86 million shares on issue at 9 cents a piece values the Company at 7.5 million!
Management maintain that the Borsano permit will be drilled before the end of the first half of the year. This permit lies within 8km of the largest oilfield in the entire Po Valley - Villa Fortuna / Trecate which is home to 250 million barrels oil + 175 BCF gas.
Po Valley Energy boast of being 'within 50km' of the the oilfield, and Alex Parks of Otto Energy also believes the size of the oilfield is a massive endorsement for the prospectivity of the Po Valley - KEY are 8KM away in the immediately adjacent Block!
These levels are crazy.
86 million shares on issue at 9 cents a piece values the Company...
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