DALLAS, TX--(Marketwired - May 12, 2015) - BRS Resources Ltd. ("BRS") (TSX VENTURE: BRS) is an international upstream oil and gas exploration and production company focused on the Mediterranean region, primarily onshore gas in Italy.
Through its ownership in AleAnna Energy LLC, which owns 100% of AleAnna Resources LLC ("AleAnna") in Italy, BRS is strategically positioned to exploit Italy's vast, untapped natural gas reserves. BRS, which owns 17% of AleAnna Energy LLC, acts as the operating partner for AleAnna in Italy. AleAnna holds nine exploration permits and four permit applications in Italy's Po Valley and Bradano basins, encompassing more than 800,000 acres (3,250 km2). To date AleAnna has acquired 86,000 acres (350 km2) of 3D geophysical data, making it Italy's largest owner of onshore 3D geophysical data in Italy.
AleAnna recently executed surface agreements on three well site locations and is currently negotiating for additional surface locations, as well as with drilling and geophysical surveying contractors, as part of its operational plan to drill three natural gas prospects in the coming year and add significant more 3D geophysical data to its existing portfolio.
AleAnna continues to prioritize human and capital assets to ensure its successful game-changing prospects are drilled and completed. Italy imports 91% of the country's natural gas consumption and politically desires energy independence. Recently approved Italian decrees and laws confirm the government's strategy to streamline the permit approval process which should results in faster approvals going forward which could provide positive impact to the country's economy.
For more details on these and other AleAnna projects and activities, please visit web site www.brsresources.com.
ABOUT BRS RESOURCES
BRS Resources Ltd. is listed on the TSX Venture Exchange under the symbol BRS. BRS is an upstream oil and gas exploration company focused on the Mediterranean region and, particularly onshore Italy. Currently, BRS owns a 17% interest in AleAnna. For further information, visit www.brsresources.com or follow BRS on Twitter @BRSresources and Facebook facebook.com/brsresources.
ABOUT ALEANNA RESOURCES, LLC
AleAnna is a Delaware (U.S.) limited liability company. AleAnna's interests are in Italy, where it is building a presence with nine exploration permits and three permit applications in the Po Valley and Bradano basins, encompassing more than 800,000 acres (3,250 sq km). AleAnna is owned by two experienced oil and gas exploration and production companies, including BRS. AleAnna's web site is www.aleannaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Steve Moore
President/CEO
Phone: 214 276-0373
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Disclaimer for Forward-Looking Statements
This press release includes certain "forward-looking statements." Forward-looking statements are statements or projections that involve various risks and uncertainties regarding future events related to BRS's, PVE's and/or AleAnna's plans, including the anticipated filing of the Production Concession Application in early February 2014. Actual results may differ materially from those currently anticipated due to a number of factors beyond the control of BRS, AleAnna, and PVE including any negative change in the law, regulatory or political environment which would negatively affect BRS's or PVE's ability to obtain permits necessary for drilling; BRS/AleAnna's lack of sufficient financing to proceed with proposed drilling; the continued price and demand for natural gas; BRS's ability to hire and retain personnel necessary to successfully operate its business; the speculative nature of natural resource exploration activities; changes in operating costs; changes in economic conditions and conditions in the resource, foreign exchange and other financial markets; changes in investments and exploration expenditure levels; litigation, legislation, environmental, judicial, regulatory, political and competitive developments in areas in which BRS operates; technological, mechanical and operational difficulties encountered in connection with the BRS' activities; and other risk factors detailed in BRS' various filings filed on SEDAR at www.sedar.com. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof and BRS disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, unless required by applicable law.