Po Valley Energy Limited (AU:PVE) has released an update.
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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