June 16, 2014
Po Valley Energy (ASX:PVE) is pleased to announce that the Ministry of
Economic Development has officially notified the award of the
preliminarily production concession for the Sant’Alberto gas field
(north of Bologna).
The Company will now submit the Environmental Impact Assessment to the
Emilia Romagna Region, the last step towards the full grant of the
As previously reported in the Company’s 2013 Annual Report, the
estimated contingent resources for this gas field are as follows:
Contingent Resource Category *
||Contingent Resource Estimate - (Bcf)
“The long awaited preliminary award of the Production Concession marks
the achievement of an important regulatory hurdle in the process toward
our fourth producing gas field. Planned development for the Sant’Alberto
field envisions a small modular plant and a simple connection to the
national grid which is some 200 meters away.” said Sara Edmonson, Po
Valley’s Acting CEO.
* Evaluation date 13 December 2013. The deterministic method was used to prepare the estimates of contingent resources.
Po Valley Energy
+39 06 4201 62 75
Qualified petroleum reserves and resources evaluator:
The information in this announcement that relates to Hydrocarbon
Resources is based on, and fairly represents, information and supporting
documentation prepared under the supervision of the Qualified Petroleum
Reserves and Resources Evaluator, Mr. Greg Short. Mr Short is a
Non-Executive Director of Po Valley Energy Limited, a geologist with
over 40 years of oil and gas industry experience and a member of AAPG.
He has consented to the form and context in which the Contingent
Resources/Prospective Resources and the supporting information are
presented in this announcement.
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