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Additional Information
Market: ASX
Sector: Oil and Gas Exploration and Production
Epic: PVE
News: Latest news
Web Site: Po Valley Energy
Other Articles: 13-01-201021-12-200908-12-2009

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Saturday March 13, 08:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

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Friday March 12, 07:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Po Valley Energy

Po Valley Energy

Po Valley Energy (ASX:PVE) is a leading independent gas company growing rapidly from quiet, results-driven beginnings. The Company currently operates exclusively in northern Italy exploiting the large hydrocarbon system, and it is on the verge of becoming a significant gas producer in the fast-growing and under-supplied Italian market as it brings its first fields into production.  

Po Valley's surface gas production plant at Castello in northern Italy has now been connected to the Italian pipeline grid. Under Po Valley’s gas marketing contracts gas from the Castello field will be metered and sold at the corner of the Castello site, implying no transportation costs and higher profit margin as a result.

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Thursday, July 02, 2009

Po Valley Energy moves step closer to gas production at Castello in Italy

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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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