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Licence Details
Area: 412.8 km2
Status: Assigned Permit
Effective date: Expected to be awarded in 2011
Work Commitment: N/A
Term: 5 years from award
Interests:
Apennine Energy (Operator) 50.00%
CGI 50.00%
Permit Area History
Colle Ginestre is located in Campobasso (Molise) and Foggia (Puglia) on the Adriatic coast of central Italy. The area falls within the outer Bradano basin and the eastern Apulia Platform. The main plays are for gas in Pliocene turbidites and Mio-Cretaceous carbonates.
The area lies adjacent to the Portocannone and Torrente Tonafields with recoverable reserves of over 95 Bfcf and 10 MMbo + 50 Bscf respectively in Pliocene folded and truncated turbidites lying beneath the allochthonous unit. The Rospo Mareoilfield, a short distance to the north, holds 94 MMbo recoverable reserves in Cretaceous carbonates. Within the application area itself are four depleted Pliocene gas fields (Chieuti, which produced over 12 Bscf, Torrente Saccione, Torrente Mannara and Masseria Sassi).
The Terlizzi prospect, analogous to the Chieuti field, was mapped by ENI and although considered mature for drilling, no activity was undertaken.
Recent Permit Activity
Apennine Energy was assigned the permit in 2008. The Company is required to undertake an Environmental Impact Assessment in order to convert the licence to a full permit. To date only G&G data studies have been undertaken on the licence.
Apennine’s strategy is to evaluate the resource potential of the Terlizzi prospect and consider this for drilling. Other leads will also be evaluated.
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