The company operates the La Prospera license with a 75% interest, while Petrorep Italiana and AleAnna Resources own 15% and 10% interests, respectively.
The drilling contractor company, LP Drilling Srl, using its hydraulic Corsair 300 rig drilled the well to a total depth of 1,030m. Drilling at the well started on 14 August 2013.
Po Valley completed logging operations and confirmed the existence of a 10m gross gas column in the primary target area of the quaternary sand level, with 9m net gas sand.
Plans are now underway to case and complete the well, followed by a production test, while results are expected in one week.
A seismic study has identified a sandstone Quaternary target at a total measured depth of 1,000m (prospective best estimate gas resources of 9 bcf).
