Italy Po Valley indicated gas find to undergo tests

A group led by Po Valley Energy will test an apparent gas discovery at the Gradizza prospect on the La Prospera permit in Italy’s Po Valley.

The Gradizza-1 well went to a total depth of 3,478 ft, and logs identified a gas-bearing zone in the primary target area of the Quaternary sand, said BRS Resources Ltd., Dallas.

The well intersected a 33-ft gross gas column with 30 ft of net gas sand. PVE has elected to run casing, complete the well, and start the production test. Upon evaluation of the test results, production rates will be finalized and reported.

BRS Resources participates in the well through its membership interest in AleAnna Resources LLC. AleAnna and PVE executed a farm-in agreement that allowed AleAnna to earn a 10% interest in the Gradizza prospect and La Prospera permit.

AleAnna Resources holds a large acreage position onshore Italy with nine exploration permits and three permit applications in the Po Valley and Bradano basins totaling more than 800,000 acres.

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