Prospex Oil and Gas commences Italy drilling

SOCAR

Prospex Oil and Gas said drilling of a well in Italy in which it holds an interest has commenced.

Operator Po Valley Energy is drilling the Podere Maiar-1d appraisal and redevelopment well on the Podere Gallina exploration permit, of which Prospex has a 17% working interest.

The well, which is targeting contingent resources of 17 billion cubic feet, will be drilled to a total depth of 1,350 metres over 20 to 25 days.

Well-testing has been planned and, in the case of success, will be undertaken in mid-January 2018.