Jul 24th 2012 - Edison Investment Research today published a report on Po Valley Energy entitled "Moving Offshore". In summary, the report says:
Po Valley Energy (PVE) has taken a major step forward in expanding its asset portfolio with the approval of its first offshore exploration permit in the Adriatic Sea. The permit, AR94PY, includes the Carola and Irma discoveries that, if developed, could add 25bcf of gas to its production and development assets, an increase of 164%. The company remains profitable and is fully funded for its current work programme. We expect this to be supplemented through debt and farm-outs as PVE continues to execute its growth strategy.
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