Additional Information
Market: ASX
Sector: Energy
EPIC: PVE
Latest Price: A$0.19  (5.56% Ascending)
52-week High: A$0.30
52-week Low: A$0.14
Market Cap: A$21.12M
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Po Valley Energy
www.povalley.com

Po Valley Energy is a leading independent Oil and Gas enterprise growing rapidly from quiet, results-driven beginnings. The Company currently operates exclusively in northern Italy exploiting the large hydrocarbon system, and it is now a gas producer in the fast-growing Italian market as it brings its first 2 fields into production - with more to come. All of the Po Valley Energy's fields are in very close proximity to the pipeline grid and major consumers in the north of Italy.

Pdf

Po Valley Energy one step closer to gas production in Italy

2nd Jul 2009, 7:31 am Po Valley Energy one step closer to gas production in Italy

Po Valley Energy (ASX: PVE) have achieved another milestone at the Castello gas field east of Milan.

Installation works on the Castello production field east of Milan have commenced.

Castello is 78% complete. First production is scheduled for late October 2009 - at an initial production capacity of 2.7 million cubic feet per day.

Italian contractor, Semat SpA, have commenced site activities today and expects to complete the civil works and plant installation within a target four-month schedule.

Po Valley Energy Managing Director, Michael Masterman said all production plant and equipment has been built, factory tested and awaiting completion of the 1st phase of civil works ready for installation.

"PVE is now in control of its development schedule for this field – a crucial hurdle for the Company,” Masterman said.

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