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Fantuzza is a deeper structure of Sillaro; the well is located with the task to exploit a deeper Miocene structure. 50km of seismic data was purchased during 2006 and reviewed to confirm the size and structure of the Miocene target and a drill location has been selected. Fantuzza 1 will be the first Po Valley Energy well targeted to test this deeper structure which was previously successfully drilled and tested by ENI.
The surface plant and pipeline connection at the Sillaro production facility located about 2 kilometres west of Fantuzza-1, has been sized to process gas from a success at Fantuzza-1 production site. The drilling program received Environmental clearance and the final drilling approval from UNMIG is expected shortly.The Company plans to drill the well in the second half of 2010.
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