Po Valley licence issue: clarification

Perth-based gas developer, Po Valley Energy Ltd, says it expects its application for the Ossola licence area, situated north of Milan, and awarded to it by the Italian Ministry for Economic development in July last year, to now be considered at the next meeting of Italy's Hydrocarbon Commission.

The endorsement of the Hydrocarbon Commission, necessary to allow exploration to proceed, had been delayed until now by an appeal against the licence award by Italian energy company, Edison SpA.