Australia

Po Valley Energy directors shell out $600,000 on shares

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Po Valley Energy Ltds (ASX:PVE) three directors have increased their holding in the company by participating in tranche two of a private placement at 5 cents per share.

Change in director holdings

Po Valley expects to complete the regulatory approval process for the Teodorico Offshore Gas field development in northern Italy during the December quarter or early in 2020.

Teodorico has the largest gas-in-place of all of Po Valleys Italian gas fields and is at an advanced stage of assessment, ready for development.

The 100%-owned project is being advanced through the regulatoryRead More – Source