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Will Europe Evolve on Natural Gas?

The energy spotlight is on Europe as it begins shale exploration. Will Europe find the same success story as the US?

shale gas in italy

European shale gas potential

Shale resources are believed to be present in at least 14 countries across Europe, though no shale gas play has yet been brought into production. Three-quarters of estimated European shale gas reserves are concentrated in just four countries: Russia, Poland, Ukraine and France.

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Europe Considers Options in Light of Threat to Russian LNG Supplies

industry gas pipeThe European Union may have given North American oil and natural gas producers the cold shoulder in the past, but now European countries could be considering cross-Atlantic suppliers as one possible alternative to Russian gas supplies.

Europe is assessing its options in the wake of two massive price increases for Russian natural gas for the Ukraine last week. Prices increased from $285 to $385 per thousand cubic metres after the country failed to meet debt repayments to Russia, then rose again to $485 per tcm after Russia retracted a $100 discount following a cancelled Black Sea Naval hosting agreement, according to Reuters. If the Ukraine keeps failing to make payments, Russia’s Gazprom can cut off natural gas flows altogether, as it did in 2009.

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BRS Resources Announces Italian Production Concession Application

BRS Resources podcast

DALLAS, TEXAS – February 3, 2014: BRS Resources Ltd. (“BRS”) (TSX.V: BRS) reported in December 2013 that Po Valley Energy Ltd. (“PVE”) had completed rig-less well testing of its newly drilled Gradizza-1 discovery well (the “Gradizza Well”). PVE and its farm-in partners, which include AleAnna Resources, LLC (“AleAnna”), have agreed to apply for a Production Concession and anticipate filing the Production Concession Application in early February 2014. BRS holds an interest in the Gradizza Well through its ownership in AleAnna.

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BRS Resources Announces Gradizza Well Test Results

gradizza gas well italy

DALLAS, TEXAS–December 04, 2013

BRS Resources Ltd. (“BRS”) (TSX.V: BRS) is pleased to announce that Po Valley Energy (“PVE”) completed well testing of its Gradizza-1 discovery well. PVE drilled and tested the well in September and scheduled additional tests in November. On November 20, the well tested natural gas at a stabilized rate of 696,000 cubic feet per day with 492 psi flowing tubing pressure on a ¼-inch choke.

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BRS Resources Announces Drilling Prospects and Permit Application

BRS Resources

DALLAS, TEXAS–October 23, 2013: BRS Resources Ltd. (“BRS”) (TSX.V: BRS) is pleased to announce that AleAnna Resources, LLC (“AleAnna”), an Italian exploration and production company in which BRS holds a membership interest, has identified  at least four drillable natural gas prospects on its Ponte del Diavolo permit within 3 miles of Po Valley Energy’s (“PVE”) Gradizza-1 discovery well. AleAnna has already submitted a drilling permit application for its Tombellina prospect, also located in its Ponte del Diavolo permit, approximately 3.5 miles southwest of the Gradizza discovery. AleAnna anticipates drilling at least one of these prospects in the next 12 months.

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BRS Resources Announces Flow Test Confirms Gradizza-1 Gas Discovery

 DALLAS, TX–(Marketwired – Sep 12, 2013) – BRS Resources Ltd. (TSX VENTURE: BRS) is pleased to announce that Po Valley Energy Limited (PVE) has carried out initial testing of the Quaternary gas bearing level of the Gradizza-1 exploration well. BRS is participating in the well through its membership interest in AleAnna Resources, LLC. As previously announced, AleAnna and PVE executed a farm-in agreement which allowed AleAnna to earn a 10% interest in the Gradizza prospect and La Prospera permit.

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BRS Resources Announces Partner in Italy Prospect

DALLAS, TEXAS– September 12, 2013 – BRS Resources Ltd. (TSX VENTURE: BRS) is pleased to announce that AleAnna Resources, LLC (“AleAnna”), an Italian exploration company in which BRS holds a membership interest, has executed a participation agreement and non-exclusive seismic agreement with Andiamo Resources, LLC (“Andiamo”), a Colorado limited liability company.

Under the terms of the agreements, Andiamo paid AleAnna a prospect/license fee and AleAnna will grant Andiamo a non-exclusive license to AleAnna’s propriety 3D seismic data acquired in the Corte dei Signori permit area in the Po Valley of Italy, totaling approximately 32,000 acres (129 sq km). Andiamo will pay the costs to drill a well and in return will earn a beneficial working interest in a portion of the Corte Dei Signori permit.

AleAnna will continue to operate the Corte dei Signori permit and anticipates drilling two exploration wells in 2014. Andiamo has a strong technical team, which will work with AleAnna’s technical and operational personnel to develop drilling prospects. Further, Andiamo’s entry into this market affirms AleAnna’s use of 3D seismic technologies to explore for oil and gas reservoirs onshore Italy as a cost-efficient, technical-effective approach.

