Po Valley Energy Limited

ASX:PVE ISIN:AU000000PVE9

Feb 10, 2012

OVERVIEW | NEWS | MULTIMEDIA | RESEARCH

Po Valley Energy Limited Company Summary

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 DATA

	Headquarters	140 St Georges Terrace

		Perth WA 6000

		Australia

	Telephone	+61-8-9278-2533

	Fax	+61-8-9278-2525

	Principal Sector	Energy

	Principal Industry	Energy

	Listed	2004/12/14

	Homepage	www.povalley.com

Key Developments: Po Valley Energy Limited

	Po Valley Energy Limited (ASX:PVE) New Testing Shows Six Productive Gas Levels At Sillaro Field In Northern Italy AUG 18, 2009 09:55 - Article Views: 1,412 New testing has brought to six the number of gas bearing levels to be exploited by Po Valley Energy Limited (ASX:PVE) at its Sillaro field in northern Italy. Latest testing on the successfully completed Sillaro-2 well - 500 metres from the earlier successfully tested production well, Sillaro-1 - has confirmed production rates on the main zones and added production potential at two previously untested levels.

	Po Valley Energy Limited (ASX:PVE) Confirms Initial Tests On Gas Production Capacity At Sillaro-2 AUG 13, 2009 10:15 - Article Views: 1,449 Production capacity has been confirmed in the PL2A level and additional production potential identified, by Po Valley Energy Limited (ASX:PVE) during initial clean up and testing of the Sillaro- 2 gas well, east of Bologna in northern Italy.

	PO Valley Energy Limited (ASX:PVE) Drilling On Schedule At Sillaro#2 With Positive Log Results JULY 28, 2009 11:05 - Article Views: 1,667 PO Valley Energy Limited (ASX:PVE) announced today that the Sillaro#2 production well has been successfully drilled on schedule to a target depth of 2364m and log runs have been completed. Log analysis of Sillaro#2 confirmed the main pay zones in the Sillaro#1 production well across a gross interval of 140 metres from 2,180m to 2,320m. There is a very good match between the two wells which are laterally 500m apart at target depth.

	PO Valley Energy Limited (ASX:PVE) Commences Drilling Sillaro-2 Gas Production Well JULY 3, 2009 09:33 - Article Views: 1,684 The Sillaro-2 production well, at PO Valley Energy Limited's (ASX:PVE) Sillaro gas production field, was spudded today following mobilisation of the drilling equipment to the field. Italian-based Perazzoli Drilling, employing a 200 tonne capacity HH200 hydraulic rig, has been contracted for the Sillaro-2 well.

	Installation Starts On PO Valley Energy Limited's (ASX:PVE) First Production Field JULY 1, 2009 09:59 - Article Views: 1,557 PO Valley Energy Limited (ASX:PVE) announced today the commencement of installation works on the Castello production field east of Milan. The Italian contractor, Semat SpA, have commenced site activities today and expect to complete the civil works and plant installation within a target four-month schedule.

	PO Valley Energy Limited (ASX:PVE) Advances Towards Maiden Italian Gas Production With Key Regulatory Approval JUNE 22, 2009 10:02 - Article Views: 1,304 PO Valley Energy Limited (ASX:PVE) has taken a key step towards maiden gas production from its northern Italy fields, with the announcement today of official government approval for the installation of a commercial plant at the Castello project, east of Milan.

	PO Valley Energy (ASX:PVE) Announce A Letter From Chairman Graham Bradley On The Annual General Meeting MAY 20, 2009 12:44 - Article Views: 973 PO Valley Energy (ASX:PVE) As I said in my letter in the Annual Report, this time last year we had hoped by now to have at least one of our gas fields in commercial production. Progress towards this objective has been slower than we hoped, due largely to factors outside our direct control, but I am now pleased to report that we have made significant progress towards this objective.

	PO Valley Energy (ASX:PVE) Announce A Letter From Chairman Graham Bradley On The Annual General Meeting MAY 20, 2009 12:44 - Article Views: 973 PO Valley Energy (ASX:PVE) As I said in my letter in the Annual Report, this time last year we had hoped by now to have at least one of our gas fields in commercial production. Progress towards this objective has been slower than we hoped, due largely to factors outside our direct control, but I am now pleased to report that we have made significant progress towards this objective.

	PO Valley Energy (ASX:PVE) Announce A Letter From Chairman Graham Bradley On The Annual General Meeting MAY 20, 2009 12:44 - Article Views: 973 PO Valley Energy (ASX:PVE) As I said in my letter in the Annual Report, this time last year we had hoped by now to have at least one of our gas fields in commercial production. Progress towards this objective has been slower than we hoped, due largely to factors outside our direct control, but I am now pleased to report that we have made significant progress towards this objective.

	PO Valley Energy (ASX:PVE) Announce Its Quarterly Activities Report Ending 31 March 2009 APR 30, 2009 10:56 - Article Views: 1,009 The priority objective of PO Valley Energy (ASX:PVE) is getting the Sillaro and Castello fields into production. Approvals are in place to drill Sillaro-2 and the Company expects to spud this well in June/July 2009. The Ministry is in the final stage of the HSE reviews and the Castello installation approval and associated site access is expected during the June quarter.