Po Valley Energy fully funded to gas production

Po Valley Energy executive chairman Kevin Bailey tells Proactive’s Elisha Newell about its recent $4.5 million capital raise, which means the company is now fully funded to gas production in April next year at the Podere Maiar gas field at the company’s 63%-owned Selva Malvezzi concession in Italy. Bailey gives insight into the construction contracts for Podere Maiar, the production concession the company received for the project from Italy’s Ecological Transition Ministry (MiTE) late last month and how the company intends to bring production plans to fruition. Notably, the company has already locked in a below-estimates price for construction of the pipeline and installation plant and will benefit from current gas prices once in production.

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