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Gas has been confirmed in the Gradizza-1 well by Po Valley Energy Limited.

During the production test, the flow rate stabilized at 247,000 standard cubic feet/day (~7,000 standard cubic metres/day) with a 3/16″ choke, with well pressure recovering quickly throughout the testing period.

The well has been single completed with a gravel pack. Although no formation water was associated with gas production during the test, the clean-up process is not complete. The flow rate is expected to improve once clean-up is achieved.

Po Valley Energy will take the next few months to review the data and consider rigless testing to better evaluate the real reservoir capability.

Following incorporation of the production test results in the reservoir model for the field, both the commercial potential and Contingent Resources of the Gradizza discovery will be determined and reported by the company at a later date.

Po Valley Energy Limited  is an emerging oil & gas exploration and development company with an expanding portfolio of hydrocarbon assets in northern Italy.