Po Valley Energy Ltd’s (ASX:PVE) three directors have increased their holding in the company by participating in tranche two of a private placement at 5 cents per share.
Change in director holdings
Po Valley expects to complete the regulatory approval process for the Teodorico Offshore Gas field development in northern Italy during the December quarter or early in 2020.
Teodorico has the largest gas-in-place of all of Po Valley’s Italian gas fields and is at an advanced stage of assessment, ready for development.
The 100%-owned project is being advanced through the regulatory approval process following grant of primary environmental approval and PVE has submitted the key related EIA approval documentation.