Operations in Italy

Operations in Italy Bradano Basin Veneto

Celtique Energie operations in Italy.
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Celtique holds licences in two areas of Italy.

In the Bradano Basin, Celtique holds licences in three regions: Torrente Alvo, Fontana Autuno and Monte Negro.

Celtique operates with a 100% interest in all these regions.

In the Veneto, the Carità licence contains the Nervesa gas discovery and the depleted Arcade gas field.

Celtique were notified of award in July 2008 and the formal issue of a Decree for a six year term is expected in late 2009.

Celtique operates with a 100% interest.

Licence Summary

Region

Licence

Licence Holder

Operator

Award Date

Size (km²)

Bradano Basin

Fontana Autuno

Celtique Energie Petroleum Ltd 100

CEPL

Notified for award (awaiting Decree)

80.82

Bradano Basin

Torrente Alvo

Celtique Energie Petroleum Ltd 100%

CEPL

Notified for award (awaiting Decree)

84.34

Bradano Basin

Monte Negro

Celtique Energie Petroleum Ltd 100%

CEPL

Notified for award (awaiting Decree)

287.7

Veneto Basin

Carità

Celtique Energie Petroleum Ltd 100%

CEPL

Notified for award (awaiting Decree)

529

Celtique Energie Petroleum Ltd has been recommended for award of these licences by C.I.R.M. (the Hydrocarbons & Mining Resources Committee) and the Ministry of Economic Development through the Ufficio Nazionale Minerario per gli Idrocarburi e la Geotermia (U.N.M.I.G.), formal award of the exploration licences await approval from the Conference of Services, a summit of all concerned Public Bodies, the Regions, and a positive Environmental Impact Assessment (E.I.S.). When this is received final approval from the Ministers Council is required before the licence is formally awarded.

CEPL = Celtique Energie Petroleum Ltd

Celtique Energie
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Celtique Energie Ltd
Celtique Energie Petroleum Ltd
76-78 Charlotte Street
London W1T 4QS
United Kingdom
Tel: +44 20 7255 6100
Fax: +44 20 7255 6110
enquiries@celtiqueenergie.com