Sale of Italian oil fields scuppered for Po Valley

PO Valley Energy is will hang on to two of its onshore fields in northern Italy after their proposed sale to Delta Energy was blocked by one of the latter’s largest shareholders. 

Sale of Italian oil fields scuppered for Po Valley Sale of Italian oil fields scuppered for Po Valley Sale of Italian oil fields scuppered for Po Valley Sale of Italian oil fields scuppered for Po Valley Sale of Italian oil fields scuppered for Po Valley

Year-long sale process blocked by buyer’s largest shareholder 

Though facing a loss of over EUR1.13 million in income from the sale, the Aussie junior has decided optimism is the best response, suggesting the loss could be a profit if the oil price rises ...