Po Valley Energy Limited
ASX:PVE ISIN:AU000000PVE9
Po Valley Energy Limited (ASX:PVE) is an emerging gas producer with over 20 years experience and a portfolio of natural gas fields in northern Italy.
News
A new sales contract announced today means Australian company Po Valley Energy Limited (ASX:PVE) has now pre-sold the first three years of production from its major northern Italy gas fields. The Company has announced that prominent Italian gas trading and distribution group, Elettrogas, will purchase 50% of the initial output from the Company's flagship Castello and Sillaro gas fields.
A successful A$10 million private placement of shares announced today by gas explorer and developer, Po Valley Energy Limited (ASX:PVE), will see the Australian company progress four Italian gas development projects towards production.
Po Valley Energy Limited (ASX:PVE) Quarterly Activities Report to Dec 31, 2008
An expanded gas exploration footprint has been secured by Australia's Po Valley Energy Limited (ASX:PVE) in its northern Italian province as the Company continues to ready for its maiden production from later this year.
The first gas offtake sales agreement - totalling approximately EUR38 million (A$77.5 million) - has been secured by Australia's Po Valley Energy Limited (ASX:PVE) for emerging production from the Company's northern Italy gas fields.
The first pipeline to take gas produced by Australia's Po Valley Energy Limited (ASX:PVE) into markets in northern Italy, has been completed and connected to the country's gas distribution network.
The Italian Government has granted Australia's Po Valley Energy Limited (ASX:PVE) a 20-year production concession for the Company's largest asset, the Sillaro gas field, near Bologna in northern Italy.
The Italian Government has granted Australia's Po Valley Limited (ASX:PVE) a 20-year production concession for the Castello gas field near Milan.
Australia's Po Valley Limited (ASX:PVE) has been formally granted sixyear gas exploration licences for its La Prospera and Terra del Sole prospects near Bologna in northern Italy.
Po Valley Limited (ASX:PVE) announce the September 2008 quarter activities report with key highlights on the Sillaro and Castello Fields in Italy
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