Bullboard - Stock Discussion Forum BRS Resources Ltd C.BRS

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BRS Resources Ltd. is a Canada-based mineral exploration company. The Company is focused on the identification, evaluation, and acquisition of mineral exploration properties located in Canada and the United States and once acquired, the exploration of those properties. Its principal property is the Cowtrail Property, which is in the exploration stage. The Cowtrail Property consists of 32... see more

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BRS Resources Ltd > I think the market is confused

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Post by largeinvest on Mar 30, 2017 2:19pm

I think the market is confused

BRS is active in Italy through its ownership in AleAnna Energy LLC which owns 100% of AleAnna Resources LLC ("AleAnna"). BRS owns 9.74% of AleAnna Energy LLC.

So do they get 100% of the production or only 9.74%?

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Comment by Playa2012 on Mar 30, 2017 2:23pm

BRS gets 9.74% of the production. Or else the stock would have really taken off from 20 cents. It has already gone up 500% from 4 cents so it has moved nicely already. Very good well so maybe the market will price it higher.

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Comment by DeadliestCatch on Mar 30, 2017 2:25pm

Dont sleep on the technology factor here. They have proven their proprietary technology on the first crack. They have discovered a HUGE well where old technology missed it.

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Comment by largeinvest on Mar 30, 2017 2:26pm

So basically then its 315 boepd and their share 9.74% amounts to 30 bbls and this is flush production...hmmm Its a good well alright but they need to own it all. 30 bbls with a current market cap of $20 million ?

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Comment by Flight321 on Mar 30, 2017 2:33pm

Now do the math on what the future has in store with the vast amount of permitted drilling locations. 9.74% is a big stake within the Italian jurisdiction. Italy's policies are amongst the toughest in the world on E&P, and BRS has been approved.

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