A relatively small perforated zone in the shallow Miocene from 1913m to 1916m tested at 0.55 million cubic feet per day on a 1/4 inch choke. The flow was stable and pressure recovery was rapid.

The Pliocene level between 1862m and 1863m also produced better than expected gas flows. In Bezzecca, the Pliocene gas bearing levels are in thin zones above the main Miocene target. The Pliocene level flowed at a stabilized rate of 1.0 million cubic feet per day on a 3/16 inch choke with good pressure recovery.

We have successfully tested all three levels in Bezzecca #1. Each of the tests delivered stabilized gas flows and rapid pressure recovery Po Valley’s Chief Executive Officer, Michael Masterman, said As a result, we have generated a combined flow of 3.75 million cubic feet per day from this test program. Masterman said.

There are additional levels identified in nearby wells and potentially present in Bezzecca #1 that will be investigated in subsequent work. This work, together with the encouraging results from the testing program, will provide an initial assessment of the size, nature and scope of a Bezzecca development.

The rig used in the Bezzecca appraisal schedule has been released and will move to another well prior to mobilisation to PO Valley Energy’s Sillaro field to drill Sillaro#2.