viewPo Valley Energy Limited

Po Valley Energy director Michael Masterman buys shares on market


Po Valley Energy (ASX:PVE) non-executive director Michael Masterman has bought 157,000 shares of the company on the market.

He acquired 42,000 shares at $0.08, for a total of $3,360, on 30 June and a further 115,000 shares at $0.10, for a total of $11,500, on 1 July.

This brings Masterman’s total holding up to 33,334,327 shares.

Po Valley was recently awarded a preliminary production concession for the Sant’Alberto gas field in northern Italy.

Sant’Alberto has Best Estimate (2C) Contingent Resources of 2.1 billion cubic feet of gas and could be the company’s fourth producing gas field.

The company is currently in the final approvals stage with two formal signoffs remaining for its Bezzecca gas field.

Upon grant of the Production Concession, expected in the third quarter of 2014, pipeline installation from Bezzecca to the Vitalba plant will commence.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Po Valley Energy Limited

Price: 0.051 AUD

Market: ASX
Market Cap: $32.46 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Po Valley Energy Limited named herein, including the promotion by the Company of Po Valley Energy Limited in any Content on the Site, the...


2 min read