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  • Po Valley Energy To Continue Testing Of Gradizza-1 Gas Discovery 0 comments
    Oct 10, 2013 12:33 AM

    Po Valley Energy (ASX: PVE) is proceeding with rigless testing of its Gradizza-1 gas discovery in northern Italy to better evaluate its commercial potential.

    The well had flowed gas at a rate of 247,000 standard cubic feet of gas during production testing, highlighting the company's ability to discover new gas resources.

    Gradizza-1 was a greenfields exploration well that had a 27% chance of success.

    The company will complete well cleanup and perform additional production tests in November.

    Following interpretation and incorporation of the new results in the reservoir model for the field, both the commercial potential and Contingent Resources of the Gradizza discovery will be reported to the market.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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