AleAnna Energy owns a 15% membership interest in AleAnna Resources, which holds 11 exploration permit applications in the Italian Po Valley and Bradano basins, encompassing a total of 3,100sq-km (760,000 acres).
Bluescape is a private, independent oil and gas company headquartered in Dallas, Texas. Bluescape is an equity owner in AleAnna Energy along with Bonanza and provided interim bridge financing to Bonanza at the time of acquisition. Once permanent financing is in place, Bonanza and Bluescape will own 49% and 51% of AleAnna Energy respectively.
In Northern Italy’s Po Valley, AleAnna Resources currently holds five active exploration permits.
In the Bradano basin in Southern Italy, AleAnna Resources received its first exploration permit for the Torrente Acqua Fredda block, covering 66.24sq-km (16,368 acres) in late October 2010.
AleAnna Resources plans to drill its first well on the Corte dei Signori license area – Gallare Field – in early 2011. AleAnna Energy is carried on the cost of drilling the first well. AleAnna Energy also holds an additional 20% back-in working interest after payout in AleAnna Resources, which will bring AleAnna Energy’s total working interest in AleAnna Resources to 35% after payout.
