PVE spuds Podere Maiar 1 dir well in Selva gas field
Wednesday, Nov 22, 2017
Po Valley Energy Limited, the Australian ASX listed natural gas company, is pleased to announce that it has spudded the Podere Maiar 1 dir well in the former Selva gas field on 21 November 2017.

The well will be drilled to a target depth of 1,350 meter in the Pliocene which is expected to take 20-25 days to drill and complete. We will update the market progressively on the progress of the well and evaluation of results.

Following the successful farm out of the well to United Oil and Gas 20% and Prospex Oil and Gas Plc 17%, PVE holds a 63% share of the Podere Gallina licence containing this well and the ENI Selva gas field.

Find out more about European Oil and Gas from NewsBase