BRS Resources Announces Completion of Gradizza Exploration Well
Published : August 29, 2013
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Keywords :   Italy | Natural Gas | Oil |

DALLAS, TX--(Marketwired - August 29, 2013) - BRS Resources Ltd. (TSX VENTURE: BRS) is pleased to announce a positive well log results following the drilling of the Gradizza-1 exploration well in the La Prospera permit operated by Po Valley Energy ("PVE"). BRS is participating in the well through its membership interest in AleAnna Resources LLC. As previously announced, AleAnna and PVE executed a farm-in agreement which allowed AleAnna to earn a 10% interest in the Gradizza prospect and La Prospera permit.

The well has reached total depth of 3,478 ft (1,030 m) and PVE completed logging operations and confirmed the identification of a gas-bearing zone in the primary target area of the Quaternary sand. The well intersected a 33-ft (10-m) gross gas column, with 30 ft (9 m) of net gas sand. PVE has elected to run casing, complete the well and start the production test. Upon evaluation of the test results, production rates will be finalized and reported.

AleAnna Resources holds a large acreage position onshore Italy with nine exploration permits and three permit applications in the Po Valley and Bradano basins, totaling more than 800,000 acres.

ABOUT BRS RESOURCES LTD.

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 in particular onshore Italy. BRS's web site is www.brsresources.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 the Company's and/or AleAnna's plans. Forward-looking statements in this news release include statements regarding: (i) AleAnna's proposed drilling prospects and the estimated timing of same; (ii) AleAnna's reserve potential and expected economics; (iii) AleAnna's discussions with working-interest partners and participation by other parties in the exploration of its projects; and (iv) AleAnna's future drilling goals generally. Actual results may differ materially from those currently anticipated due to a number of factors beyond the control of the Company and AleAnna. These risks and uncertainties include, among other things, any negative change in the law, regulatory or political environment which would negatively affect BRS/AleAnna'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 the operating costs, changes in economic conditions and conditions in the resource, foreign exchange and other financial markets, changes in the 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 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.



For further information, please contact
Steven Moore
214.276.0373
Email Contact

Data and Statistics for these countries : Italy | All
Gold and Silver Prices for these countries : Italy | All

BRS Resources Limited

DEVELOPMENT STAGE
CODE : BRS.V
ISIN : CA05572T1030
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BRS Resources is a exploration company based in Canada.

BRS Resources develops coal in USA, and holds various exploration projects in USA.

Its main asset in development is TEXANNA COAL BED METHANE in USA and its main exploration property is WORTH PROSPECT in USA.

BRS Resources is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 4.4 millions as of today (US$ 3.2 millions, € 2.9 millions).

Its stock quote reached its highest recent level on June 05, 2009 at CA$ 1.00, and its lowest recent point on August 19, 2016 at CA$ 0.02.

BRS Resources has 124 880 000 shares outstanding.

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Annual reports of BRS Resources Limited
Annual Report 2007
Financings of BRS Resources Limited
3/29/2013Announces Closing of $1,000,000 Convertible Note Issuance
Nominations of BRS Resources Limited
3/13/2011Announces Italy Operations Manager
2/23/2011Appoints New Director and President of Subsidiary
2/22/2011Appoints New President and CEO
Project news of BRS Resources Limited
9/29/2012Check out BRS Resources (TSX.V - BRS.V)
Corporate news of BRS Resources Limited
5/20/2016Hello world!
8/18/2015AleAnna Wins Approval of Environmental Impact Assessment for...
6/17/2014BRS Resources Provides Operational Update
10/23/2013Announces Drilling Prospects and Permit Application
9/12/2013Announces Partner in Italy Prospect
8/29/2013Announces Completion of Gradizza Exploration Well
7/11/2013Announces Letter of Intent
5/9/2013to Participate in Drilling Gradizza Exploration Well
2/16/2011Changes Name to BRS Resources Ltd. and Launches New Website
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