Po Valley Energy

Po Valley Energy reported the company-operated Podere Maiar 1 dir exploration well in the Selva gas field of Northern Italy was complete for production and “on gas.” Po Valley said it had successfully cased, perforated, and completed the well and that log analysis, including pressure testing, delineated two gas-bearing reservoirs with 135 ft of net pay. The rig was demobilized, and rigless flow testing was set to take place. The company has a 63% interest in the well, with United Oil & Gas (20%) and Prospex Oil & Gas (17%) holding the remaining stakes.