PVE 0.00% 3.7¢ po valley energy limited

vitalba 1 at 1390 - results by week's end

  1. 16,270 Posts.
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    Po Valley's first well since floating in December is within a few days of TD. This well is I understand worth somewhere between 20-30 cents per share if successful, and the next one Sillaro to be drilled immediately after Vitalba 1 - is a bigger play. I don't believe that the market has factored in the recent reserves upgrade as yet - so all of the above points to a possible significant rise in the next week or two. All IMHO of course and it depends on whether PVE can create some excitement in the market about its prospects - its been pretty quiet since Decemeber!

    H
 
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