• 12-month contract to commence on 1 October 2025 with potential to extend
• Po Valley and its joint venture partners will supply an estimated 27,963,000 standard cubic metres of gas
• Gas supply price will be linked to the Italian Gas Index (IG INDEX GME)

Po Valley Energy Limited (ASX: PVE) has announced that its wholly owned subsidiary Po Valley Operations Pty Limited (PVO), along with its Selva Malvezzi JV partners, PXOG Marshall Limited (PXOG) and UOG Italia Srl (UOG), have signed a new gas sales agreement (GSA) with Hera Trading S.r.l (Hera Group). The GSA will commence on 1 October 2025 for gas production from the Podere Maiar facility (PM-1d well) in the Selva Malvezzi production concession, replacing the current GSA with BP Gas Marketing which expires on the same date. The process was conducted through a competitive tender process, with local player Hera Trading emerging as the successful bidder. Po Valley expects the outcome to be strongly supported by local stakeholders. Po Valley has completed nearly 2 1/2 successful years with partner BP Gas Marketing from first gas flow in July 2023 to date, delivering ~54.4 million scm of gas from PM-1d. The Company's agreement with BP Gas Marketing Ltd has been a valued and effective partnership, and Po Valley thanks BP Gas Marketing for their support and collaboration as the agreement concludes.

Po Valley and its joint venture partners will supply an estimated 27,963,000 standard cubic metres of gas under the contract for the 12-month period commencing 1 October 2025.