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| New Projects
The Podere Gallina exploration permit area measures about 331 Km2 and it is situated in the eastern part of the Po Plain, among the Ferrara and Bologna provinces, in the Emilia-Romagna region. The licence was awarded in 2008.
During 2012 the Company carried out the G&G work to assess the residual gas potential of the Selva gas field (that produced 83 bcf from 15 wells over a 35 year period) and identified a new low risk prospect named "Selva Stratigraphic"(the drilling of the related Podere Maiar-1 well is ongoing). The whole area of the ex Selva field will be thoroughly investigated through the purchase of additional existing 2D seismic and wells data plus a possible new 3D seismic acquisition.
Robertson CGG has certified 2C Contingent Resources of 17 bcf of gas for the prospect. Work is progressing to finalise a drilling location.
Within La Risorta exploration permit (preliminarily granted), located in the north east of the Ferrara province, the Company is progressing studies for promising gas prospects (Dosso delle Anime, Ariano and Corcrevà) with target depths ranging from 1,200 and 2,100 metres.
Preliminary evaluation of total best prospective resources amounts to 43.7 bcf - unrisked.
The Company plans to purchase existing ENI seismic in order to finalise the evaluation of the gas potential of the prospects and select drilling locations. The regulatory process is proceeding slowly due to local regulations.
In 2012 the Company the Company expanded its portfolio with the preliminary grant of Torre del Moro and Tozzona exploration licences, in the Po Valley basin. The Company intends to conduct geological and geophysical studies on the new permit area, once awarded, to fully evaluate a number of leads already identified and, assuming positive results, will then prepare plans for an exploration well.
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