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Po Valley Energy Limited (ASX:PVE)
ALERT: Price-sensitive ASX Announcement for PVE
Current share price for PVE : $0.063 -0.002 (-3.08%)+
Announcement
Release
30 Apr 2026 6:30PM
Price at Release
$0.065
Full Release
Summary
Po Valley Energy Limited's quarterly activities report for March 2026 highlights consistent production from Podere Maiar-1 (PM-1) well in Italy, with stable cashflows and revenue generation. The company achieved a gross gas production of 7.26 million standard cubic meters (scm), resulting in a net revenue of €1.98 million for PVE. The 3D seismic survey in the Selva Malvezzi concession is completed and processing is underway. The company also focuses on advancing development planning for key wells in the Selva area. The report reflects a positive financial position with €3.193 million in cash and additional investments, alongside a maiden dividend payout, underlining the company's commitment to shareholder returns.
Key Points
- Stable production from Podere Maiar-1 well.
- Gross gas production of 7.26 million scm.
- Net revenue for PVE at €1.98 million.
- Completion of 3D seismic survey in Selva Malvezzi.
- Development planning for key wells in Selva area.
- Positive financial position with €3.193 million in cash.
- Maiden dividend payout to shareholders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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