P.Gallina (Selva)

The Selva gas field (produced 83 bcf from 15 wells over a 35 year period) lies within the Podere Gallina exploration permit area, 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 Geological and Geophysical work to assess the Selva residual gas potential and the technical team identified a new low risk prospect named "Selva Stratigraphic” and a second exploration target (East Selva) on the pinch out edge to the east of the main Selva field. Fugro-CGG has certified 2C Contingent Resources of 17 bcf of gas for the prospect.

Approximately 70km of 2D seismic was purchased from ENI to further evaluate the exploration potential and the reprocessing is now complete.

The drilling application of the related Podere Maiar-1 well is expected to be issued 1Q 2016.