OIL STRIKE IN SOUTHERN ITALY MARKED FOR DEVELOPMENT

Lasmo plc, London, has disclosed plans by partners in a block in southern Italy to apply for a production license. Chosen for development is the Torrente Sauro block, where Total Mineraria SpA's 2 Tempa Rossa confirmation well flowed 1,366 b/d of 17 gravity oil from pay at 4,800 to total depth 5,037 m. Tests of a zone at 4,479-4,730 m yielded 2,172 bbl of 17 oil during 3 days with intermittent use of nitrogen lift. The well cut an oil column of more than 500 m in Mesozoic carbonates. Site

Sept. 30, 1991

Lasmo plc, London, has disclosed plans by partners in a block in southern Italy to apply for a production license.

Chosen for development is the Torrente Sauro block, where Total Mineraria SpA's 2 Tempa Rossa confirmation well flowed 1,366 b/d of 17 gravity oil from pay at 4,800 to total depth 5,037 m. Tests of a zone at 4,479-4,730 m yielded 2,172 bbl of 17 oil during 3 days with intermittent use of nitrogen lift.

The well cut an oil column of more than 500 m in Mesozoic carbonates.

Site is 2-1/2 km south of Fina Italiana SpA's 1 Tempa Rossa, a 1989 oil discovery on the Laurenzana block.

Lasmo has agreed to acquire Total Mineraria's assets, including interests in the Torrente Sauro and Laurenzana blocks. Current partners in Torrente Sauro are Total 40%, Enterprise Oil Exploration Ltd. 33.33%, and Fina 26.67%. Those in Laurenzana are Fina 56.47%, Total 20.46%, and Enterprise 23.07%.