Operations

Avanti is focused on the development of 76 Bcf of proven and probale gas reserves in Central Italy through its subsidiary company CMI Energia SpA. Avanti's management team is actively evaluating the acquisition of other proven reserves in Italy through its recently formed Lucana Idrocarburi srl, a Basilicata-based company that is owned 80% by CMI and with specific focus on the Basilicata Region and surrounding regions.

Based on the Avanti management team's deep experience in field development and rehabilitation, Avanti believes it is well postured to create shareholder value within a relatively short period of time.