Asia Business News | Saturday, July 05, 2008
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Po Valley Energy Limited (PVE) is engaged in the exploration for gas in the Po Valley region in Italy, and appraisal and development of gas properties. During the year ended December 31, 2006, the Company prepared and submitted production concession applications for Sillaro, Castello (aka Vitalba) and Sant Alberto (aka Santa Maddalena) fields. During 2006, eight new license area applications were submitted, of which PVE was awarded with the rights to proceed forward for five gas and oil exploration licenses applications in Italy. The additional licenses cover a total area of 1,610 square kilometers and are all contained within the petroleum provinces in northern Italy where the Company has focused its development options. The five license applications are Ossola and Opera located near Milan and La Prospera, Podere Gallina and La Risorta located near Bologna. The license areas contain eight new gas prospects and two new oil exploration targets.
Company Fax (08) 9278 2525 
Company Principal Sector Energy 
Company Principal Industry Energy 
Company Listed 2004/12/14 
Company Homepage www.povalley.com
 
Stock Exchange Stock Code
  ASX:PVEPVE
ZOBEXOXK
News Reader RSS   PO VALLEY ENERGY LIMITED
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