Po Valley Energy Limited (AU:PVE) has released an update.
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Po Valley Energy Ltd has reported successful results from a routine slick line operation on their Podere Maiar-1 well, confirming pressure expectations and resuming production at 80,000 scm/day without any sand or water complications. The company is benefiting from high gas prices, currently around €37-38 per scm, and the management has expressed satisfaction with the well’s performance and maintenance.
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