The Arrone-1 well spudded on Saturday and the conductor casing is now set and cemented at 55m. It is planned to drill to a depth of 1,000m and is expected to take approximately three weeks to complete. Two wells have previously been drilled in the area of the permit, one of which, the Roma-2 well drilled in 1955, reported gas shows.
Ascent Resources Managing Director Jeremy Eng said, "As highlighted by our recent three announcements including the spudding of the Arrone-1 well, the farm-out in the Po Valley and the on-going test on the Anagni-1 well, Ascent has a diverse spread of projects and a continued high level of exploration drilling activity."
Production testing of the Anagni-1 well continues and a further update will be provided by the Company in due course.
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