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  • TEAM UP: BRS Resources, Aleanna Resources And Andiamo Resources 0 comments
    Sep 12, 2013 12:12 PM | about stocks: BRSOF

    Just threw up this latest press release from the guys over at BRS Resources.

    Looks like big things for all three companies in the next few months and years. Congratulations!!

    "DALLAS, TEXAS- September 12, 2013 - BRS Resources Ltd. (TSX VENTURE: BRS) is pleased to announce that AleAnna Resources, LLC ("AleAnna"), an Italian exploration company in which BRS holds a membership interest, has executed a participation agreement and non-exclusive seismic agreement with Andiamo Resources, LLC ("Andiamo"), a Colorado limited liability company.

    Under the terms of the agreements, Andiamo paid AleAnna a prospect/license fee and AleAnna will grant Andiamo a non-exclusive license to AleAnna's propriety 3D seismic data acquired in the Corte dei Signori permit area in the Po Valley of Italy, totaling approximately 32,000 acres (129 sq km). Andiamo will pay the costs to drill a well and in return will earn a beneficial working interest in a portion of the Corte Dei Signori permit.

    AleAnna will continue to operate the Corte dei Signori permit and anticipates drilling two exploration wells in 2014. Andiamo has a strong technical team, which will work with AleAnna's technical and operational personnel to develop drilling prospects. Further, Andiamo's entry into this market affirms AleAnna's use of 3D seismic technologies to explore for oil and gas reservoirs onshore Italy as a cost-efficient, technical-effective approach."

    Published by IR Smartt: Social Media for Investor Relations

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: BRSOF
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