Australia's Po Valley Energy rises after key gas facility ramp up
07/08/2023 04:15
** Shares of Po Valley Energy PVE.AX rise as much as 14.9%
to A$0.054
** PVE last up 6.4%, set for best day since July 25, if
gains hold
** The natural gas co says it completed ramp-up and
commissioning of Podere Maiar–1 gas facility in northern Italy
** Says gas produced during the ramp-up period sold to BP
Gas Marketing under an 18-month supply agreement
** Adds detailed analysis of well data is currently underway
** Stock has fallen 24% this year, as of last close
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com;))
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Australia's Po Valley Energy rises after key gas facility ramp up
Brief: Po Valley Energy Says Successful Ramp-Up And Commissioning At Po Valley's Podere Maiar-1 Gas Production Facility