PO Valley welcomes new investor in Italy

ASX-listed gas producer Po Valley Energy has welcomed a new project partner to its Podere Gallina project, in Northern Italy. The company has inked a farm-in agreement with Aim-listed Prospex Oil and Gas, which would see the London-listed company earn a 17% interest in the license in exchange for funding 34% of the costs to complete the Podere Maiar-1 well, which will start drilling in mid-November.