GlobeNewswire·May 21, 2026, 7:00 AM ET

AleAnna, Inc. Announces Receipt of Large D&M Prospective Resource Report and Significant Expansion of its 5-Year Development Plan

ANNA ANNAW

AleAnna Inc. received a Prospective Resource report from DeGolyer and MacNaughton identifying 32 undrilled prospects with an un-risked Pmean resource of ~575 Bcf gross sales gas (~520 Bcf net to AleAnna).
All prospects are located in AleAnna's core Po Valley Region in Italy, many near the Longanesi field, with 100% working interest held on all locations except five on the Longanesi concession.
Management plans 8 new drilling projects between January 1, 2027, and 2031, including the Gradizza and Trava discoveries, while the remaining 24 prospects are scheduled for development post-2032.
The growth strategy aims to provide sustained production growth from Gradizza through portfolio expansion, utilizing a scalable operating model to minimize debt and equity fundraising through free cash flow.
Key Component 1 involves expanding the Longanesi field with two new locations developed from existing multi-well pads to leverage current infrastructure for near-term, high-margin additions.
Key Component 2 covers 17 additional drilling locations near Longanesi and the Ponte dei Grilli cluster, featuring shared facilities, 3D seismic support, and Direct Hydrocarbon Indicators to reduce risk.
Key Component 3 introduces a new Miocene gas play characterized by large anticlinal closures and thick reservoir sandstones, with prospects included in the 5-year development plan.
CEO Marco Brun stated the report highlights the portfolio's scale, supporting a disciplined organic growth strategy funded primarily by internal resources to deliver long-term shareholder value.
An updated corporate presentation containing further details is expected to be published on the company website later in 2026.