Po Valley Energy Limited · ASX:PVE
Po Valley Energy — Investor Presentation (September 2023)
22 slides from Po Valley Energy's investor presentation, Sep 6, 2023
Slide 1: Investor Presentation: A European Gas Producer
For personal use only Investor Presentation A European Gas Producer 6 September 2023 1
Slide 2: Important notices and disclaimer
Important notices and disclaimer For personal use only DISCLAIMER This presentation is for informational purpose only and does not constitute an offer to sell and should not be considered as an invitation or recommendation to purchase securities in Po Valley Energy Limited. Such Offer can be made on
Slide 3: Company overview
Company overview For personal use only Po Valley Energy (ASX: PVE) is a Key Licences in Italy European gas producer with over 20 Teodorico 1. Selva Mavezzi years-experience and a portfolio of Production Concession Offshore gas | Development natural gas fields in northern Italy. 2. Teodorico • 100% o
Slide 4: Corporate snapshot
Corporate snapshot For personal use only Italian-focused gas producer, explorer, & developer is undergoing a consistent increase in gas production revenue, which is strategically reinvested to drive progressive growth Company Overview and Balance Sheet Board of Directors Share price (Close at 31 Aug
Slide 5: Investment highlights
Investment highlights For personal use only Uniquely positioned in the attractively priced Italian domestic gas market, with producing & development-ready onshore gas assets and an experienced team in bringing gas to market on the ground in Italy. STRATEGICALLY WELL POSITIONED HIGHLY CREDIBLE ITALIA
Slide 6: PVE Team is Delivering
PVE Team is Delivering For personal use only The Board and Management team are delivering the Podere Maiar 1 well on schedule 2021 Grant of Environmental Approvals ✓ Accelerated regulatory approvals ✓ 2022 Award of production concession at Selva Malvezzi concession ✓ Begin construction of Podere Mai
Slide 7: Highly experienced board and executive
Highly experienced board and executive For personal use only Kevin Bailey AM Sara Melinda Edmonson Joseph Constable Katrina O'Leary Brent Bonadeo Chairman Non-Executive Director Non-Executive Director Non-Executive Director Consultant Kevin was appointed as a Sara has extensive experience in Joseph
Slide 8: Industry leading, locally based management team
Industry leading, locally based management team For personal use only Mr Giorgio Bertuzzi Gianluca De Rosa Pier Paolo Poncia Diego Balistreri Daria Fortunati Exploration & New Projects Senior Geophysicist & Senior Geologist Development and Geologist Production Manager Team Leader Production Manager
Slide 9: Portfolio of High-Quality Gas Assets
Portfolio of High-Quality Gas Assets For personal use only Suite of Italian gas assets, offering revenue producing assets, near term development and longer-term appraisal/exploration upside A pipeline of production, development and exploration opportunities at its five licenses in Italy. The princip
Slide 10: PM-1 – The First Development
For personal use only PM-1 – The First Development 10
Slide 11: Selva Malvezzi – Podere Maiar well (PM-1) on production
Selva Malvezzi – Podere Maiar 1 well (PM-1) on production For personal use only Supplying gas at low cost into the attractively priced Italian domestic gas market • Onshore gas development asset located in the eastern part of the Po Plain, Italy • 63%-owned by Po Valley, 37% Prospex Oil & Gas (inclu
Slide 12: PM-1 Low-Cost Gas Supply
PM-1 Low-Cost Gas Supply For personal use only Selva is a repeatable and proven low-cost gas play. PM-1 is well number 25 with the potential for North, South and East to follow in accordance with PVE’s G&G program Key CGG ‘Competent Persons Report’1 results Key Gas Sales Agreement2 Terms • Average D
Slide 13: PM-1 Strong Realised Prices and Production
PM-1 Strong Realised Prices and Production For personal use only European Gas Prices remain elevated • Gas Sales Price from PM-1 is linked to Italy’s “Heren PSV day ahead mid” price assessment (the Dutch TTF price which is publicly available is considered a useful proxy by PVE) • JV: PVE 63% and Pro
Slide 14: PM-1 unlocks Selva Malvezzi upside potential – look alike prospects
PM-1 unlocks Selva Malvezzi upside potential – look alike prospects For personal use only Podere Maiar well (2P Reserve: 13.4 Bcf gross) • Producing well Selva levels A+B Prospects • Revenue generating (2C Contingent Resource: 14.1 Bcf gross) • Stratigraphic pinch-out prospects proved viable by succ
Slide 15: Asset Portfolio – More Upside to Come
For personal use only Asset Portfolio – More Upside to Come 15
Slide 16: Favourable market and regulatory environment supports growth
Favourable market and regulatory environment supports growth For personal use only • Prior to the Ukraine War, Italy imported ~90% of its natural gas supply1 and currently has no nuclear capability and 2 Italy imported 92% of Russia operational coal plants. 20% of Italy’s energy is from gas consumpt
Slide 17: Development Ready Assets - Reserves and Resources
Development Ready Assets - Reserves and Resources* For personal use only Gas (net Bcf) Reserves Contingent Resources Prospective Resources Licence Project 1P 2P 3P 1C 2C 3C Low Best High AR94PY Teodorico 27 37 48 Teodorico 7.4 10.6 14.0 PL3-C 7.9 15.9 25.0 Selva Malvezzi Selva (PM-1) 2.6 8.4 18.8 (N
Slide 18: Selva Malvezzi – tie-in opportunities nearby to infrastructure and capacity
Selva Malvezzi – tie-in opportunities nearby to infrastructure and capacity For personal use only SNAM pipeline with capacity only 1km from Podere Maiar well site • Selva Malvezzi a very low cost onshore natural gas developments • SNAM SpA, Italy’s gas network company, owns the connection to the dom
Slide 19: Teodorico – another development ready asset
Teodorico – another development ready asset Teodorico is Po Valley‘s largest scale asset and is ready for development pending final For personal use only production concession approvals Overview • Offshore gas development asset located in the shallow waters of the Adriatic Sea (d40 AC PY), 40km nort
Slide 20: Major activity timeline
Major activity timeline For personal use only Quarter 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1H 2025 2H 2025 2025+ PM-1 Gas Production and cash flow Selva Seismic Survey Shoot Ministry Authorization for drilling Selva North, South, East Selva North & South drilling (est.) Selva North & South produc
Slide 21: Investment summary
Investment summary For personal use only Selva Production ramp Growth Portfolio Exploration partnership up providing strong cash with development and opportunities across Strongly positioned with exploration upside assets including asset flows a highly experienced potential to support realization pr
Slide 22: Contact Us
For personal use only CONTACT US Po Valley Energy Ltd Kevin Bailey AM Chairman +61 (0) 417 556 458 Chairman@povalley.com Suite 8, 7 The Esplanade Mt Pleasant, WA 6153 Australia www.povalley.com info@povalley.com 22
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