ANNA News & Events

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."

AleAnna announced the receipt of an Intesa from the Emilia-Romagna Region, granting their approval for development of the Gradizza Field near the towns of Tresignana and Copparo, Italy. Receipt of the Intesa is an important next step in the Company's journey to becoming a leading provider of sustainable natural gas in Europe. Located in Northern Italy in the Province of Ferrara, the Gradizza field is a key piece of AleAnna's plan for a near-term increase in natural gas production and EBITDA growth. Gradizza will be AleAnna's first fully-owned and operated development. Following receipt of a formal Production Concession from the Italian Ministry of Environment and Energy Security, it is anticipated that construction could be completed and the field brought online within 12-18 months. The Gradizza Field contains net Proved reserves of 0.4 Bcf, net Probable reserves of 0.8 Bcf and net Possible reserves of 5.6 Bcf according to DeGolyer and MacNaughton, AleAnna's independent reserves auditor. Gradizza is characterized by high permeability turbidite reservoirs similar to those found in AleAnna' previously-developed Longanesi field, and will be produced from a single well and a small-footprint processing facility.