• Consistent well performance from PM-1 driving continued strong operating cashflows
• Transition to a new offtake agreement with Hera Trading
• Updated EIA and development program for new wells, incorporating ministry recommendations

Po Valley Energy Limited (ASX: PVE) reported its Quarterly Activities Report for the period ending 30 September 2025, highlighting consistent well performance from the Podere Maiar-1 (PM-1) well in the Selva Malvezzi Production Concession, driving continued strong operating cashflows. The company transitioned to a new offtake agreement with Hera Trading, commencing on 1 October 2025. Po Valley also reported progress on the updated Environmental Impact Assessment (EIA) and development program for the Casale Guida-1d, Ronchi-1d, Bagnarola-1d, and Selva Malvezzi-1d wells, incorporating further progress on ministry recommendations. Field activities are scheduled for Q4/2025 for the 3D geophysical survey over the Broader Selva Concession Development Program, with permitting processes and landowner agreements near completion. The company's net operating cashflow for the quarter was €1,035k, with a robust cash balance of €8.48 million at the end of September 2025.

Quarterly production from the Podere Maiar-1 well averaged 78,795 scm per day, generating revenue of €2,681,549 (100% basis) for the quarter. Po Valley's net share of revenue was €1,689,376.

With the company's continued strong operating cash flow and robust balance sheet, Po Valley is well placed to fund its planned growth pipeline, including the upcoming 3D geophysical survey and the development of the new wells in the Selva Malvezzi Production Concession.