Po Valley Energy (ASX: PVE) have achieved another milestone at the Castello gas field east of Milan.
Installation works on the Castello production field east of Milan have commenced.
Castello is 78% complete. First production is scheduled for late October 2009 - at an initial production capacity of 2.7 million cubic feet per day.
Italian contractor, Semat SpA, have commenced site activities today and expects to complete the civil works and plant installation within a target four-month schedule.
Po Valley Energy Managing Director, Michael Masterman said all production plant and equipment has been built, factory tested and awaiting completion of the 1st phase of civil works ready for installation.
"PVE is now in control of its development schedule for this field – a crucial hurdle for the Company,” Masterman said.www.proactiveinvestors.com.au
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