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Otto to spud Italy's Gazzatta-1 exploration well in mid May


Published Apr 24, 2009
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Po Valley Energy in Italy

Otto Energy Limited confirmed the timing for drilling the Gazzatta-1 exploration well in the Cento-Bastiglia permits in the Po Valley, onshore Italy.

The well is now expected to spud around mid May and will take approximately 30 days to drill. Otto is earning a 50% working interest through the funding of the Gazzata-1 well and a second well if Gazzata-1 is a significant gas discovery.

Tags: Otto Energy Limited



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