Po Valley Energy Limited (AU:PVE) has released an update.
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Po Valley Energy Limited, an Australian company operating in northern Italy, reports steady gas production at its Selva Malvezzi Production Concession with an average daily output of approximately 80,000 scm/day and strong gas prices at €0.34/scm for the quarter ending June 2024. The company saw a quarterly revenue of €2,312k and holds a positive outlook for future production rates. Additionally, Po Valley Energy is preparing for a 3D seismic campaign and a multi-well drilling program within the concession, pending regulatory approval.
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