How Did Po Valley Energy (ASX:PVE) Achieve Record Monthly Gas Revenue at Selva Malvezzi?

Sonal Goyal

27 October 2026 12:29 AM AEDT

How Did Po Valley Energy (ASX:PVE) Achieve Record Monthly Gas Revenue at Selva Malvezzi?

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Key Highlights

Po Valley Energy (ASX:PVE) closed at $0.092, up 2.22%, on 26 October 2026.
August gross Revenue was about €1,670,000 at 67 euro cents per Scm, the highest monthly figure in over three years.
Italy's ministry confirmed admissibility of the Selva Malvezzi EIA for a four-well program.

Po Valley Energy Ltd (ASX:PVE) closed at $0.092, up 2.22%, in the Trading session on 26 October 2026, while the S&P/ASX 200 closed at 8,809.9, up 0.17%, and the S&P/ASX 200 Energy index gained 0.92%. Po Valley Energy is an ASX-listed company producing gas in northern Italy through its Selva Malvezzi project.

Operational Update Dated 4 September 2026

Po Valley announced that Italy's Ministry of Environment and Energy Security confirmed admissibility of the Environmental Impact Assessment for the Selva Malvezzi four-well drilling program, with a 60-day public observation period starting on 1 September. The documentation was submitted before the end of June.

The Podere Miair well produced about 2,500,000 Scm gross in August at an average of 67 euro cents per Scm, giving gross revenue of about €1,670,000, the highest monthly revenue in over three years of continuous production. The company's 63% share was about 1,575,000 Scm and €1,052,100.

New Gas Sales Agreement

Po Valley Operations, as operator with partners PXOG Marshall and UOG Italia, signed a new 12-month gas sales agreement with Hera Trading from 1 October 2026 to 1 October 2027. There is no automatic right to extend, and extension discussions are to start at least 30 days before 30 September 2027. It follows an agreement signed in August 2025.

The sales agreement summary lists the parties as the Po Valley joint venture partners and Hera, with a start date of 1 October 2026 and an end date of 1 October 2027. The company says the agreement reflects all parties' commitment to Supply locally produced gas to the community, and that the technical team is prepared to answer queries during the public consultation.

About Po Valley Energy

Po Valley Energy Limited (ABN 33 087 741 571) operates through its Wholly Owned Subsidiary Po Valley Operations Pty Ltd and describes its aim as supplying locally produced gas to the community.

Po Valley said gas prices remain at a high level and that supportive European gas market fundamentals benefited August realisations.

Risks and Catalysts on Watch

The EIA consultation period runs 60 days from 1 September, and gas prices at the field depend on European gas market conditions. The sales agreement has a fixed 12-month term.

Wrapping Up

Po Valley reported record monthly revenue, EIA progress and a renewed sales agreement. The shares closed up 2.22% on 26 October.

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