SOURCE: BRS Resources Ltd.

BRS Resources Ltd.

September 15, 2014 14:58 ET

BRS Resources Files Armonia Drilling Application

DALLAS, TX--(Marketwired - Sep 15, 2014) - BRS Resources Ltd. ("BRS") (TSX VENTURE: BRS) is pleased to announce that AleAnna Resources, LLC ("AleAnna"), an Italian exploration and production company in which BRS holds a membership interest, has submitted a drilling application for the Armonia prospect in the Ponte dei Grilli permit area. The Ponte dei Grilli permit area, located in the Emilia Romagna region of northern Italy's Po Valley, is in close proximity to and on trend with several nearby producing natural gas fields, including the San Potito and Cotignola fields, which have produced 46 billion cubic feet (Bcf) and 52 Bcf of natural gas, respectively. The application includes a detailed environmental impact report as well as engineering and geological data.

"Italy's Prime Minister Matteo Renz has announced energy policy reforms in 'Unblock Italy,' which should result in faster approval timelines going forward," commented Steven Moore, BRS President and CEO. "AleAnna owns 87,969 acres (356 km2) of newly acquired 3D geophysical data on three of AleAnna's nine permits, which represents the largest 3D geophysical inventory for onshore Italy. AleAnna is the leader in utilization of 3D technology to minimize environmental impact and reduce the drilling required to develop Italian gas reservoirs. AleAnna's work programs and activities create jobs, economically benefit local entities, regions and the country of Italy and will reduce Italian dependence on imported natural gas."

For more details on these and other AleAnna projects and activities, please visit www.brsresources.com.

ABOUT BRS RESOURCES

BRS Resources Ltd. is listed on the TSX Venture Exchange under the symbol BRS. BRS is an upstream oil and gas exploration company focused on the Mediterranean region and, particularly onshore Italy. Currently, BRS owns a 25% after-payout interest in AleAnna. For further information, visit brsresources.com or follow BRS on Twitter @BRSresources and Facebook facebook.com/brsresources.

ABOUT ALEANNA RESOURCES, LLC

AleAnna is a Delaware (U.S.) limited liability company. AleAnna's interests are in Italy, where it is building a presence with nine exploration permits and three permit applications in the Po Valley and Bradano basins, encompassing more than 800,000 acres (3,250 km2). AleAnna is owned by three experienced oil and gas exploration and production companies, including BRS. AleAnna's web site is www.aleannaresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Steve Moore
President/CEO
Phone: 214.276.0373

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.

Disclaimer for Forward-Looking Statements
This press release includes certain "forward-looking statements." Forward-looking statements are statements or projections that involve various risks and uncertainties regarding future events related to BRS's, PVE's and/or AleAnna's plans, including the anticipated filing of the Production Concession Application in early February 2014. Actual results may differ materially from those currently anticipated due to a number of factors beyond the control of BRS, AleAnna, and PVE including any negative change in the law, regulatory or political environment which would negatively affect BRS's or PVE's ability to obtain permits necessary for drilling; BRS/AleAnna's lack of sufficient financing to proceed with proposed drilling; the continued price and demand for natural gas; BRS's ability to hire and retain personnel necessary to successfully operate its business; the speculative nature of natural resource exploration activities; changes in operating costs; changes in economic conditions and conditions in the resource, foreign exchange and other financial markets; changes in investments and exploration expenditure levels; litigation, legislation, environmental, judicial, regulatory, political and competitive developments in areas in which BRS operates; technological, mechanical and operational difficulties encountered in connection with the BRS' activities; and other risk factors detailed in BRS' various filings filed on SEDAR at www.sedar.com. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof and BRS disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, unless required by applicable law.

Contact Information

  • For further information, please contact
    Steven Moore
    214.276.0373
    Email Contact