PVE receives penultimate approval for production - Selva

June 2, 2022

Po Valley Energy receives penultimate approval for production at Podere Maiar gas field

Highlights

• Emilia Romagna Regional Council approves INTESA (local government productionagreement) for the Podere Maiar gas field at Selva Malvezzi
• INTESA is a prerequisite for Italy’s Ecological Transition Ministry (MiTE) to grant a FinalProduction Concession at Podere Maiar
• Final Production Concession will allow Po Valley to install gas plant and a 1km pipeline –contract negotiations are underway to complete this
• Po Valley expects first gas from Podere Maiar in 1H CY2023, subject to final approval.

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