By decree of the Sicilian regional authorities dated 28 February 2019 Irminio was awarded the Case la Rocca exploration permit located in southern Sicily to the north of the Irminio oil field. The contract, valid for six years, will be effective upon publication of the decree in the official gazette of the Sicily region (GURS), which is expected for March 2019. Commitments include geological studies, the re-processing of the existing 3D seismic within 12 months from the award and the drilling of two exploratory wells within 24 and 48 months respectively. The total expenditure related to the work program amounts EUR 18.3 million (USD 20.7 million). It is recalled that onshore Sicily is not affected by the 18-month suspension of exploration decided by the Italian authorities in early-2019 due to the specific status of the region.  Irminio applied for the Case la Rocca exploration permit on 3 April 2013. The block, encompassing 80-sq km in the Ragusa province, covers the former Tresauro exploration permit, which expired on 29 December 2012, and surrounds the 22-sq km SantâAnna exploitation concession (EniMed). The company is planning to drill two wells from the same location in the northern part of the block, 5 km to the west-southwest of the city of Ragusa. Proposed depths are of 2,702 m PTVD for Case La Rocca 1 and 2,650 m PTVD for Case La Rocca 2. The main objective of the wells is to find oil within the dolomites of the Triassic Sciacca (Gela) Formation. The secondary objective is the Upper Triassic Noto carbonate Formation (light oil- 32Â°-33Â° API). The two prospects, located 1.7 km away from each other, were identified through a 3D seismic acquired in 2002 and 2006 in the area.  Irminio Srl holds a 100% interest in the Case La Rocca exploration permit.
Irminio Srl. was awarded the Case la Rocca exploration permit located to the north of the Irminio onshore oil field.