• Ongoing cash flow generation from Podere Maiar-1 with consistent production
• Permitting advancing with key feedback integrated, on track for October 2025 field start
• Strong financials with over A$13 million in cash reserves to fund growth pipeline

Po Valley Energy Limited (ASX: PVE) has reported its Quarterly Activities Report for the period ending 30 June 2025, highlighting ongoing cash flow generation from the Podere Maiar-1 gas field, with production averaging ~79,000 scm per day during the quarter. The company's financial position remains robust, with over A$13 million in cash reserves and no debt, enabling it to advance its planned work program, including the development of new wells and an upcoming 3D geophysical survey. The company is making strong progress on the permitting front, with revisions to the Environmental Impact Assessment (EIA) underway to address feedback and recommendations from regulatory bodies. This positions Po Valley to commence field activities in October 2025 for the 3D geophysical survey across the Selva Malvezzi Production Concession. The company's engagement with landowners and regulatory authorities continues to advance constructively.Po Valley is also progressing work on revising the EIA for the Teodorico project to address additional requirements, particularly in relation to two environmental protection areas. The company intends to complete and submit the revised EIA as soon as possible.Regarding the company's other onshore exploration assets, Po Valley is reviewing optimal exploration and development paths, including the possibility of introducing third-party investors or partners.

The company maintains a robust financial footing, with over A$13 million in cash reserves and ongoing cash generation to advance its planned work program, including the development of new wells and the upcoming 3D geophysical survey. Po Valley remains on track to commence field activities in October 2025 for the 3D geophysical survey across the Selva Malvezzi Production Concession.