New Risk • May 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (AU$70.7m market cap, or US$50.5m). Announcement • Apr 30
Po Valley Energy Limited, Annual General Meeting, May 29, 2026 Po Valley Energy Limited, Annual General Meeting, May 29, 2026. Location: at suite 5, level 12 530, collins street melbourne vic 3000, Australia Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: €0.002 (vs €0.002 in FY 2024) Full year 2025 results: EPS: €0.002 (in line with FY 2024). Revenue: €7.05m (up 8.0% from FY 2024). Net income: €2.72m (up 14% from FY 2024). Profit margin: 39% (up from 37% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Mar 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.8% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (AU$75.3m market cap, or US$51.6m). Reported Earnings • Sep 16
First half 2025 earnings released: EPS: €0.002 (vs €0.001 in 1H 2024) First half 2025 results: EPS: €0.002 (up from €0.001 in 1H 2024). Revenue: €3.91m (up 47% from 1H 2024). Net income: €1.75m (up 88% from 1H 2024). Profit margin: 45% (up from 35% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 6.6% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Sep 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.3% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (AU$49.8m market cap, or US$33.1m). Announcement • Jul 31
Po Valley Energy Limited to Report Q2, 2025 Results on Jul 31, 2025 Po Valley Energy Limited announced that they will report Q2, 2025 results on Jul 31, 2025 New Risk • May 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risk Market cap is less than US$100m (AU$51.0m market cap, or US$32.7m). New Risk • May 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$48.7m market cap, or US$31.4m). Announcement • Apr 30
Po Valley Energy Limited, Annual General Meeting, May 29, 2025 Po Valley Energy Limited, Annual General Meeting, May 29, 2025. Location: at suite 5, level 12 530 collins street, melbourne vic 3000, Australia Announcement • Mar 28
Po Valley Energy Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Po Valley Energy Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 New Risk • Dec 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risk Market cap is less than US$100m (AU$39.4m market cap, or US$24.5m). Board Change • Nov 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Katrina O’Leary was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 25
Po Valley Energy Limited Appoints Michael Gentile as Non-Executive Director Po Valley Energy Limited announced that the board has appointed Michael Gentile as non-executive director of the Company. Michael is considered one of the leading strategic investors in the junior resource sector in Canada, owning significant top-five ownership stakes in over 20 small-cap mining companies, and is also a shareholder in Po Valley Energy. He is currently a director of Group Eleven Resources, Northern Superior Resources, OnGold, Radisson Mining Resources, Roscan Gold and Solstice Gold and a Strategic Advisor to Northisle Copper and Gold. Michael co- founded Bastion Asset Management in January 2022 a rapidly growing money management firm in Montreal with over CAD 425 million in assets under management, focused on small to mid-cap equities in the USA and Canada. Michael was previously a Vice President and Senior Portfolio Manager with Formula Growth Limited where he worked from 2002 to 2018. New Risk • Aug 06
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$270k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Significant insider selling over the past 3 months (AU$270k sold). Revenue is less than US$5m (€2.3m revenue, or US$2.6m). Market cap is less than US$100m (AU$37.1m market cap, or US$24.1m). Recent Insider Transactions • Aug 06
Insider recently sold AU$270k worth of stock On the 31st of July, Michael Masterman sold around 4m shares on-market at roughly AU$0.075 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought AU$221k more than they sold in the last 12 months. Recent Insider Transactions • Apr 09
Chairman recently bought AU$204k worth of stock On the 4th of April, Kevin Bailey bought around 7m shares on-market at roughly AU$0.029 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kevin has been a buyer over the last 12 months, purchasing a net total of AU$303k worth in shares. New Risk • Mar 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€3.6m free cash flow). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m (€309k revenue, or US$333k). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (AU$33.6m market cap, or US$21.9m). New Risk • Oct 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€3.6m free cash flow). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m (€309k revenue, or US$326k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$59.1m market cap, or US$37.9m). Announcement • Dec 22
