PVE po valley energy limited

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    Two Stage Development Plan for Bezzecca Gas Field

    [ Italica ] ? Po Valley Energy, a leading independent Oil and Gas enterprise has announced its development plan to bring its Bezzecca gas field in northern Italy into production by 2012. The two stage development in Bezzecca will be the Company's fourth production field in Italy, following the start-up early this year of its Castello field east of Milan, the forthcoming maiden production from its Sillaro field east of Bologna and Sant'Alberto, north of Bologna, currently under application. ?Once the Bezzecca development plan was submitted to the Italian Ministry in May, the Company expected preliminary award of the production concession by early in 2011 and full award, following environmental approval, in 2012, allowing installation and production start-up? - Po Valley Chief Executive Officer, Mr Michael Masterman, said. [April 29, 2010 ? written by Claire Garth - Italica news from Italy and San Marino]

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