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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 Fantuzza 1 drilling program and environmental approval documentation has been submitted to the regulatory authorities and all the necessary casing, tubing and wellhead have been delivered to the Company during 2007. The well is expected to be drilled in the first half of 2009 to a depth of 2,600m.
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