Sant'alberto is located in the north of Bologna and Edison, the previous partner and operator, submitted the production concession application in July 2006. In March 2008, Po Valley reached an agreement with Edison to assume 100% ownership of the licence.
In February 2009 the Ministry confirmed that the Company is now the sole operator/owner effective from the 29th October 2008.
The Ministry accepted the Company's work program for the San Vincenzo licence and a new 2D seismic acquisition program of approximately 30 kilometres is planned by February 2011. The structural interpretation deriving from the new seismic, together with a recently completed reservoir study considering the past production history matching, will allow us to define a suitable subsurface target area for a production well. Our renewed focus on the field aims to achieve commercialization in the shortest timeframe.
