BRS Resources Ltd C.BRS

News

[vendy007]

The rubber hits the road friday as the news said testing this month and this month is over in 4 days! Look forward to an update from Italy.

[emtrev99]

The only timeline in the last release is "The well is being completed and production tests are scheduled to begin later this month." Was there somewhere else that quoted competion by the end of the month?  -   Friday March 17 2017 – News Release Mr. Byron Coulthard reports TRAVA 2 — NATURAL GAS DRILLING UPDATE BRS Resources Ltd. has been advised that the Trava 2-D

[Goldy63]

This post has been removed in accordance with Community Policy

[emtrev99]

I believe a news update revealing a large deposit will take a considerably longer time frame than a disappointing result just because there are so many more ducks to get in a row. I'm fine with the wait, no weak hands here.

[gijo333]

That would be approximately $400K/day wellhead value at current prices

[gijo333]

Just for fun multiply by 5X sales valuation and divide by the current 124 million shares gives us a share price of $5.88. Seriuos sheeeet

[largeinvest]

Don't they only get 9.5% of that total though?  Works out to net 33.3 bbls per day.  I know its gas and convert to bbls to get a better picture.  

[gijo333]

The percentage you are referring to is a well ready to go online which is owned by PO Valley gas. The well that we are waiting for a new release on is a BRS well which is wholly owned.  The inside info described this morning says 2M cubic feet per day. That's the info I used for a revenue projection of $400K/day

[Power4Play]

BRS has around 10% stake of AleAnna. (15 to 17% out of debt if not mistaken) Though, fields should be more than enough with some major discoveries to make of this a multi dollar stock. Glta