By OGJ editors
HOUSTON, Jan. 31 -- The Italian government issued preliminary approval for a unit of Cygam Energy Inc., Calgary, to explore the 83,264-acre Aretusa Permit (d348 C.R.-VG) on the Ragusa plateau in the Mediterranean southeast of Sicily.
Other companies have expressed interest in participating with Cygam's Vega Oil SPA on Aretusa, the company's fifth permit in Italy.
Targets include Upper Triassic Taormina carbonate and Lower Jurassic Inici carbonates.
Reprocessing of existing seismic data and more seismic data acquisition will follow pending final ministerial approval.