News
BRS's AleAnna has 58.8 Bcf net 2P reserves at Dec. 31
2017-04-24 11:48 ET - News Release
Mr. Byron Coulthard reports
BRS RESOURCES PROVIDES RESERVE UPDATE
BRS Resources Ltd. has provided an update on the natural gas reserves of AleAnna Resources LLC. BRS owns an interest in AleAnna through its membership interest in AleAnna Energy LLC.
AleAnna's conventional natural gas reserves as at Dec. 31, 2016, were evaluated by independent petroleum engineering consultants DeGoyler & McNaughton Petroleum Consultants and Chapman Engineering, in accordance with the definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook and National Instrument 51-101 -- standards of disclosure for oil and gas activities. The independent reserves evaluations are dated effective December 31, 2016.
A reserves committee of the Company reviews the qualifications and appointment of the independent reserves evaluator and reviews the procedures for providing information to the evaluators. All the Company's reserves are located in Italy. Additional reserves information required under NI 51{{a ‐} ‐}101 will be included in BRS's reports relating to reserves data and other oil and gas information under NI 51{{a ‐} ‐}101 related their interest in AleAnna Energy LLC, which owns 100% of the membership interest of AleAnna Resources LLC.
AleAnna's conventional natural gas reserves (expressed in billion cubic feet (Bcf)) as of December 31, 2016 were as follows: