Cygam to Test Several Zones at Posta Piana 1

Cygam Energy Inc. announced that the Posta Piana 1 well has been drilled on the Posta Nuova permit to a total depth of 1,147 meters. On Wednesday, production casing was been set in the well. Log evaluation indicates the presence of several zones of interest that will be perforated and production-tested in the next few weeks.

The well is located in the Puglia region of southern Italy, along a trend of several onshore gas fields (Candela-Palino, Monte Stillo, San Salvo-Cupello, etc.).

Cygam's has a 100% working interest in the Posta Piana 1 well, subject to a 20% free carried interest to production point if commercial production is established.