DALLAS, TEXAS – May 12, 2015: BRS Resources Ltd. (“BRS”) (TSX.V: BRS) is an international upstream oil and gas exploration and production company focused on the Mediterranean region, primarily onshore gas in Italy.
Through its ownership in AleAnna Energy LLC, which owns 100% of AleAnna Resources LLC (“AleAnna”) in Italy, BRS is strategically positioned to exploit Italy’s vast, untapped natural gas reserves. BRS, which owns 17% of AleAnna Energy LLC, acts as the operating partner for AleAnna in Italy. AleAnna holds nine exploration permits and four permit applications in Italy’s Po Valley and Bradano basins, encompassing more than 800,000 acres (3,250 km2). To date AleAnna has acquired 86,000 acres (350 km2) of 3D geophysical data, making it Italy’s largest owner of onshore 3D geophysical data in Italy.
AleAnna recently executed surface agreements on three well site locations and is currently negotiating for additional surface locations, as well as with drilling and geophysical surveying contractors, as part of its operational plan to drill three natural gas prospects in the coming year and add significant more 3D geophysical data to its existing portfolio.
AleAnna continues to prioritize human and capital assets to ensure its successful game-changing prospects are drilled and completed. Italy imports 91% of the country’s natural gas consumption and politically desires energy independence. Recently approved Italian decrees and laws confirm the government’s strategy to streamline the permit approval process which should results in faster approvals going forward which could provide positive impact to the country’s economy.
For more details on these and other AleAnna projects and activities, please visit web site 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 17% interest in AleAnna. For further information, visit www.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 sq km). AleAnna is owned by two 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
Phone: 214 276-0373
For further information, please contact Steven Moore at 214 276-0373 or by email at email@example.com.