brs resources april operational update
TRANSCRIPT
Italian OpportunityApril 2013
BRS ResourcesUnlocking Italy’s Onshore Oil & Gas Potential
BRS Resources (TSX.V: BRS), an
upstream oil and gas exploration
company focused on the Mediterranean
region and in particular onshore Italy,
owns a membership interest in AleAnna
Resources, one of the largest
independent oil and gas exploration and
production companies operating in Italy.
AleAnna has built a presence in Italy
with eight exploration permits and three
applications permits in the Po Valley
and Bradano basins, encompassing a
total of 804,000 acres. In the Po Valley,
AleAnna holds seven exploration
permits and two applications for permits.
Po Valley
Bradano Basin
PO VALLEY
ITALY
AleAnna ResourcesPo Valley Permit Areas
AleAnna ResourcesEastern Po Valley Permit Areas
AleAnna has now completed three 3D seismic surveys covering portions of three permit
areas in the eastern Po Valley – Corte dei Signori, Ponte del Diavolo, and Ponte dei Grilli. With
surveys covering more than 87,000 acres (353 sq km), AleAnna is the leading onshore
company in Italy in gathering, processing and interpreting 3D seismic data using advanced
geophysical technologies. This data has identified numerous drillable prospects and leads
with excellent reserve potential and compelling expected economics.
3D Seismic Inventory
Corte dei Signori – 33,606 acres (136 sq km)
Ponte del Diavolo – 34,842 (141 sq km)
Ponte dei Grilli – 18,286 (76 sq km)
AleAnna also has two applications for permit areas – Le Saline and Tre Ponti – in eastern Po Vally,
pending Italian government approval.
AleAnna ResourcesCorte dei Signori
Corte dei Signori 3D Survey 33,606,acres (136 sq km)
Corte dei Signori Prospect Inventory
(Jan. 2013)
The exploration permit was awarded on March 28, 2008.
In 2009 the company acquired 33,606 acres (136 sq km) of high resolution 3D seismic. This data allows a better definition of the existing hydrocarbon traps in the Plio-Pleistocene age and older rock sections. Based on these new data AleAnna’s technical group has identified several prospective areas in the block.
The Company drilled its first well on the permit area in March 2012 and was deemed commercially unsuccessful. The Company plans to submit additional drilling applications.
Corte dei Signori – Fast Facts
Awarded March 28, 2008
Surface Area 61,282 acres (248 sq km)
3D Seismic Acquired 33,606 acres (136 sq km)
3D Seismic Reprocessing
PSTM / PSDM Completed
AVO Near Completion
Prospect Inventory In Process
Interpretation Ongoing
Drilling Plan Q2 2014
AleAnna ResourcesPonte del Diavolo
The Ponte del Diavolo exploration permit, with an areal extent of 49,421 acres (199 sq km), was awarded on February 2, 2009 and is located to the west of AleAnna’s Corte dei Signori permit. The exploration targets in this area are the accumulations of gas within the Plio-Pleistocene age turbiditic sands of the Apennines foredeep. This block is on trend with large gas fields, making this exploration permit very attractive.In 2011 the company acquired 34,842 acres (141 sq km) of high resolution 3D seismic data. Based on these new data AleAnna’s technical group has identified several prospective areas in the block. The Passioncella prospect, in the northeast corner of the permit area, will be the most likely candidate for the first well to be drilled in the permit area.
Ponte del Diavolo – Fast Facts
Awarded February 2, 2009
Surface Area 49,421 acres (199 sq km)
3D Seismic Acquired 34,842 acres (141 sq km)
3D Seismic Reprocessing
PSTM / PSDM Completed
PSDM reprocessing In Progress
AVO In Progress
Prospect Inventory In Process
Interpretation/Permitting In Progress
Drilling Plan Q1 2014
Po Valley Energy’s permitted exploration well, Gradizza, is located just north of Passioncella.
Ponte del Diavolo 3D Survey 34,842 acres (141 sq km)
Approximate Well Location for the
Passioncella Prospect
AleAnna ResourcesPonte dei Grilli
The Ponte dei Grilli exploration permit was awarded on March 30, 2009. This exploration permit extends over a surface of 258 sq km in the south-eastern part of the Po Valley, and it is on trend with large gas fields.The exploration targets in this area are the accumulations of gas within the Plio-Pleistocene age turbiditic sands of the Apennines foredeep. Hydrocarbons are trapped in thrusted anticlines, structural features and stratigraphic pinch outs.In 2012 the company acquired 76 sq km of high resolution 3D seismic. Castelnuovo is a top prospect in the permit area. A proposed 2,200-meter Pliocene test has 76 bcf (2.15 B m3) of potential in a 900-acre amplitude on the southwest side of the Contignola anticline and analogous structurally to a 46 bcf (1.3 B m3) area field.
Ponte dei Grilli – Fast Facts
Awarded March 30, 2009
Surface Area (258 sq km)
3D Seismic Acquired (76 sq km)
3D Seismic Reprocessing
Brute stack Completed in August 2012
PSTM / PSDM Completed in December 2012
AVO In Progress
Prospect Inventory In Process
Interpretation/Drilling Permits In Progress
Drilling Plan Q2 2014
Ponte dei Grilli3D Survey (76 sq km)
CastelnuovoProspect
San Potito Field46 bcf (7 wells)
Contignola Field52 bcf (16 wells)
Head Office
5910 North Central ExpresswaySuite 1250Dallas, Texas 75206Phone: 214 699 9470Fax: 214 361 [email protected]
http://brsresources.com
BRS ResourcesUnlocking Italy’s Onshore Oil & Gas Potential
Head Office
401 Congress AveSuite 1540Austin, Texas 78701Phone: 512 487 7990Fax: 512 681 [email protected]
http://irsmartt.com