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Po Valley Energy eyes London Stock Exchange sub-market listing

Po Valley Energy (ASX:PVE) is advancing plans for listing its natural gas production fields on the London Stock Exchange Alternative Investment Market (LSE AIM).
Po Valley is an Italy based.

Po Valley is an Italy based oil and gas exploration, development and production company with interests in Northern Italy.

The company is planning to undertake an IPO in the UK and list its natural gas production assets – Sillaro, Bezzecca, and Sant’Alberto on the LSE AIM.

Bezzecca was successfully financed in July 2016 and is on schedule to start production in early 2017.

The funds raised from the IPO would be intended to meet development expenses for the Sant’Alberto gas field and general working capital.

Preparation for the UK IPO is underway, with brokers and advisors appointed and documentation advanced.

The listing of Po Valley’s Italian gas production assets on the LSE AIM has the potential to lead to an upgraded market valuation of these assets.

With Bezzecca joining Sillaro in production in early 2017 and Sant’Alberto following later in the year, this package of gas production assets can potentially generate strong returns and cashflows.

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