• Steady gas production from Podere Maiar-1 well meeting predicted levels
• Robust gas prices with average weighted gas sales price of €0.50/scm
• Drilling applications for four new wells in Selva Malvezzi production concession submitted

Po Valley Energy has reported its Quarterly Activities and Appendix 5B Cash Flow Report for the period ending 31 March 2025. Highlights include steady gas production from the Podere Maiar-1 well, which averaged 77,292 scm per day, and robust gas prices with an average weighted sales price of €0.50/scm. Quarterly production was 6,724k scm of gas (100% basis), with Po Valley's 63% share at 4,236k scm, generating revenue of €3.33 million (100% basis) and €2.10 million for Po Valley. The company is also progressing its broader Selva development program, with drilling applications for four new wells in the Selva Malvezzi production concession submitted in 2024 and preparations for a 3D geophysical survey on the concession advancing. Elsewhere, Po Valley is reviewing development paths for its other exploration assets, including Cadelbosco di Sopra, Grattasasso and Torre del Moro. The company's cash balance at the end of the quarter was €6.567 million.

Po Valley Energy expects the current production rate from the Podere Maiar-1 well to continue for the foreseeable future.