ABOUT BRS RESOURCES LTD.
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 in particular onshore Italy. BRS’s web site is www.brsresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Steven Moore
President/CEO
Phone: 214.276.0373

For further information, please contact Steven Moore at 214.276.0373 or by email at smoore@brsresources.com.

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 the Company’s and/or AleAnna’s plans. Forward-looking statements in this news release include statements regarding: (i) AleAnna’s proposed drilling prospects and the estimated timing of same; (ii) AleAnna’s reserve potential and expected economics; (iii) AleAnna’s discussions with working-interest partners and participation by other parties in the exploration of its projects; and (iv) AleAnna’s future drilling goals generally. Actual results may differ materially from those currently anticipated due to a number of factors beyond the control of the Company and AleAnna. These risks and uncertainties include, among other things, any negative change in the law, regulatory or political environment which would negatively affect BRS/AleAnna’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 the operating costs, changes in economic conditions and conditions in the resource, foreign exchange and other financial markets, changes in the 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 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.

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BRS Resources Announces Completion of Gradizza Exploration Well

DALLAS, TX–(Marketwired – Aug 29, 2013) – BRS Resources Ltd. (TSX VENTURE: BRS) is pleased to announce a positive well log results following the drilling of the Gradizza-1 exploration well in the La Prospera permit operated by Po Valley Energy (“PVE”). BRS is participating in the well through its membership interest in AleAnna Resources LLC. As previously announced, AleAnna and PVE executed a farm-in agreement which allowed AleAnna to earn a 10% interest in the Gradizza prospect and La Prospera permit.

The well has reached total depth of 3,478 ft (1,030 m) and PVE completed logging operations and confirmed the identification of a gas-bearing zone in the primary target area of the Quaternary sand. The well intersected a 33-ft (10-m) gross gas column, with 30 ft (9 m) of net gas sand. PVE has elected to run casing, complete the well and start the production test. Upon evaluation of the test results, production rates will be finalized and reported.
AleAnna Resources holds a large acreage position onshore Italy with nine exploration permits and three permit applications in the Po Valley and Bradano basins, totaling more than 800,000 acres.

ABOUT BRS RESOURCES LTD.

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 in particular onshore Italy. BRS’s web site is www.brsresources.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 the Company’s and/or AleAnna’s plans. Forward-looking statements in this news release include statements regarding: (i) AleAnna’s proposed drilling prospects and the estimated timing of same; (ii) AleAnna’s reserve potential and expected economics; (iii) AleAnna’s discussions with working-interest partners and participation by other parties in the exploration of its projects; and (iv) AleAnna’s future drilling goals generally. Actual results may differ materially from those currently anticipated due to a number of factors beyond the control of the Company and AleAnna.

These risks and uncertainties include, among other things, any negative change in the law, regulatory or political environment which would negatively affect BRS/AleAnna’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 the operating costs, changes in economic conditions and conditions in the resource, foreign exchange and other financial markets, changes in the 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 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.

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BRS Resources Announces Drilling Of Gradizza Exploration Well

DALLAS, TEXAS–August 14, 2013: BRS Resources Ltd. (TSX.V:BRS) is pleased to announce that Po Valley Energy (ASX:PVE) commenced drilling on the Gradizza-1 exploration well in the La Prospera permit (north of Bologna in Italy’s Po Valley) on August 13, 2013. BRS is participating in the well through its membership interest in AleAnna Resources LLC. As previously announced, AleAnna and PVE executed a farm-in agreement which allowed AleAnna to earn a 10% interest in the Gradizza prospect.

The drilling contractor company, LP Drilling Srl, is using a hydraulic “Corsair 300” rig, with drilling operations scheduled to reach the potential gas bearing sands target in approximately 10 days. The Gradizza prospect is targeting a Quaternary sandstone at a total measured depth of 3,280 ft (1,000 m).

AleAnna Resources holds a large acreage position onshore Italy with nine exploration permits and three permit applications in the Po Valley and Bradano basins, totaling more than 800,000 acres.

ABOUT BRS RESOURCES LTD.

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 in particular onshore Italy. BRS’s web site is www.brsresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Steve Moore
President/CEO
Phone: 214.276.0373

For further information, please contact Steven Moore at 214.276.0373 or by email at smoore@brsresources.com.

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 the Company’s and/or AleAnna’s plans. Forward-looking statements in this news release include statements regarding: (i) AleAnna’s proposed drilling prospects and the estimated timing of same; (ii) AleAnna’s reserve potential and expected economics; (iii) AleAnna’s discussions with working-interest partners and participation by other parties in the exploration of its projects; and (iv) AleAnna’s future drilling goals generally.

Actual results may differ materially from those currently anticipated due to a number of factors beyond the control of the Company and AleAnna. These risks and uncertainties include, among other things, any negative change in the law, regulatory or political environment which would negatively affect BRS/AleAnna’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 the operating costs, changes in economic conditions and conditions in the resource, foreign exchange and other financial markets, changes in the 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 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.

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