One ready to drill prospect has already been identified in the Montemarciano permit. The well will target shallow (expected target depth of 1,000 meters) gas methane within Pliocene sands with best estimate prospective resources of 2.6 Bcf (high estimate 3.5 Bcf). Drilling the Montemarciano well will be part of the forthcoming drilling string that MOG is planning for early 2007.
The farm-in is subject to Ministerial approval.
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