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Additional information
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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Thursday March 18, 08:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

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Thursday March 18, 01:14Cisco remains at the forefront of internet infrastructure

The stock has recently managed to breakout above the long term resistance found at the $25 level which should now provide support for any pullback before the share price drives higher

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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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.

CLICK HERE FOR FULL ANALYSIS OF PO VALLEY ENERGY
Monday, December 21, 2009

Po Valley banks first revenue as maiden gas flows into Northern Italian energy grid

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Australian-listed Po Valley Energy (ASX: PVE) has become Italy’s newest gas producer with its first flows of gas into the country’s energy grid commencing over the weekend.

In a statement today, Po Valley said flows from the Company’s wholly-owned Castello gas field east of Milan had built up to around 1.5 million cubic feet of gas per day after initial start-up late last week.

Chief Executive Officer Michael Masterman said first gas had been a long while coming but the company pleased that the commissioning of the new plant had gone smoothly.

“Flows will be steadily increased to the planned operational level of 2.5 million cubic feet per day over the coming weeks”, Mr Masterman said.

“We are proud to be a pioneer in delivering new sources of secure domestic supplies to the Italian gas market, which is largely dependent on imported gas.

"Po Valley has been supported in this endeavour by the Italian Energy Ministry and, of course, by our patient shareholders."

He said the milestone sets Po Valley on a course of being a substantially different company in 2010 as the company makes the transition from gas explorer and developer to gas producer.

“We expect our production to double shortly as the Company remains on track to commence commissioning our second wholly-owned gas field, Sillaro, east of Bologna, early in 2010," he said.

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