Po Valley Energy Limited

The priority objective of PO Valley Energy (ASX:PVE) is getting the Sillaro and Castello fields into production. Approvals are in place to drill Sillaro-2 and the Company expects to spud this well in June/July 2009. The Ministry is in the final stage of the HSE reviews and the Castello installation approval and associated site access is expected during the June quarter.

Strong flow rates with rapid pressure recoveries have been reported by Australia's PO Valley Energy (ASX:PVE) after the successful completion of all production tests at its Bezzecca #1 appraisal well in northern Italy.

Positive gas flows have been reported by Australia's PO Valley Energy (ASX:PVE) during initial clean up and testing of the deepest level in its Bezzecca-1 appraisal gas well in northern Italy.

Positive gas flows have been reported by Australia's PO Valley Energy (ASX:PVE) during initial clean up and testing of the deepest level in its Bezzecca-1 appraisal gas well in northern Italy.

Positive gas flows have been reported by Australia's PO Valley Energy (ASX:PVE) during initial clean up and testing of the deepest level in its Bezzecca-1 appraisal gas well in northern Italy.

Po Valley Energy Limited (ASX:PVE) will proceed forward to flow testing of its Bezzecca #1 well 20 km outside Milan in Northern Italy following evaluation of log results.

Further to Po Valley Energy Limited (ASX:PVE) ASX release on Friday 13th March, please find attached our first Drilling Status Report for the Bezzecca#1 well in the Cascina San Pietro permit.

Po Valley Energy Limited (ASX:PVE) has commenced work to bring a fourth gas field in northern Italy into production.

Po Valley Energy Limited (ASX:PVE) has commenced work to bring a fourth gas field in northern Italy into production.

Po Valley Energy Limited (ASX:PVE) has commenced work to bring a fourth gas field in northern Italy into production.