• AleAnna Inc. ("AleAnna or the "Company") has received a Prospective Resource report from DeGolyer and MacNaughton ("D&M") containing 32 undrilled / undeveloped prospects in which the Company holds mineral interests. The Prospects are assessed to contain an un-risked Pmean resource of ~575 Billion cubic feet of gross sales gas (~520 Bcf net to AleAnna).

     
  • All prospects in the report are in AleAnna's core Po Valley Region in Italy, many in the immediate vicinity of Longanesi field. Except for 5 locations on the Longanesi concession, all Prospects are AleAnna 100% working interest.

     
  • Including the existing Gradizza and Trava discoveries, AleAnna management plans 8 new drilling projects / prospective developments for the five-year period beginning January 1, 2027, with the remaining 24 prospects proposed for the time period 2032+. At the same time, AleAnna continues to evaluate its substantial Po Valley acreage base for further expansion opportunities.
     

DALLAS and MILAN, May 21, 2026 (GLOBE NEWSWIRE) -- Following recent press releases on the receipt of a Production Concession for the Gradizza field, and receipt of an updated Reserves report containing a 47% increase to 1P reserves, AleAnna (NASDAQ:ANNA) announces its intent to progress a wholly-organic growth and value-creation plan designed to provide sustained, year-after-year production growth, from initial production at Gradizza through broader portfolio development and projected earnings growth.

The plan is underpinned by a strong Prospective Resource assessment from D&M, which contains a high-quality, risk-reduced portfolio of drilling locations well-advanced through the regulatory approval process in Italy, and supported by 2D and 3D seismic previously acquired and interpreted by AleAnna technical experts. Further, the plan is carefully designed to maximize synergies between individual prospects, sharing multi-well pads and production facilities wherever possible. Capital allocation priorities and a scalable operating model have been employed, and free cash flow is used where possible to minimize the requirement for debt and future equity fund-raising.