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Po Valley Energy directors shell out $600,000 on shares

Po Valley expects to complete the regulatory approval process for its Teodorico Offshore Gas field in Italy during the December quarter or early in 2020.

Po Valley Energy Limited - Po Valley Energy directors shell out $600,000 on shares
The company has secured primary environmental approval for the project

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.

Quick facts: Po Valley Energy Limited

Price: 0.05 AUD

ASX:PVE
Market: ASX
Market Cap: $32.36 m
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