AleAnna Italia has been awarded the Bagnacavallo production concession. AleAnna Italia shareholder BRS Resources advised on 11 December 2018 that the Ministry of Economic Development had confirmed the award. The concession forms part of the Longanesi Field Unit (Padana Energia operated - 66.5%) which was in the final stages of authorisation during H1 2018. The award of the concession follows a Ministerial Decree issued by the Ministry on 7 December 2018 for an extension of the adjacent San Potito production concession (Padana Energia operated -100%). The Longanesi field was discovered by the NFW Abbadesse 1 Dir (2004, Grove, 3,043m) which tested at 15.4 MMcfg/d from three Lower Pliocene sands, and was estimated to hold 3P reserves of 85 Bcfg. AleAnna Energy LLC through subsidiary AleAnna Italia Srl operates the licence with 100% equity.
Italy, Bagnacavallo