Coro Energy's subsidiary Apennine Energy SpA has acquired Sarp SpA's 25% WI on the San Lorenzo production licence and become sole licensee. The transaction was published on 16 November 2018 and effective from 30 October 2018. San Lorenzo was awarded to the partners on 10 March 2014 for a 20 year period and covers 4.92 sq km in the Northern Apennines Basin along the eastern coastline of Italy. The acreage contains the Casa Tiberi gas field discovered by Casa Tiberi 1 NFW (2012, Apennine, 715m) and first gas was delivered on 28 July 2014 from a Lower Pliocene Cellino formation sandstone. During September 2018 the field was producing at a rate of approximately 85,500 cfg/d. Apennine Energy SpA operates the licence with 100% equity.
Coro Energy's subsidiary Apennine Energy SpA has acquired Sarp SpA's 25% WI on the San Lorenzo production licence and become sole licensee. 