Po Valley Energy Limited · ASX:PVE

Po Valley Energy — Shareholder Meeting (May 2016)

7 slides from Po Valley Energy's shareholder meeting presentation, May 31, 2016

  1. Slide 1: Annual General Meeting

    For personal use only Annual General Meeting 31 May 2016 1

  2. Slide 2: Achievements and Challenges in 2015 and YTD

    Achievements and Challenges in 2015 and YTD For personal use only Achievements • Debt Reduced from € 3.4m as at December 2014 to €450k as at 31 May 2016 • Sale of La Prospera license (Gradizza gas discovery) for €1.85m (plus VAT) in 4Q15 • Completed permiOng process for the Bezzecca pipeline install

  3. Slide 3: Strategic Priorities: Production and Growth

    Strategic Priorities: Production and Growth For personal use only Po Valley Energy Produc;on Growth (NSI) (PVO) 1. Complete Sillaro workover 1. Grant of Teodorico 2. Bezzecca into producRon preliminary producRon concession 3. Sant Alberto into producRon 2. Drill high IRR Selva gas field 3. Grant of T

  4. Slide 4: Bezzecca field (Cascina Castello Concession – 90% PVE)

    Bezzecca field (Cascina Castello Concession – 90% PVE) For personal use only • Bezzecca: on shore gas (4.2bcf-2P)* • Bezzecca-1 successfully drilled and tested in 2009. Tested up to 62,900 scm/day • 50,000 Scm/day combined flow. Total revenue esRmated to be over €29 million in 8 years • Bezzecca gas f

  5. Slide 5: Selva onshore gas field

    Selva onshore gas field • Selva: onshore gas (17 bcf–2C)* For personal use only • G&G work carried out in 2012 to assess the residual potenRal of the Selva gas field (84 bcf already produced) EAST SELVA (exploration target) • Reservoir quality is excellent. Selva was ranked in the top 5 best performin

  6. Slide 6: Teodorico offshore gas field

    Teodorico offshore gas field For personal use only New concession area as at May 2016 • Teodorico: offshore gas (~ 50 bcf-2C)* • The applicaRon was reviewed by the Production well technical commiiee of the Ministry of Economic Development in Naomi Pandora November 2015. gas processing facility • On 23

  7. Slide 7: Information Required by ASX Chapter Listing Rules

    Information Required by ASX Chapter 5 Listing Rules For personal use only All the reserves and resources referred to in this presentaRon are as reported in the Company’s 2015 Annual Report lodged with ASX on 29 April 2016. Please refer to the Annual Report for full details of the Company’s reserves

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