Po Valley Energy Limited Updates on Progresses Construction At Podere Maiar Po Valley Energy Limited provided an update on progress of the Podere Maiar 1 well and pipeline in Italy's Selva Malvezzi gas field. As at 16 December 2022, civil works were well progressed with concrete slabs and exit tunnelfor the pipeline both complete. A steel frame for the water disposal tank is complete and concrete casing for the tank is close to completion, at 90% complete. The electrical system was 70% complete and lightning protection work had reached 60% completion. Works on the pipeline are underway, with the work strip and pipe welding complete. Excavation for the 4-inch pipes and laying of the 4-inch pipeline is complete. Backfilling has alsocommenced and the first phase is now at 70% completion. Piping procurement is complete, with equipment procurement at 30% completion, while prefabrication work is also underway, with skids at 35% and prefabrication of equipment items such as the separator and water tank commenced. Po Valley is fully funded to bring its Podere Maiar gas project into production following a $4.5 million Share Placement completed in August 2022. Announcement • Nov 23
Po Valley Energy Limited Commences Work on Podere Maiar-1 Gas Plant and Pipeline in Italy's Selva Malvezzi Gas Field Po Valley Energy Limited announced it will commence works on its Podere Maiar-1 gas plant and pipeline in Italy's Selva Malvezzi gas field after receiving final authorisation from Italy's UNMIG/Ministry and Fire Department approval. PVE remains on trackfor first gas from Podere Maiar in early second quarter of calendar year 2023.These were the remaining steps needed for Po Valley to officially start works on the SelvaMalvezzi concession. Construction works at the Selva well site and the pipeline installation willcommence on 28 November 2022. The project is on schedule for first gas from Selva early inthe second quarter of 2023.In addition to the announcement from UNMIG and the final approval, PVE is pleased to confirmthat construction work has also commenced to connect the suspended well at Selva to the gridtie-in connection point of Italian energy infrastructure company's SNAM S.p.A.Po Valley is in dialogue with several counterparties to offtake and sell the gas from Selva onbehalf of the Joint Venture. Bids to take delivery of gas at the SNAM connection point to thenational grid which is less than 1km from the Podere Maiar-1 (Selva) well site are beingevaluated and a joint marketing agreement will be drawn up to facilitate joint sales. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Katrina O’Leary was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 19
Po Valley Energy Limited Secures Rights to Land Title for Podere Maiar Well Site Po Valley Energy Limited announced it is on track for first gas from the Podere Maiar well in Italy's Selva Malvezzi gas field after ISMEA accepted the Company's application to land titles for the well site, subject to finance. Po Valley received an official letter from the General Director of Italy's ISMEA accepting its application for the land as well as services for the gas pipeline and associated cables. Payment to secure the land rights is on budget and is being processed immediately (19th September 2022). Once ISMEA confirm the title, Po Valley will have complete access and control over the land required to construct its gas treatment plant and pipeline at the Podere Maiar-1 well site.In addition, the steel pipe has arrived on site and is being stored in readiness for construction of the 1km gas pipeline that connects the Podere Maiar-1 well to the National Gas Grid. Po Valley continues to progress its application to UNMIG/Fire Dept for approval for its operations, and plans to request UNMIG approval to commence preliminary works on the well site. Announcement • Aug 16
Po Valley Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 3.9 million. Po Valley Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 3.9 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 70,909,090
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0033
Transaction Features: Subsequent Direct Listing Announcement • Jul 29
Po Valley Energy Limited Receives Approval for Production Concession At Podere Maiar Gas Field Located in the Po Valley Onshore in Northern Italy Prospex Energy PLC announced that Po Valley Energy Limited has received approval for the production concession at the Podere Maiar gas field located in the Po Valley onshore in northern Italy, which lies within the Selva Malvezzi production concession ('Selva'). Prospex holds a 37% working interest in thePodere Maiar licence with the Operator holding the remaining 63%. Po Valley was awarded the Selva Malvezzi preliminary gas Production Concession (80.68km2) in 2019 and received the final Environmental Impact Assessment ('EIA') decree issued by the Ministry on 29 March 2021. The Emilia Romagna Regional Council approved INTESA (local government production agreement) for the Podere Maiar gas field at Selva on 5 June 2022. Po Valley will now applyto the Ministry for the formal transfer of 37% to Prospex of the quotas in Po Valley's Selva Malvezzi concession. This legal transfer can only happen after production concession approval and is essentially a formality. It will not delay field development activity undertaken by the Operator and its contractors. The Podere Maiar gas field, within the Selva Malvezzi concession, is in a defined "suitable area" under the Plan of Areas ('PiTESAI'). Based on dynamic reservoir studies, the field development is designed to produce at a maximum rate of up to 150,000 cubic metres/day (5.3 million standard cubic feet per day ('MMscfd')) from successfully tested C1 and C2 production levels in the Medium- Upper Pliocene sands of the Porto Garibaldi Formation. Announcement • Jun 06
