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Po Valley Energy Limited

Po Valley Energy mulling dual listing on AIM

Advisors have been appointed to consider a possible listing on the AIM, the London Stock Exchange’s international market for smaller growing companies.

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The company has oil and gas exploration and development interests in Northern Italy

Po Valley Energy Ltd (ASX:PVE) is in the preliminary stages of exploring the merits of a potential dual listing on the AIM market of the London Stock Exchange.

The objective in undertaking a potential dual listing would be to enhance liquidity for the company’s shareholders and provide direct access to investors in the London market.

Po Valley’s CEO Michael Masterman said: “The London market is more knowledgeable and focused on European gas and energy assets and we expect a dual listing could result in greater market liquidity for Po Valley shareholders.”

READ: Po Valley Energy directors increase stake by participating in share placement

Po Valley recently raised $1.2 million through a two-tranche share placement priced at 4.2 cents.

The company aims to bring the Selva Malvezzi gas field in Italy into first production next year with a preliminary production concession granted and environmental approval documentation submitted.

A maiden 2P gas reserve of 13.3 billion cubic feet (bcf) for the onshore project in the country's north was declared earlier in the year.

Proactive caught up with the company in early May 2019 for an update.

Quick facts: Po Valley Energy Limited

Price: $0.06

Market: ASX
Market Cap: $35.64 m
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