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Po Valley Energy Limited (ASX:PVE)

ALERT: Price-sensitive ASX Announcement for PVE
Current share price for PVE : $0.060 0.008 (15.38%)+
Announcement
Release
29 Jun 2026 9:36AM
Price at Release
$0.052
Full Release
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Summary
Po Valley Energy Limited has filed an Environmental Impact Assessment (EIA) for a four-well drilling program in the Selva Malvezzi Production Concession located in Northern Italy. This concession is critical for targeting the significant gas potential of the region, which is strategically positioned near the existing Podere Maiar 1 well and the SNAM National pipeline, enhancing the efficiency of local industries. Po Valley Energy owns a 63% interest in this initiative, with Prospex Energy Group holding the remaining 37%. This milestone is expected to pave the way for drilling to commence in 2027, upon receiving the necessary regulatory approvals, and aims to bolster energy security in the Emilia Romagna region. The company's leadership acknowledges this development as a testament to the diligent efforts of their team.
Key Points
  • Po Valley Energy has filed an Environmental Impact Assessment (EIA) with Italy's Ministry of Environment and Energy Security.
  • The EIA pertains to a four-well drilling program in the Selva Malvezzi Production Concession in Northern Italy.
  • The program aims to exploit significant gas potential near the existing Podere Maiar 1 well.
  • The Selva Malvezzi concession is strategically located near the SNAM National pipeline.
  • Po Valley Energy owns a 63% interest in the project, with the remaining 37% held by Prospex Energy Group.
  • The drilling is expected to commence in 2027, following regulatory approvals.
  • The initiative is part of the company's efforts to contribute to energy security in the Emilia Romagna region.
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.