The Conversation (0)
BRS Resources Ltd. (TSXV:BRS) announced that Po Valley Energy Limited carried out initial testing of the Quaternary gas bearing level of its Gradizza-1 exploration well. BRS is participating in the well through its membership interest in AleAnna Resources, LLC. AleAnna and PVE previously executed a farm-in agreement allowing AleAnna a 10% interest in the Gradizza prospect and La Prospera permit.
BRS Resources Ltd. (TSXV:BRS) announced that Po Valley Energy Limited carried out initial testing of the Quaternary gas bearing level of its Gradizza-1 exploration well. BRS is participating in the well through its membership interest in AleAnna Resources, LLC. AleAnna and PVE previously executed a farm-in agreement allowing AleAnna a 10% interest in the Gradizza prospect and La Prospera permit.
The Gradizza-1 well encountered good gas shows and a drilling break in the target Pleistocene-age sand interval. After coring and logging, operations confirmed the presence of a gas-bearing reservoir exceeding 33 ft (10 m) in thickness and 7-in. casing was run and cemented to a total depth of 3,372 ft (1,028 m). The well was perforated from 2,808 to 2,822 ft (856 to 860 m), gravel packed, and 2 3/8-in. production tubing installed
BRS Resources CEO Steven Moore said:
We’re pleased with the initial results of the Gradizza-1 well and look forward to additional testing to get a better gauge of production rates and ultimate recovery. What’s more significant for BRS and AleAnna Resources is that the Gradizza-1 well affirms the viability of a number of analogous drillable prospects on AleAnna’s neighboring Ponte del Diavolo permit.
Click here to read the BRS Resources Ltd. (TSXV:BRS) press release