Within the Frosinone project area the Anagni-1 well, drilled in 2006 by Ascent, had strong oil shows. Despite extensive testing, the well only produced small amounts of oil.

In 2008, additional seismic was acquired and it became apparent that the well had intersected the side of the structure.

In late 2009, Fontana-1 was drilled as a geological appraisal well and confirmed the structure was present 300m shallower at this new location.  A replacement Fontana well was drilled in February 2010 to investigate the nature of the reservoir.  A core sample taken from the limestone of the target Carbonate Platform formations contained live oil, while deeper dolomite horizons have been shown to contain water from the data acquired from logging tools.  The Partners believe that the results are sufficiently encouraging to proceed with the permitting of a hydrocarbon appraisal well, the Anagni-2, located within 1 km of the Fontana-1 location, which will target a smaller adjacent structure.

Ascent interest : 80%

Ascent subsidiary: Ascent Resources Italia s.r.l.