Castello was a bit of a disappointment, yes. And it's been six months since the last general presentation, so an update there would be good. They may be hoping for a successful farm-out first, though.
Bezzeca already has one well, they plan to drill a second at some point, but first they need to build the spur line to the Castello plant. San'Alberto already has the one well, they need to get the production approval (could take three years if Sillaro is anything to go by) and build a plant; only then will additional wells there happen.
Fantuzza was always waiting on a farm-in. Not sure what's happening with Carola, Irma, etc. - my hope was that the approvals process would be faster for offshore wells, and we wouldn't have to wait so long for production concessions...
The slow pace of drilling is a concern, but the huge delays from drilling to production are worse. Looking at PV's past history here, I don't believe their timelines for this at all, everything regulatory in this area takes twice as long as originally expected!
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