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BRS Resources Ltd. V.BRS.H

BRS Resources Ltd is an upstream oil and gas exploration and production company. It is engaged in production, exploration, and acquisition of petroleum and natural gas properties in Italy. The company along with its operational partner has drilled three explorations well in the Po Valley. Each of these prospects is in close proximity to and on trend with several nearby producing natural gas fields, including the Sabbioncello, Tresigallo, and Cotignola fields.


TSXV:BRS.H - Post by User

Bullboard Posts
Comment by RGS1on Jan 19, 2004 9:21pm
68 Views
Post# 6919223

RE: News too ! more $ in the till !

RE: News too ! more $ in the till !SVC is involved, but has about 5 times the number of shares out. I believe however that the Howard County project is a Bonanza shot not SVC. It looks to me that the Natural Gas hits are bread and butter. 4 out of 4 so far and 10 more in the short term means increasing revenue !! I think the Howard County is a re-entry, meaning, a high likleyhood of success. This would give BRS major upside. I hear that they are hoping for 150 bpd and if so would do 8 or so infill holes. At $20us per barrel we would see $800,000 plus per month from this, add the gas and perhaps we are closer to $1mil us per monthr. If 12 mil shares out and $12mil in cash flow = $1.00 per share x 4 (cash flow multiple) gives you a $4 stock price. I smell upside and dividends anlong with VERY little risk ate these prices. It will not happen tomorrow but over the next 3 to 6 months and then watch out as the cash starts to hit the till.
Bullboard Posts