BRS Resources announcea that Po Valley Energy completed well testing of its Gradizza-1 discovery well. On November 20, the well tested natural gas at a stabilized rate of 696,000 cubic feet per day with 492 psi flowing tubing pressure on a ¼-inch choke.
1. FOR IM M EDI AT E R ELE ASE
BRS RESOURCES ANNOUNCES GRADIZZA WELL TEST RESULTS
DALLAS, TEXAS–December 04, 2013: BRS Resources Ltd. (“BRS”) (TSX.V: BRS) is pleased to
announce that Po Valley Energy (“PVE”) completed well testing of its Gradizza-1 discovery well.
PVE drilled and tested the well in Septemberand scheduled additional tests in November. On
November 20, the well tested natural gas at a stabilized rate of 696,000 cubic feet per day with
492 psi flowing tubing pressure on a ¼-inch choke. No formation water, pressure decline, or gas
impurities were recovered during testing and the bottom-hole pressure measured was
approximately 1,200 psi. The well is currently shut-in, waiting on installation of surface facilities,
pipeline hookup, and regulatory approvals. BRS holds an interest in the Gradizza well through its
membership in AleAnna Resources, LLC.
The Gradizza-1 well, in which AleAnna owns a working interest, is located in PVE’s La Prospera
permit, which is north and adjacent to AleAnna’s Ponte Del Diavolo permit. During the drilling
phase, the Gradizza-1 wellencountered 33 feet (10 m) of gas-bearing sands at an approximate
depth of 3,372 ft (1,028 m). In addition, the Gradizza-1 well served as a stratigraphy test for
AleAnna’s look-alike prospectslocated within 3 miles (5 km) southwest of the well. By using the
Gradizza-1well data, AleAnna can more accurately interpret and target similar-looking pay
horizons in its prospects.An added advantage for AleAnna is that all of AleAnna’s prospects have
been surveyed with 3D seismic technology, which greatly enhances AleAnna’s ability to image
geological structures and anomalies. Further, AleAnna’s prospects, as well as the Gradizza-1
well, are on trend with a number of nearby producing natural gas fields, including the
Sabbioncelloand Tresigallofields, which have produced more than 90 and 68 Bcfof natural gas,
respectively.
BRS president and CEO Steve Moore commented, “Gradizza was an important well for AleAnna
and BRS in establishing production in Italy and in broadening and quantifying our prospect
portfolio in our adjacent Ponte del Diavolo permit. We are pleased with the Gradizza test data,
which is in line with our pre-drill expectations and economic modeling. We are also pleased with
the operational progress made by our Gradizza wellpartner and operator, Po Valley Energy.”
ABOUT BRS RESOURCES
BRS Resources 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, particularly
onshore Italy. Currently, BRS owns a 17.5% before payout and 25% after payout interest in
AleAnna Resources. BRS’s web site is www.brsresources.com.
ABOUT ALEANNA RESOURCES LLC
AleAnna is a Delaware (U.S.) limited liability Company. The Company’s interests are in Italy,
where it is building a presence with nine exploration permits and three permit applications in the
Po Valley and Bradano basins, encompassing more than of 800,000 acres (3,250 sq km).
AleAnna Resources, LLC is owned by three experienced oil and gas exploration and production
companies, including BRS Resources. AleAnna’s web site is www.aleannaresources.com.
5910 North Central Expressway, Suite 1250 | Dallas, Texas 75206 | 214 6999470 |www.brsresources.com
2. ON BEHALF OF THE BOARD OF DIRECTORS
Steve Moore
President/CEO
Phone: 214.276.0373
For further information, please contact Steven Moore at 214.276.0373 or by email at
smoore@brsresources.com.
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 discussions with working-interest partners and participation by
other parties in the exploration of its projects; and (iii) 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.
5910 North Central Expressway, Suite 1250 | Dallas, Texas 75206 | 214 707 3541 | www.brsresources.com