Po Valley Energy Limited

Po Valley Energy Limited (ASX:PVE) CEO Michael Masterman audio interview from Rome after recently returning from the Oil Barrell Conference in London. The PO Valley Energy presentation was well received with a lot of understanding in Europe about the increasingly acute shortages of gas supply to the major European markets including the UK and Italy, and a lot of interest in PO Valley as a future supplier.

The Directors of Po Valley Limited (ASX:PVE) present their report together with the consolidated financial report for the half-year ended 30 June 2008 and the review report thereon.

The environmental approval for a second gasfield in northern Italy being developed by Australia's Po Valley Limited (ASX: PVE) has been granted.

A share placement to raise A$5.85 million has been made by Australian petroleum explorer, Po Valley Limited (ASX: PVE), as the Group prepares for production start-up next year from its gas projects in northern Italy.

Australian petroleum explorer, Po Valley Limited (ASX: PVE) has increased its footprint on the highly attractive Italian energy market.

Successful Australian gas explorer, Po Valley Energy Limited, is seeking additional exploration acreage in northern Italy as the ASX-listed company readies for its first commercial production from the province by early next year.

Po Valley Energy (ASX: PVE) consolidated its position during the March Quarter, completing key geological work on the successful development fields, Sillaro and Vitalba, confirming upgrades in reserves and moving key projects forward towards first gas production in 2007.

Tests on gas from two successful development wells drilled by ASX-listed Po Valley Energy Limited, have shown the gas to be dry and of high quality.

Po Valley Energy Limited (ASX: "PVE") has increased its Proven reserves by 45 percent in its northern Italy gas fields - to 36.6 billion cubic feet (bcf) from 25.3 bcf previously.