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Additional information
Additional Information
Market: ASX
Sector: Energy
Epic: PVE
News: Latest news
Web Site: Po Valley Energy
Other Articles: 13-01-201021-12-200908-12-2009

Crude Oil

Po Valley Energy

Po Valley Energy is a leading independent Oil and Gas enterprise growing rapidly from quiet, results-driven beginnings. The Company currently operates exclusively in northern Italy exploiting the large hydrocarbon system, and it is on the verge of becoming a significant gas producer in the fast-growing and under-supplied Italian market as it brings its first fields into production - with more to come.

All of the Po Valley Energy's fields are in very close proximity to the pipeline grid and major consumers in the north of Italy.
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Thursday, July 02, 2009

Po Valley Energy one step closer to gas production in Italy

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Po Valley Energy (ASX: PVE) have achieved another milestone at the Castello gas field east of Milan.

Installation works on the Castello production field east of Milan have commenced.

Castello is 78% complete. First production is scheduled for late October 2009 - at an initial production capacity of 2.7 million cubic feet per day.

Italian contractor, Semat SpA, have commenced site activities today and expects to complete the civil works and plant installation within a target four-month schedule.

Po Valley Energy Managing Director, Michael Masterman said all production plant and equipment has been built, factory tested and awaiting completion of the 1st phase of civil works ready for installation.

"PVE is now in control of its development schedule for this field – a crucial hurdle for the Company,” Masterman said.

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