DALLAS, TX — (Marketwired) — 09/11/13 — AleAnna Resources LLC (“AleAnna”) is pleased to announce it has executed a participation agreement and non-exclusive seismic agreement with Andiamo Resources, LLC (“Andiamo”), a Colorado limited liability company. Under the terms of the agreements, Andiamo paid AleAnna a prospect/license fee and AleAnna will grant Andiamo a non-exclusive license to AleAnna–s propriety 3D seismic data acquired in the Corte dei Signori permit area in the Po Valley of Italy. Andiamo will pay the costs to drill a well and in return will earn a beneficial working interest in a portion of the Corte Dei Signori permit.
AleAnna will continue to operate the Corte dei Signori permit in Italy and anticipates drilling two exploration wells in 2014. AleAnna–s president, Sioux Sinnott, commented, “AleAnna is thrilled to go forward with Andiamo in the Corte dei Signori permit. Andiamo is a strong technical and financial partner. Andiamo–s entry into this market confirms AleAnna–s strategy of utilizing 3D seismic to explore for oil and gas reservoirs in a cost efficient manner in onshore Italy.”
AleAnna Resources LLC is a Delaware (U.S.) limited liability company. The Company–s interests are in Italy, where it is building a presence with nine exploration permits and three permit applications in the Po Valley and Bradano basins utilizing 3D seismic technology.
Media Contact:
Sioux Sinnott
+1214 893 7568
Viale della Piramide Cestia, 31
00153 Roma, Italia
Telephone: +39 06 89 52 09 68
Fax: +39 06 89 52 06 09