PVE - Selva Malvezzi Operational Update

Key points

• MASE confirmed admissibility of EIA for four-well drilling program
• Record gas revenue in August at â€0.67/scm
• New 12-month gas sales agreement with Hera Trading S.r.l

Full summary

Po Valley Energy Ltd (ASX:PVE) reports significant progress on its Selva Malvezzi project. Italy's Ministry of Environment and Energy Security (MASE) has confirmed the admissibility of the Environmental Impact Assessment (EIA) for the four-well drilling program, with a 60-day public observation period underway. The company achieved record revenue from gas sales in August, driven by strong gas prices of â€0.67/scm. Additionally, Po Valley has signed a new 12-month gas sales agreement with Hera Trading S.r.l, starting October 1, 2026, reinforcing its commitment to local gas supply.