ANNA News & Events

AleAnna announced the receipt of its final year-end 2025 reserves report from D&M, which contains a material increase to Total Proved Reserves and the productive lifespan of Longanesi field, and also to Total Proved Reserves at the Gradizza and Trava fields. AleAnna's year-end 2025 reserve report from DeGolyer and MacNaughton shows Total Proved Reserves of 25.8 Bcf, a 47% increase over year-end 2024; Year-end Total Proved Reserves increased 37% at Longanesi and 75% at Gradizza. Proved Developed Producing reserves were recognized for the first time at Longanesi, and Total Proved Reserves were recognized at Trava for the first time Similar increases to AleAnna's undeveloped Prospective Resource are expected, and the Company will issue another statement on that subject in the near future. In early and mid-2025 AleAnna's technical experts completed significant updates to its reservoir and resource evaluation models across the Po Valley. Preliminary internal results indicate the presence of additional, previously unevaluated pays, known as Thin-Bed Turbidites, in the Longanesi, Trava, and Gradizza fields. As a result, AleAnna engaged D&M to conduct an independent Thin-bed pay analysis for all three fields using advanced log interpretation techniques and software. In its report to AleAnna, D&M concluded that all of the wells drilled to date contain significant amounts of Thin-Bed Turbidites, allowing it to increase its gas-in-place and recoverable gas estimates for all three fields. AleAnna also commissioned D&M to update its Reserves report using encouraging Longanesi production data and reservoir performance from 2025. The results of this analysis allowed D&M to promote a certain amount of reserves from the Probable category at year-end 2024 to the Proved category at year-end 2025, a positive development in terms of future recoverable reserves. According to both AleAnna internal and D&M studies, the presence of Thin-bed Turbidites throughout the Po Valley basin is now recognized, and based upon thicker pay columns and good early performance of Turbidite reservoirs at Longanesi, similar increases to resource estimates for the Company's development portfolio can be expected. AleAnna will provide an update to its Po Valley development program and further discuss this positive development in the near future.

AleAnna outlined how its Italy-focused natural gas development plan directly supports European energy security objectives following the European Commission's formal adoption of a regulation to phase out imports of Russian natural gas. The European Union's declaration establishes binding timelines to restrict Russian pipeline and LNG imports, reinforcing the strategic importance of secure, domestic, and allied sources of supply. AleAnna's development plan is designed to help address this shift by advancing reliable Italian natural gas production tied to existing infrastructure. "The European Commission's formal declaration to phase out Russian gas marks a decisive policy inflection," said Graham Van't Hoff, Chairman of AleAnna. "Energy security is no longer theoretical. Italy has domestic gas resources, existing infrastructure, and the technical capability to convert those assets into dependable supply. AleAnna's development plan is structured to do exactly that."

AleAnna announces the receipt of a Production Concession for the Gradizza Field, with the Italian Ministry of Environment and Energy Security, MASE, granting their approval for production from the Gradizza Field. AleAnna plans to develop the field using a single well and compact processing facility with a short-distance pipeline tie-in to the SNAM gas transmission system. Initial production is targeted for the first quarter of 2027. Marco Brun, Chief Executive Officer, commented: "Receipt of the Gradizza Production concession is strong validation of AleAnna's success in bringing new sources of natural gas to Italy. AleAnna has worked tirelessly to engage constructively with national, regional, and community stakeholders to advance projects that contribute to Italy's energy independence and support Europe's broader energy transition goals. Gradizza represents a major step forward for the company as our first fully owned and operated development."

Reports Q3 revenue $11.2M vs $648k last year. Marco Brun, Chief Executive Officer, remarked on AleAnna's recent accomplishments: "The third quarter marks a significant milestone for AleAnna as we realized exceptional performance from our Longanesi field generating $5.3 million of net income, $6.3 million of EBITDA and $8.9 million of cash from operations. We are on track to exceed our expectations for the performance of the Longanesi field. In parallel, we continue to deliver on our plan to advance our broader growth strategy across both conventional and renewable natural gas. With a solid balance sheet, positive cash flow, and a growing asset base, we are well-positioned to deliver sustainable value creation for our shareholders."