Back
 

Company Overview

actively involved in Italy’s upstream oil and natural gas industry

BRS Resources Ltd. is an upstream oil and gas exploration and production company, publicly traded on the TSX Venture Exchange under the symbol BRS. The company is focused on establishing a European presence in the upstream oil and gas business, primarily natural gas production 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 9.74% 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 holds nine exploration permits and four permit applications in Italy’s Po Valley and Bradano basins, encompassing more than 800,000 acres (3,250km2). To date AleAnna has acquired 86,000 acres (350km2) of 3D geophysical data, making it the largest owner of onshore 3D geophysical data in Italy. Part of AleAnna’s operating strategy is to use the high-resolution 3D seismic technologies to image subsurface hydrocarbons to more efficiently assess high-grade prospects while reducing environmental impact and risk. By pioneering the use of 3D seismic technology onshore Italy, and with numbers exploration permits already issued, AleAnna and BRS are well positioned to provide significant growth in reserves, production and ultimately shareholder value.