Saxon Oil Company Ltd. has announced that AleAnna Resources LLC ("AleAnna"), of which Saxon owns a 20% membership interest, has executed a seismic contract with IMC Geophysical International Limited ("IMC")
In March 2008, the Italian Ministry of Economic Development, approved AleAnna's exploration application for the 248 sq. km. (62,000 acres) Corte dei Signori area. The area is located in the Emilia-Romanga Region, in the Po Valley, approximately 20 km east of the town of Ferrara.
"The execution of this contract with IMC is a major step," stated Mickey McGhee, president of AleAnna. "IMC is a premier international 3D seismic acquisition contractor and with the expected positive seismic data AleAnna
In Italy, AleAnna has an additional ten "Applications for Exploration Permits" totaling 744,037 acres that have
Italy has been a major gas producing region in Europe since the late 1940s with over 4,300 wells drilled in several geologic provinces. The Po Valley is the most prolific gas basin in Italy with gas recovered from high
Richard G. Green, president and CEO of Saxon, stated, "Mickey McGhee has done a great job leading AleAnna. AleAnna's accomplishments in receiving Ministry approval for seismic operations in the Corte dei Signori area and executing a contract are significant. Saxon is very excited about the opportunities Saxon has acquired and identified in Europe."
Most Popular Articles
From the Career Center
Jobs that may interest you