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Bullboard - Stock Discussion Forum BRS Resources Ltd C.BRS

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

CSE:BRS - Post Discussion

BRS Resources Ltd > Onshore E&P Italy is to benifit...
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Post by Flight321 on Apr 04, 2017 9:18am

Onshore E&P Italy is to benifit...

"On 17 April Italians are called to vote in a referendum on the duration of existing oil and gas exploration and drilling concessions in territorial waters.

In it they are being asked whether or not to repeal a clause in the 2016 budget law allowing operating oil and gas fields to continue production until all resources have been used up.

The same law reintroduces a ban on new exploration and drilling within 12 nautical miles of the coast.

In the unlikely event that the quorum is reached and the yes vote prevails, companies already holding permits to prospect or drill within 12 nautical miles of the Italian coast will have to cease activities when their authorisations expire."

 

April 17th is not far away, and Italy signed the Mediteranian agreement yesterday. They need reserves to supply this line, and their best option will be their onshore natural gas reserves.
Comment by goforit59 on Apr 04, 2017 9:25am
Good post Flight321 BRS have a lot to offer and it is only a question of weeks before SP brings us to another level Cheers
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