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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
Post by RGS1on Feb 27, 2004 12:22pm
104 Views
Post# 7128636

% ownership

% ownershipI understand the the interest in the Lasley area varies from hole to hole but averages about 10%. This is equating to roughly $10,000 us per hole per month to the company. The last hole, Roser 1-11, seems to be much larger than the previous hits so it would make sense that the numbers would be even better. In speaking with management, I get very excited about the potential for the Howard County, Texas re-entry hole as well. This is 100% BRS with very serious potential to have 150 bpd production. Also there is room for lots of infill drilling so if succesful we would see a massive increase in cash flow. Add the Lasley Cash flow and the potential of Howard County and it looks like big upside. I'm with you Mikerocap.. feeling a little smart !!!
Bullboard Posts