Po Valley Energy Limited · ASX:PVE
Po Valley Energy — Investor Presentation (February 2023)
21 slides from Po Valley Energy's investor presentation, Feb 15, 2023
Slide 1: Investor Presentation: Imminent Gas Producer
For personal use only Investor Presentation Imminent Gas Producer 15 February 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 an Key Licences in Italy emerging gas producer with over 1. Selva Mavezzi Teodorico 20 years experience and a portfolio Production Concession Offshore gas | Development of natural gas fields in northern 2. Teodorico • • 100% owned
Slide 4: Corporate snapshot
Corporate snapshot For personal use only An Italian focused, oil & gas exploration and development company with gas assets under development for first gas in 1H 2023 Company Overview and Balance Sheet Board of Directors Share price (Close at 13 Feb 2023) A$0.090 Kevin Bailey AM Chairman Market Cap (
Slide 5: Portfolio of Assets
Portfolio of Assets For personal use only Suite of Italian gas assets, offering both nearer term development and longer-term appraisal/exploration upside A pipeline of development and exploration opportunities at its five licenses in Italy. The principal licences of PVO are: 1. The Selva Malvezzi Pr
Slide 6: Investment highlights
Investment highlights For personal use only Uniquely positioned in the attractively 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 HIG
Slide 7: Revitalised Team are Delivering
Revitalised Team are Delivering For personal use only The revitalised 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 const
Slide 8: PM-1 – The First Development
For personal use only PM-1 – The First Development 8
Slide 9: Selva Malvezzi – Podere Maiar well (PM-1)
Selva Malvezzi – Podere Maiar 1 well (PM-1) For personal use only Primed to supply 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 • Final production concession received 29 July 20221. Environ
Slide 10: Selva Malvezzi - existing nearby infrastructure and capacity
Selva Malvezzi - existing nearby infrastructure and capacity For personal use only SNAM pipeline with capacity 1km from Podere Maiar well site • A successful Well Test was undertaken in early 2018. Production tested up to 5.0 MMcf/day from the C1 and C2 sand levels • Selva is a ~ €3.45MM natural gas
Slide 11: 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 CPR1 results Key Gas Sales Agreement2 Terms • PM-1 Capital expenditure of €3.4
Slide 12: Asset Portfolio - More Upside to Come
For personal use only Asset Portfolio - More Upside to Come 12
Slide 13: Favourable market and regulatory environment
Favourable market and regulatory environment 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 consumption renewable so
Slide 14: 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 15: 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 16: 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 17: 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 18: 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 19: Major activity timeline
Major activity timeline For personal use only Quarter Mar 23 Jun 23 Sep 23 Dec 23 Mar 24 Jun 24 Sept 24 Dec 24 2025+ PM-1 Construction PM-1 First Gas G&G Studies (preliminary) Selva North, South, East Ministry Authorization for drilling Selva North, South, East Selva North & South drilling (est.) Se
Slide 20: Investment summary
Investment summary For personal use only Strongly positioned Selva Development – Growth Portfolio Exploration partnership Construction near with development and opportunities across with a highly completion– first gas exploration upside assets including asset experienced production expected in poten
Slide 21: 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 21
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