Post by
LifegoesOn73 on Mar 08, 2017 3:12pm
cant get any better- Read the Trava 2 well estimates :)
"The Trava-2 well, located in the southern half of Corte dei Signori, received final approvals from the Ministry and UNMIG Bologna on June 8, 2016. The Trava-2 well has multiple reservoir targets in the prolific Pliocene age Porto Garibaldi sand section offsetting a significant dry hole that logged gas and gas shows but was never brought to production. The objective intervals are near 900 meters in depth and the gross reserves were estimated by Chapman Engineering as of October 31, 2015 as 5.2 Bcf Probable and 12.8 Bcf Possible reserves (see the Companys Form NI 51-101F1 as filed on April 6, 2016). The well is planned for drilling in the fourth quarter of 2016. Bids for services in connection with this drilling are currently being solicited."
Comment by
Goldy63 on Mar 08, 2017 3:20pm
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Comment by
LifegoesOn73 on Mar 08, 2017 3:34pm
yup and keep in mind these estimates are only for the Trava 2 well, AleAnna holds 31 exploration applications and permits for over 2.9 million acres (11,782 square kilometres) in Italy. these guys are just starting, yesss
Comment by
paperrockscisor on Mar 08, 2017 4:57pm
Anybody know another Company I can compare it too? So the next NR will probably tell us they've hit gas, but we won't know the numbers yet? But just knowing they hit gas is enough to shoot BRS share price to the moon.