june 2008 investor presentation released, page-24

Not in the Po Valley mate - sorry! Oil is located strictly at 5000 to 6000 metres depth, with gas located at 2000 metres depth. As you now are aware, Borsano-1 is a shallow gas target and it will not be terminating at 5000 to 6000 metres otherwise they would have said so.

VF is the perfect example of this phenomenon, 175 BCF shallow gas and deeper oil play 250mm barrels oil.

So yeah, your original statement that Borsano was only ever going to be an oil play is rendered invalid.

Et ta mère est vraiment salle!