The drilling rig has arrived on location. Drilling is expected to take a month and is designed to collect cores to appraise the shallow part of the Anagni structure in the Frosinone exploration permit in the Latina valley of Italy.
The original Fontana-1 well reached the target formation 300m shallower than at the Anagni-1 location and confirmed the interpretation of the seismic data. The new well will utilise a slightly larger rig and use a modified procedure to try to ensure the reliable recovery of core samples.
Jeremy Eng, managing director of Ascent Resources, said: “The potential upside from Fontana-1 still remains and we are keen to test the structure that we believe has significant potential. As well as using the larger rig, we are employing a different operating approach to that used in the original drilling of Fontana-1 and therefore do not expect the technical issues previously encountered to reoccur.”
In the Penészlek project in eastern Hungary, the PEN-101 wellsite location is almost complete, the PEN-106 location construction is underway and the construction of the pipeline from PEN-105 to the gathering facilities and to the main export pipeline is almost complete and awaiting pressure testing, the company said.
