Core Viewpoint - AleAnna, Inc. has received a Production Concession for the Gradizza Field, marking a significant step towards its goal of becoming a leading provider of sustainable natural gas in Europe, with initial production targeted for Q1 2027 [1][2][6] Group 1: Production and Development - The Gradizza Field is located in the Province of Ferrara, Italy, and is fully owned by AleAnna, which plans to develop it using a single well and a compact processing facility [2] - The Production Concession allows for an initial 20-year production period, enabling AleAnna to commence production after a 12-month seismic and subsidence monitoring study, which is already underway [7] Group 2: Resource Evaluation and Potential - AleAnna's technical experts have updated reservoir and resource evaluation models across the Po Valley, indicating the presence of additional, previously unevaluated pays in the Longanesi, Trava, and Gradizza fields [4] - The company has engaged D&M for an independent reservoir analysis and expects to publish an updated Reserves Report in Q1 2026, which will renew its Resource development plan [5][7] Group 3: Strategic Importance and Commitment - The approval of the Gradizza Production Concession reflects AleAnna's proactive engagement with national, regional, and community authorities, signaling Italy's commitment to developing domestic natural gas reserves [3][6] - AleAnna's initiatives align with Italy's energy independence and broader energy transition goals, supported by the country's extensive gas infrastructure [8]

This Milestone Represents the Final Approval Required Prior to Ministry Award of a Production Concession The information included herein contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain statements, other than statements of present or historical fact included herein regarding AleAnna's future operations, financial position, plans and objectives are forward-looking stat ...

Core Insights - AleAnna, Inc. has achieved its targeted maximum production rate of 28 million cubic feet per day at the Longanesi Field within less than 6 weeks of production, indicating strong early performance and potential for further growth [1][7] - The company is generating over $100,000 in daily revenue from current production, supported by average Italian natural gas prices of approximately $13.50 per thousand cubic feet [2][7] - The European Union aims to eliminate Russian natural gas imports by the end of 2027, creating a long-term demand for domestic natural gas sources in Italy [3][7] Company Developments - AleAnna is focused on enhancing Italy's energy security and supporting the transition to cleaner energy by advancing investments at the Longanesi Field [4] - The company has made three conventional gas discoveries in Italy and plans to initiate fourteen new natural gas exploration projects in the coming decade [5] - AleAnna's portfolio includes three renewable natural gas (RNG) plants under development and nearly 100 projects, representing a potential investment of approximately €1.1 billion in the next few years [5] Market Environment - The EU's current reliance on Russian natural gas, which accounts for about 20% of its supply, is driving the need for new domestic sources of natural gas [3] - Gas storage levels in the EU are at 34% capacity, contributing to increased demand and pricing for natural gas in the region [3]