Under the deal, Petrorep will earn a 15% stake in PVE’s upcoming work programme for the permit, including the drilling of the Zini 1, Canolo 1D and Canolo 2D exploration wells, for which a drilling approval process is in progress.
The deal will also allow the company to earn 15% of the La Prospera exploration licence, also located in the Po Valley region, subject to the fulfilment of certain conditions precedent.
The
