BRS Resources Increases Interest in Italian Energy-Related Assets

- October 6th, 2011

BRS Resources Ltd. (TSXV:BRS) has jointly acquired an additional 20% interest in AleAnna Resources LLC.

BRS Resources Ltd. (TSXV:BRS) has jointly acquired an additional 20% interest in AleAnna Resources LLC.

As quoted in the press release:

AleAnna Resources is one of the largest independent oil and gas exploration and production companies operating in Italy. AleAnna has eight “Exploration Permits” and three “Applications for Exploration Permits,” totaling more than 800,000 acres (3,250 sq km). The majority of the acreage is located in Italy’s prolific Po Valley, Europe’s second largest onshore gas province, where 27 trillion cubic feet of natural gas (Tcf) have been produced and where significant infrastructure is already in place.

BRS’s President and CEO, Steve Moore stated:

“BRS is pleased that AleAnna Energy has completed this transaction with Saxon. For BRS, it strengthens our position in Italy, an area of the world with upside in natural gas exploration and production,”

Click here to read the BRS Resources Ltd. (TSXV:BRS) press release

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