Australia's Po Valley Energy rises as gas production begins in Italy plant
05/07/2023 04:20
** Shares of Po Valley Energy Ltd PVE.AX rise as much as
6.3% to A$0.0765, their highest level since May 8
** Gas and condensate developer starts production at
its Podere Maiar – 1 gas facility in Selva Malvezzi Production
Concession in northern Italy
** Co sees biggest intraday jump since June 28
** Says first gas output will provide maiden revenue from
the Selva Malvezzi Production Concession
** Shares are up ~16% this year, as of last close
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))
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