Po Valley Energy Limited Receives Penultimate Approval for Production at the Podere Maiar Gas Field Located in Onshore Northern Italy Po Valley Energy Limited has received the penultimate approval for production at the Podere Maiar gas field located in onshore northern Italy, which lies within the Selva Malvezzi Production Concession ('Selva'). Prospex holds a 37% working interest in the Podere Gallina Exploration Permit with the Operator holding the remaining 63%. Emilia Romagna Regional Council approves INTESA (local government production agreement) for the Podere Maiar gas field at Selva. INTESA is a prerequisite for Italy's Ecological Transition Ministry ('MiTE') to grant a Final Production Concession at Podere Maiar. Final Production Concession will allow Po Valley to install gas plant and a 1km pipeline - contract negotiations are underway to complete this. The company expects first gas from Podere Maiar in the first half of 2023, subject to final approval. Announcement • Jun 04
Po Valley Energy Limited Receives Penultimate Approval for Production at Podere Maiar Gas Field Po Valley Energy Limited ('Po Valley' or 'the Company') announced the Regional Council of the Emilia Romagna Region approved the issue of an INTESA (local government production agreement) requested by Italy's Ecological Transition Ministry (MiTE). This is the penultimate step necessary to receive the Final Production Concession for Po Valley's Selva Malvezzi Production Concession, and the Company welcomes this approval. Po Valley was awarded the Selva Malvezzi preliminary gas Production Concession (80.68km2) in 2019 and received the final Environmental Impact Assessment (EIA) decree issued by the Ministry on 29 March 2021. The Podere Maiar gas field, within the Selva Malvezzi Production Concession, is in a defined "suitable area" under the Plan of Areas (PiTESAI). Granting of the INTESA opens the way for the anticipated grant of the Final Production Concession by the Ministry. This will allow Po Valley to proceed with installing a fully automated gas plant at the existing Selva/Podere Maiar 1dir well site and a 1,000m (1km) pipeline to the adjacent National Gas Grid, where the regulator SNAM can connect the pipeline to the grid. Po Valley has commenced negotiating contracts to complete this construction in a timely manner, with anticipated first gas from Podere Maiar in the first half of CY2023. Based on dynamic reservoir studies, the field development is designed to produce at a maximum rate of up to 150,000 cubic metres/day (5.3 mmscf/day) from successfully tested C1 and C2 production levels in the Medium-Upper Pliocene sands of the Porto Garibaldi Formation. (Refer ASX release dated 29 May 2018) Po Valley Chairman Kevin Bailey AM said receiving the INTESA was an important step in progressing Podere Maiar towards production. Po Valley holds a 63% interest in the Selva gas field. Recent Insider Transactions Derivative • May 05
Non-Executive Director exercised options to buy AU$750k worth of stock. On the 2nd of May, Kevin Bailey exercised options to buy 25m shares at a strike price of around AU$0.028, costing a total of AU$700k. This transaction amounted to 10% of their direct individual holding at the time of the trade. Since June 2021, Kevin's direct individual holding has decreased from 235.54m shares to . Company insiders have collectively bought AU$710k more than they sold, via options and on-market transactions, in the last 12 months. Board Change • May 03
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Joseph Constable was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
Po Valley Energy Limited, Annual General Meeting, Apr 29, 2022 Po Valley Energy Limited, Annual General Meeting, Apr 29, 2022, at 11:00 E. Australia Standard Time. Location: Suite 801,Level 8,25 Bligh St Sydney New South Wales Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 31 December 2021 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider the adoption of remuneration report; to consider the election of director; to consider the ratification of prior issue of placement shares; to consider the ratification of prior issue of underwriter options; to consider the approval of 7.1a mandate; to consider the amendment of the terms of issue of convertible notes; and to consider other matters. Board Change • Dec 08
No independent directors Following Non-Executive Director Joseph Constable's arrival on 01 December 2021, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Joseph Constable was the last director to join the board, commencing their role in the last week. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 09
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Sara Edmonson was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 14
Po Valley Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 10.062005 million. Po Valley Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 10.062005 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 359,357,338
Price\Range: AUD 0.028
Transaction Features: Rights Offering; Subsequent Direct Listing 