BRS Resources Ltd C.BRS

The offshore drilling ban is already in place....

[Flight321]

The referendum will decide whether the existing offshore production will be allowed to continue production until the reserves are depleted. Drilling has been stopped within the 12 nautical miles of Italy's coastline effective January 2016.

This all sets up for a perfect storm, or a land race, to be able to supply the Mediteranian agreement. All JMO, but at some point one of the major's like Repsol, Total EP, or someone of that stature signs an offtake with Aleanna to fast track their reserves.

[vendy007]

Not quite the way it works. No major will step in until the properties are proven. One well does not do that.. the agreement is years away and may not happen. the only thing that moves this thing is more excellent results in a timely fashion. this market beats up delays and lack of concise information I see potential for cheaper days ahead "imho"

[Flight321]

vendy007 wrote: Not quite the way it works. No major will step in until the properties are proven. One well does not do that.. the agreement is years away and may not happen. the only thing that moves this thing is more excellent results in a timely fashion. this market beats up delays and lack of concise information I see potential for cheaper days ahead "imho" 007, it appears Royal

[Goldy63]

This post has been removed in accordance with Community Policy

[vendy007]

You only get royalties on production and actual sales.. Likely 90 days after the sale although agreements are all different.. You dont usually get royalties on well testing rates.. Just my opinion.

[Flight321]

Ah yes, another one focussed on a tree, kind of like lumber9 yesterday. You found a nickel then turned around and ran back to the candy store to spend it. If you would have only taken a few more steps, you might have found a toonie.

[vendy007]

yes yes.. the forest is burning its red.... not growing green.... down again