir engineering to drive our oil and gas production and exploration activities forward” Mr Masterman 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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