BRS Resources Ltd. (TSXV:BRS) provided a corporate update detailing upcoming operational plans and activities including drilling in the Po Valley, 3D geophysical surveys on its Fantozza permit, and establish operational partner AleAnna’s first gas production in Italy.
As quoted in the press release:
Upcoming operational activities include:
- Drill three exploration wells in the Po Valley. AleAnna has applied for drilling permits for the Trava-2 prospect on the Corte dei Signori permit area and Tombellina prospect on the Ponte del Diavolo permit area….
- Commission four new high-resolution 3D geophysical surveys. AleAnna has submitted an application for a 3D geophysical survey on its Fantozza permit and is preparing applications for Bugia and the eastern portion of the Ponte dei Grilli permit areas. AleAnna will acquire additional data on the Ponte dei Grilli permit where analysis the first 18,780 acres (76 km2) of data generated at least five drillable prospects. AleAnna has already received approval from the Italian government for the Belgioioso survey.
- Establish AleAnna’s first gas production in Italy. AleAnna holds a 10% interest in Po Valley Energy’s (PVE) Gradizza-1 exploration well, which was drilled, tested and completed in late 2013. PVE has filed for a production permit for the well and is working on surface facilities and pipeline hookup while awaiting government approval.
BRS Resources President and CEO, Steve Moore, said:
The newly elected Italian government, which won a sweeping mandate in last month’s elections, is committed to pro-business reforms, including changes in its energy policies that will expedite oil and natural gas exploration and production activities. We are prepared to move as quickly as the Italian government will allow to explore and exploit the attractive prospects imaged with our geophysical programs.