^^ANDREA99BOBAN^^

C'E' GAS A BAGNACAVALLO (RA)

Anche se qui da noi non se ne parla granchè, a Bagnacavallo la società canadese Grove Energy ha perforato l'anno scorso un pozzo (concessione acquistata dall'ENI) "Abbadesse 1" tra posto tra Bagnacavallo e Masiera. I primi risultati danno una produzione di metano molto puro con una possibile portata di 15 MMSCFD che in unità di misura cristiane risulta 424000 standard metri cubi giorno di gas. Eni sta ora perforando di fronte a tale pozzo, a circa 1.5 km di distanza da esso (pozzo "Longanesi 1"). Se passate da via Crocetta potete vedere in questi giorni la torre di perforazione.

Sottolineo che tali pozzi sono a 2760 m sotto terra e che la SUBSIDENZA è una kazzata mondiale che l'abbiamo raccontata a tecnici giapponesi nel '91 ed ancora ridono.

Riporto inoltre da OilVoice.com (senza fini di lucro):

<< Sunday, November 27, 2005

Highlights

• Exploration well on Abbadesse discovery scheduled for December 2005. ENI to test extension of discovery into adjoining San Potito concession held by ENI by drilling the Longanesi-1 exploration well.
• San Marco farm out to Blugas for 72.5% of costs for 50% working interest
• Acquisition of additional 148 km of seismic in San Marco and two additional prospects identified for proposed 2006 drilling
• Pantelleria seismic interpretation completed. Results very positive and to be announced in December 2005. Stellar Energy Advisors appointed to handle farm out negotiations.
• South Craiova Concession - 185 km of additional seismic acquired in south east. Prospect definition under way for proposed drilling in early 2006.
• D-14, Slovenia - Drilling contract negotiated for 1st quarter 2006. D-14 well to be deepened to test structure.
• UK North Sea - Six blocks awarded to Grove in the 23rd licensing round.

Grove Energy Limited, the oil and gas exploration company with its primary assets in Europe and the Mediterranean Margin, announces its September 2005 financial results. There were a number of significant developments during the quarter including:

San Marco Concession, Po Valley, Italy

Abbadesse-1 Discovery Well
The Abbadesse-1 well was drilled on the north east of the Company’s San Marco concession and was completed during the second quarter of 2005 as a producing well. An application was made during the second quarter with the Ministry of Productive Activities for a development and exploitation license in respect of the Abbadesse discovery. The development plan calls for a 2 km pipeline, a modular gas plant and two additional appraisal wells, Abbadesse 2 & 3.

Grove has mapped six gas-bearing horizons - “A” through “F” - and tested sands C, D and E&F (co-mingled) with flow rates of approximately 5 mmscf/d from each test. Initial modeling has indicated that Abbadesse-1 will produce about 4 mmscf/d and that Abbadesse-2 & 3, with a dual string completion and producing from two horizons simultaneously, could produce at approximately twice this rate. With Italian gas prices ranging between Euro 5 and Euro 6 per mcf during the quarter the Abbadesse field could be a significant cash generator.

Grove intends to undertake an extensive production test of the A and B horizons when the Abbadesse-2 and 3 appraisal wells are drilled during 2006. The intention is that such wells will be completed as producing wells. The Abbadesse-1 well site was designed to allow for additional wells to be drilled from the same location, thereby minimizing development site costs and approval delays.

Based on mapping, testing and the vertical seismic profiling survey, the Abbadesse discovery appears to be a stratigraphic trap that expands (thickens) to the east-south-east into the San Marco concession and pinches out to the west into the adjoining San Potito concession held by ENI S.p.A.

During the third quarter

• Grove was advised by the Ministry of Productive Activities to work with ENI to agree a joint development plan for the Abbadesse discovery due to the probable extension of the discovery into San Potito.
• Technical and commercial meetings were held with ENI to advance development and exploitation strategies. Grove agreed to make available its well data to ENI, on a pre-trade basis, to ensure the timely development of the Abbadesse field.
• Grove was advised that ENI intends to drill the Longanesi-1 well to confirm the extension of the Abbadesse discovery into the San Potito Concession. Grove believes that this well will determine how far zones A through C extend into the San Potito Concession and whether zones A through C cover a much larger area than initially mapped and contain thicker sands than interpreted by Grove. Grove has only tested zones C, D, E & F and should ENI have a discovery and subsequently test zones A, B & C the data will assist both parties in determining the extent of the field, reserves, production profiles and ultimately development strategies. Site preparation is ongoing for the Longanesi-1 well, with a spud expected mid December 2005 and the results expected in early January 2006.

Grove is extremely pleased that an excellent working relationship has been established with ENI and with the decision by ENI to drill the Longanesi-1 well to test the structural extension into the San Potito Concession. The data gathered will assist both parties in determining an appropriate strategy for the development of the Abbadesse discovery, which subject to the results of the Longanesi-1 well could be larger than originally mapped by Grove.

Balance of San Marco Concession
Early reviews of seismic data over San Marco, prior to the successful Abbadesse well, led to the identification of a number of exciting leads. A decision was made to first drill the Abbadesse structure and, upon a successful discovery and validation of the geological model, to focus on other similar structures (leads) on trend within the license block and to acquire further seismic to mature these leads into prospects. During the third quarter:
• Grove acquired, reprocessed and is interpreting 148 kms of infill 2D seismic over four leads running on trend with the Abbadesse discovery.
• Entered into a Farmout agreement with Blugas for the portion of the concession not included in the Abbadesse area.
• Entered into a long-term gas sales agreement with Blugas.
• Commenced negotiations with drilling contractors in respect of two exploration wells in the San Marco Concession
• Began sourcing long lead items such as tubulars, casing and well heads.

During the quarter Grove expanded its relationship with Blugas to include the balance of the San Marco Concession. Pursuant to this agreement, Blugas agreed to fund 50% of the cost of acquiring, processing and evaluating 148 km’s of seismic over the leads on trend to the Abbadesse discovery. It is estimated that this cost will be approximately C$ 1 million. Upon funding its seismic option, Blugas has the right to farm into any prospect identified. Upon electing to farm in, Blugas will meet 72.5% of the costs associated with drilling, testing and completing any wells drilled on such structure for the right to a 50% interest. Should Blugas withdraw from any prospect or acreage, Grove will have the right to either sole risk or farm out such area to third parties. Infrastructure required to develop the field, post testing, will be funded 50 / 50.

Grove has agreed to sell all gas produced from fields jointly funded with Blugas to Blugas pursuant to the Standard Gas price index that prevails in Italy less a discount of 1% for handling and marketing.

Other Onshore Concessions
An application has been made for the Solarolo Concession to the south of San Marco and the Casale Cocchi Concession immediately to the south of the Abbadesse discovery. It is understood that a meeting will be held in December to decide the award of the Casale Cocchi concession.>>

Staremo a vedere. Mi vendooooooo ... la grinta che non hooooo....