Po Valley Energy Limited provided the market update on Selva Gas field: Schedule update: In accordance with the gas network code, the national pipeline operator is responsible for both the costs to construct the grid connection point for new gas developments as well as the construction itself. Following a review of the tie in execution plan with pipeline operator Snam, the company been informed that the estimated time to complete the tie would delay first gas to the first half of 2023. It is understanding that long lead times of equipment and materials over the past year in part flowing from Covid has caused a bottleneck effect in supply lines. Capital Expenditure estimate (100% basis): Recent increases in the prices of equipment materials, namely steel, have resulted in an increase in the development capex for the Selva Gas field which is now estimated to be ?2.65 million (compared to ?2.3 million). Regulatory approvals. The Ministry has confirmed they are progressing the Selva and Teodorico production concessions and The company expects the INTESA for Selva to be approved by the Regional Government in fourth quarter of 2021 and the full production concession granted in first quarter of 2022. Environmental Monitoring: Initial GPS monitoring began in June 2020 and this program will be continued jointly with seismic and subsidence monitoring programs. The first 12 months of full monitoring will be completed within December 2022.