Po Valley Energy Limited · ASX:PVE
Po Valley Energy — Investor Presentation (August 2022)
21 slides from Po Valley Energy's investor presentation, Aug 3, 2022
Slide 1: Market Update August 2022
For personal use only Market Update August 2022 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: Investment highlights
Investment highlights For personal use only Uniquely positioned in the high-priced Italian domestic gas market, with development-ready onshore gas assets and regulatory approvals in hand, and an experienced team bringing gas to market on the ground in Italy. STRATEGICALLY WELL POSITIONED NEAR TERM U
Slide 4: Company overview
Company overview For personal use only Po Valley Energy (ASX: PVE) is an emerging gas producer with over 20 years Existing assets include experience and a portfolio of natural gas fields in northern Italy. The development-ready gas fields Company is currently advancing towards production to meet Ita
Slide 5: Favourable market dynamics with a focus on domestic energy security
Favourable market dynamics with a focus on domestic energy security For personal use only Currently 92% of Italian gas consumption Russia needs to be imported 897 Bcf Domestic production 203 Imports 8% Total 2,470 2267 Favourable Supply sourced from 92% domestic prices, bottom quartile current spot
Slide 6: Advantageous market conditions and strong demand for gas
Advantageous market conditions and strong demand for gas For personal use only • The Italian government plans to reduce reliance on Russian gas by 20251 • Italy imports ~90% of its natural gas supply1 and currently has no nuclear capability and 2 operational coal plants. 20% of Italy’s energy is fro
Slide 7: Selva Malvezzi – Podere Maiar well (PM-1)
Selva Malvezzi – Podere Maiar 1 well (PM-1) For personal use only • Onshore gas development asset located in the eastern part of the Po Plain, Italy • Final production concession received 29 July 20221. Environmental Impact Assessment (EIA) approval announced April 2021. Intesa (local government app
Slide 8: Selva Malvezzi
Selva Malvezzi For personal use only Gas is 99.5% Biogenic Methane and has no hydrocarbon liquids, and as such will require minimal surface processing when the field is developed • Successful well test in early 2018 demonstrated good flow rates from C1 and C2 sands • First step: Install skid mounted
Slide 9: SNAM Gas Grid – existing nearby infrastructure and capacity
SNAM Gas Grid – existing nearby infrastructure and capacity For personal use only • Snam SpA, Italy’s gas network company, owns the connection to the domestic gas grid • All connections must be applied for via SNAM • Po Valley will construct a gas plant and pipeline on site to connect to the SNAM gr
Slide 10: Selva Malvezzi – CGG competent persons report (CPR)
Selva Malvezzi – CGG competent persons report (“CPR”) For personal use only Selva includes multiple gas production opportunities starting with PM-1 CGG NPV (2P reserves) – PM-1 assumptions1 Key CGG CPR results PM-1 Capital expenditure of €4.30MM, PVE share ~ 2023 2024 2025 €2.7MM PM-1 2P reserves NP
Slide 11: Selva Malvezzi upside potential
Selva Malvezzi upside potential For personal use only Podere Maiar well (2P Reserve: 13.4 Bcf gross) • Development stage • Successful well test and flow rates recorded Selva levels A+B prospects in late 2017 (PM1dir) (2C Contingent Resource: 14.1 Bcf gross) • Stratigraphic pinch-out prospects proved
Slide 12: Accelerated timeline to revenue at Selva
Accelerated timeline to revenue at Selva For personal use only Po Valley’s accelerated growth strategy is well aligned with Italian domestic gas market demand & infrastructure capacity 2021 2022 2023 2024 Grant of Environmental Award of production concession • Secure first gas production at • Dr
Slide 13: Teodorico - development ready asset
Teodorico - development ready asset For personal use only Teodorico is Po Valley‘s largest scale asset and is ready for development pending final production concession approvals Overview • Offshore gas development asset located in the shallow waters of the Adriatic Sea (d40 AC PY), 40km north-east o
Slide 14: Major activity timeline
Major activity timeline For personal use only Quarter September 22 December 22 March 23 June 23 September 23 December 23 March 24 June 24 September 24 December 24 PM-1 Construction PM-1 First Gas G&G Studies (preliminary) Selva North, South, East Selva North & south drilling (est) Teodorico – asset
Slide 15: Industry leading, locally based management team
Industry leading, locally based management team For personal use only Mr Giorgio Bertuzzi Gianluca De Rosa Sara Melinda Edmonson Pier Paolo Poncia To Be Confirmed Exploration & New Projects Senior Geophysicist & Team Non-Executive Director Senior Geologist Geologist Production Manager Manager Leader
Slide 16: Highly experienced board and executive
Highly experienced board and executive For personal use only Sara Melinda Edmonson Joseph Constable Katrina O'Leary Brent Bonadeo Kevin Bailey AM Consultant Chairman Non-Executive Director Non-Executive Director Non-Executive Director Kevin was appointed as a director Sara has extensive experience i
Slide 17: Investment summary
Investment summary For personal use only Strongly positioned with a highly experienced Selva Development – Growth Portfolio Exploration partnership management team to construction to commence with development and opportunities across assets in 2022 – first gas exploration upside including asset real
Slide 18: 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 18
Slide 19: Appendix
For personal use only Appendix 19
Slide 20: Reserves and resources
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 Podere Gallina Selva 2.6 8.4 18.8 (Net)*** Level A South 0.7 1.1 2
Slide 21: Company snapshot
Company snapshot For personal use only An Italian focused, oil & gas exploration and development company with gas assets under development for first gas in 2023 Portfolio of Assets Company Overview and Balance Sheet Share price (2 Aug 2022) A$0.068 Market Cap (2 Aug 2022) A$72.6m Shares on issue 1,0
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