| Badile |
 Licence Details
Area: 154.5 km2
Status: Permit
Effective date: 23.03.2010
Work Commitment: 1 well
Term: 5 years
Interests:
Apennine Energy (Operator) 100.00%
Permit Area History
The Badile Permit is situated in the Piedmont Lombard Basin in northern Italy, where the principal play is oil, gas and condensate in deep Triassic dolomites and limestones. The permit is adjacent to ENI’s Gaggiano oil field and a short distance from the giant Villafortuna-Trecate and Malossa oil fields with total proven recoverable reserves over 400 MMboe.
The permit area was initially held by ENI in the exclusive zone until 2004. A total of 460 line km 2D and 238 km2 3D seismic were acquired between 1974 and 1990. Two dry wells were drilled within the permit area between 1978 and 1982.
Recent Permit Activity
Apennine Energy filed an application in January 2006 and the permit was awarded in March 2010. To date only Environmental Impact Assessment and G&G data studies have been completed on this permit.
Two large ready-to-drill prospects have been mapped in the permit area, Badile and Zibido, with gross P50 prospective resources estimated by Fugro-Robertson to be 185 Bscf* and 130 Bscf* respectively.
Apennine's strategy is to purchase and interpret 3D seismic data in order to determine a drilling location for the Badile prospect.
Note: Resource estimates indicated by an asterisk (*) indicate that the figures are supported by a corresponding Competent Person’s Report. |