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The Bezzecca #1 well, located within the Company's 100% owned Cascina San Pietro permit area east of Milan, is the Company's fourth appraisal well. Formerly called Pandino, the field was drilled in the 1950s by ENI and produced 5 bcf.
In 2006, 50 kilometres of seismic data were purchased and the Company completed a review of the size and structure of the Bezzecca field.
Drilling commenced in March 2009 and strong flow rates with rapid pressure recoveries were reported after the successful completion of all production tests on three levels at Bezzecca #1 - deep Miocene, shallow Miocene and the Pliocene.
Initial flow from the deep Miocene level from 1925m to 1945m was 2.2 million cubic feet per day on a ¼ inch choke at a pressure of 1760 psi. The tested flows stabilized and exhibited rapid and full pressure recovery.
A relatively small perforated zone in the shallow Miocene from 1913m to 1916m tested at 0.55 million cubic feet per day on a ¼ inch choke. The flow was stable and pressure recovery was rapid.
The Pliocene level between 1862m and 1863m also produced better than expected gas flows. In Bezzecca, the Pliocene gas bearing levels are in thin zones above the main Miocene target. The Pliocene level flowed at a stabilized rate of 1.0 million cubic feet per day on a 3/16 inch choke with good pressure recovery.
As a result, this test program generated an aggregated flow rate of 3.75 million cubic feet per day.
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