Sillaro Commences Production

May 19, 2010

Po Valley Energy Limited (ASX: “PVE”) today announced that commercial gas production had commenced at its second production field in Northern Italy.

Production from the first of two production wells in the Sillaro field (near Bologna) has begun and the second well is planned to be brought in to production over the next fortnight.

Production from double completed Sillaro 2dir well was operating at its targeted production rate of 31,200m3/day from level A and will be increased further when level E is brought into production over the next week. Production from Sillaro 1dir is planned to follow.

Over the next month the plant will be brought up to the planned full production rate of 110,000m3/day.

There have been no safety incidents during the installation and commissioning of the Sillaro plant.

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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