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BRS Resources Ltd. confirmed that AleAnna Resources LLC, the company's Italian operator, has completed a 3-D geophysical data acquisition survey on the Ponte dei Grilli permit area in the Po Valley of Italy.
AleAnna now turns its operational emphasis from data acquisition to drilling. Numerous drilling prospects have been identified from processing and interpreting 3-D geophysical data acquired during recent surveys. A number of applications for drilling permits will be filed with the Italian government beginning in September.
AleAnna has completed three large-scale 3-D geophysical surveys, acquiring more than 100,000 acres (400 sq km) of data in northern Italy and developing the largest portfolio of 3-D geophysical data for onshore Italy. The processed and interpreted data is critical in identifying and mapping large, drillable subsurface geological structures containing commercial quantities of hydrocarbons.
"We are very excited with the drilling prospects generated by AleAnna's exploration program," commented Steven Moore, president and CEO of BRS Resources. "We expect the pace of our E&P activities to increase substantially in the coming months as Italy's current political climate continues to improve. The current government led by prime minister Mario Monti has passed a growth package that includes legislation aimed at doubling Italy's domestic oil and gas production."