Operations

Why Italy?

  • Price – Natural gas is 3 times the price as in the U.S.
  • Demand – Italy imports 90% of its daily energy requirements
  • Premium locations – 11 concessions in 804,000 prime acres (3,253 sq km)
  • Timing – 1st well could be drilled in 1st half of 2011
  • Stellar management team – multi-national management with offices in Italy and U.S.
  • Excellent reserves potential – reserves are 2 to 3 times that of typical U.S. wells
  • No prior 3D seismic – AleAnna first company to shoot 3D seismic onshore Italy
  • Low drilling density – 1 well per every 10 sq miles
  • Infrastructure in place – pipeline within 1/4 mile of 1st well
  • Value – Low upfront cost to capture substantial oil & gas reserves

3D Seismic Imaging

Our Operations