August 29, 2013
Po Valley Energy Limited (ASX:PVE) is pleased to announce positive log
results following the drilling of the exploration well Gradizza1.
After reaching the Total Depth of 1,030 metres during the weekend, the
Company has now completed logging operations and it is pleased to
confirm the identification of a gas bearing zone in the primary target
area of the quaternary sand level. The well intersected a 10 metres
gross gas column, with 9 metres of net gas sand.
PVE has elected to run casing, complete the well and start the
production test. Upon evaluation of the test results, production rates
will be finalized.
The Company will report results of the testing once completed which is expected to take approximately one week.
Po Valley Energy
+39 06 4201 62 75
About Po Valley Energy
Po Valley Energy (ASX: PVE) is an oil and gas producer and exploration
company listed on the Australian Stock Exchange. It has an expanding
portfolio of hydrocarbon assets in northern Italy. Po Valley holds 12
license areas, encompassing 2,000 square kilometres and owns and
operates two gas treatment plants. The Po Valley region is the main gas
production zone in Italy. The Company’s web site is http://www.povalley.com
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