AleAnna, Inc. Announces Significant Increase in Proved Reserves Volumes

Core Viewpoint - AleAnna, Inc. has reported a significant increase in its Total Proved Reserves, which rose by 47% compared to year-end 2024, as confirmed by the year-end 2025 reserves report from DeGolyer and MacNaughton [1][5][7] Group 1: Reserves and Resource Estimates - Total Proved Reserves at year-end 2025 are now 25.8 billion cubic feet (Bcf), reflecting a 47% increase from year-end 2024 after accounting for production in 2025 [7] - The Longanesi field saw a 37% increase in Total Proved Reserves, while the Gradizza field experienced a 75% increase [7] - Proved Developed Producing reserves were recognized for the first time at Longanesi, and Total Proved Reserves were recognized at Trava for the first time [7] Group 2: Technical Studies and Analysis - AleAnna's technical experts conducted extensive updates to reservoir and resource evaluation models, identifying additional Thin-Bed Turbidites in the Longanesi, Trava, and Gradizza fields [2][4] - D&M's independent analysis confirmed significant amounts of Thin-Bed Turbidites in all wells drilled to date, leading to increased gas-in-place and recoverable gas estimates for these fields [2][3] Group 3: Management Commentary and Future Outlook - The CEO of AleAnna expressed satisfaction with the substantial increase in proved reserves, emphasizing the long-term value of the portfolio and the effectiveness of the company's technical and operational strategies [5] - The company anticipates similar increases in its undeveloped Prospective Resource and plans to provide further updates on its Po Valley development program [4][7] Group 4: Company Overview - AleAnna is focused on sustainable energy solutions, particularly low-carbon natural gas and renewable natural gas (RNG), with significant developments in Italy's energy transition [6] - The company has three conventional gas discoveries and plans for fourteen new natural gas exploration projects in the coming decade, supported by Italy's extensive gas infrastructure [6]