Sign up Australia
Proactive Investors - Run By Investors For Investors

Po Valley Energy streamlines Italian exploration assets, posts strong half-year profits

Po Valley Energy Ltd (ASX:PVE) chairman Michael Masterman updates Proactive Investors on developments at the energy exploration company’s three hydrocarbon assets in northern Italy.
“Key news flow from Selva is the preliminary award of the production concession that we’re expecting in the next couple of months and we’re going to run a 3D seismic program which would very substantially increase the size of the resource,” Masterman says.
In its recently announced half-yearly results Po Valley reported a profit of more than $3 million euros while it advances its Selva, Torre del Moro and Teodorico projects.
Masterman added, “the results highlight that we’re streamlined. We’re focused on three assets of substantial scale, there is substantial news flow on Selva, Torre del Moro and Teodorico and we’re going to deliver against a very substantial oil and gas portfolio.”
Meet High Peak Royalties Ltd, Yandal Resources, MMJ PhytoTech Ltd, Minotaur Exploration Ltd and Hydroponics Company Ltd at our event, Sydney , 22 October 2018. Register here »
View full PVE profile View Profile

Po Valley Energy Ltd Timeline

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use