In November, 2010 the 66.9 sq km Torrente Acqua Fredda exploration permit application relating to an area in the Basilicata Region was awarded and published in Official Bulletin of Hydrocarbons and Geothermal Resources No. LIV – 11.

Plio-Pleistocene turbiditic sand based Biogenic gas and oil with the Cretaceous to Miocene carbonates of the Apulian Platform are the primary exploration targets. Adjacent to major oil and gas fields, the Torrente Acqua Fredda concession is an extremely attractive prospect.