SOURCE: BRS Resources Ltd.

BRS Resources Ltd.

March 12, 2012 09:30 ET

BRS Resources Announces Drilling of First Well

DALLAS, TX--(Marketwire - Mar 12, 2012) - BRS Resources Ltd. (TSX VENTURE: BRS) ("BRS" or the "Company") today announced drilling has commenced on its first well in which BRS owns a 17.35% pre-payout interest (25% after payout). Located in Italy's Po Valley, it is a development well in a partially depleted field where 3d seismic technology was used to identify remaining natural gas reserves.

"We are excited to be drilling our first well," said Steve Moore, president and CEO of BRS Resources. "Using conventional drilling techniques, it will be drilled to a total depth of approximately 6,500 feet (2,000 meters). We have employed state-of-the-art drilling technology to target the reserves and have minimal impact on the environment.

"Unlike the U.S. natural gas market," Moore continued, "the European natural gas market has an average gas price of $11.53 per mcf (December 2011), compared to an average $3.16 per mcf in the U.S. The demand to produce gas locally has increased in the region and domestically produced gas will help reduce dependence on imports which will create greater energy security."

ABOUT BRS RESOURCES
BRS Resources is listed on the TSX.V Exchange under the symbol BRS. The Company is an independent international oil and gas company focused on the development and production of oil and natural gas reserves.

ON BEHALF OF THE BOARD OF DIRECTORS

Steve Moore
President/CEO
Phone: 214.699.9470

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • For further information, please contact
    David Russell
    Director of Investor Relations/Corporate Communications
    214.699.9470
    Email Contact

    5910 North Central Expressway, Suite 1250
    Dallas, Texas 75206
    214 699 9470
    www.brsresources.com