The company is an now focussed on advancing the Selva Malvezzi project to production and becoming a meaningful domestic supplier of energy in Italy.
Podere Gallina (Selva) is an onshore natural gas field in the eastern part of the Po Plan, among the Ferarra and Bologna provinces, in the Emilia Romagna region. The exploration permit measures 506 sq km and within this permit the Selva Malvezzi production concession is 80.68 sq km.
The 100%-owned Teodorico (AR94PY) licence is located off the east coast of Italy, approximately 30km southeast of Venice and 40km northeast of Ravenna in the shallow waters of the Adriatic Sea.