BRS Resources

Last updated
BRS Resources Ltd.
FormerlyBonanza Resources Corporation
Type Public
Industry Oil and gas
Headquarters Dallas, Texas, U.S.
Key people
Steve Moore
Sioux Sinnott
Products Natural gas
Website www.brsresources.com

BRS Resources, Limited was a publicly traded, international exploration and production company headquartered in Dallas, Texas, and listed on the TSX Venture Exchange in Canada. The company is focused on building a European presence in the upstream oil and gas business, primarily natural gas production in Italy.

Contents

BRS Resources was actively pursuing opportunities in the Mediterranean Basin and North Africa, with its primary focus in Italy.

Italy has been a major gas-producing region in Europe since the late 1940s, with more than 4,300 wells drilled in several geologic provinces. The Po Valley is the most prolific gas basin in Italy with over 45 trillion cubic feet of gas recovered from high quality sandstone reservoirs at shallow depths. [1]

History

In February 2011, the company changed its name from Bonanza Resources Corporation to BRS Resources. [2]

BRS Resources' first entry into the European market was through the purchase of a membership interest in AleAnna Resources LLC, a privately owned company with a portfolio of oil and gas assets strategically located in the Po Valley and Bradano basins of Italy. In July 2010, the company announced it had acquired interests in AleAnna Resources, which has assembled a land position currently encompassing 804,000 acres (3,254 km2) in the Po Valley and Bradano basins of onshore Italy.

Corporate leadership

In June 2010, Steve Moore joined the Board of Directors of BRS Resources and became the President of BRS Resources.

Moore has more than 25 years of financial experience in the oil and gas industry, including a position as editor of an oil and gas technical publication and director of communications and strategic planning for Halliburton Company. He has an engineering degree and MBA from Southern Methodist University in Dallas, Texas. [3]

In February 2011, BRS Resources announced Sioux Sinnott as a Director of the company and as President of Bonanza Resources (Texas) Inc., a wholly owned subsidiary of BRS Resources Ltd. [4]

Sinnott has more than 35 years of international oil and gas experience and was instrumental in securing the membership interest in AleAnna Energy LLC, placing BRS Resources in the second-largest land position onshore Italy. Sinnott's area of expertise is project management. Prior to joining BRS, she was the president of Heartland Rig International (HRI) Inc., a global manufacturer of drilling rigs and equipment. She also held positions at Arco Oil and Gas, Exxon Neftegaz Limited, Nimir Petroleum and Petrosakh USA. She attended Southern Methodist University in Dallas.

Projects

Le Saline and Tre Ponti

In August 2006, the Tre Ponti and the Le Saline exploration permit applications were filed with the Ministry of Economic Development and subsequently published in the Official Bulletin of Hydrocarbons and Geothermal Resources No. L – 9. Awarding of both permits was expected in the fourth quarter of 2011.

Directly north of the Ponte del Diavolo and Corte dei Signori permits, the 742.8 km2 (286.8 sq mi) Tre Ponti and the 616.8 km2 (238.1 sq mi) Le Saline exploration permit applications are primarily located in the Veneto Region and some of the Emilia-Romagna Region.

Fantozza

In December 2010, the 102.4 km2 (39.5 sq mi) Fantozza exploration permit was awarded and published in the Official Bulletin of Hydrocarbons and Geothermal Resources LIV-12.

Found in the central Po Valley Basin, the Fantozza concession is a topographically flat area, typical of the Po Valley landscape, again, with exploration targets in the Miocene, Pliocene and Pleistocene turbidites. Deeper targets in the Mesozoic limestone may also be considered.

Molino

In July 2010, the 24.35 km2 (9.40 sq mi) Molino exploration permit was awarded, adjacent to the Cortemaggiore field, one of the oldest and largest existing fields in the basin, having produced nearly 12 million barrels of oil, 371 Bcf of natural gas and 80,000 barrels of condensate from 1949 to 1992 from several Miocene sands.

Ponte Del Diavolo

Northwest of the Corte dei Signori permit area, the Ponte del Diavolo permit was awarded on February 2, 2009. This permit covers an area of 199.80 km2 (77.14 sq mi) with natural gas exploration targets within the Plio-Pleistocene turbiditic sands of the Apennines foredeep. On trend with large existing gas fields, this makes for a very attractive permit area.

Acquisition of a new 3-D seismic survey is planned for 2011.[ needs update ]

Belgioiosa

In December 2010, the Belgioioso exploration permit covering 322.5 km2 (124.5 sq mi) in the Emilia Romagna Region and Lombardia Region was awarded and published in the Official Bulletin of Hydrocarbons and Geothermal Resources No. LIV-12.

Primary targets in Belgioioso block are located in the Miocene, Plio-Pleistocene turbiditic sands of the Apennines foredeep. Related to the final phases of the Apenninic orogeny, the traps can be either structural or mixed.

Bugia

In October 2010, the 197.8 km2 (76.4 sq mi) Bugia exploration permit was awarded and published in the Official Bulletin of Hydrocarbons and Geothermal Resources No. LIV – 10.

It is anticipated that in the Bugia block the likely hydrocarbon targets will again be located in the Miocene, Plio-Pleistocene turbiditic sands of the Apennines foredeep. Related to the final phases of the Apenninic orogeny, the traps can be either structural or mixed.

Ponte dei Grilli

Covering a surface of 258.45 km2 (99.79 sq mi) in the south-eastern region of the Po Valley, the Ponte dei Grilli exploration permit was awarded March 2009.

Also on trend with large existing fields, the exploration targets in the Ponte dei Grilli permit area are gas accumulations trapped in thrusted anticlines, stratigraphic pinch outs and structural features in the Plio-Pleistocene turbiditic sands located in the Apennines foredeep.

Corte dei Signori

In March 2008, the Corte dei Signori exploration permit was awarded.

Seeking a better definition of the existing hydrocarbon traps in the Plio-Pleistocene as well as older sections, the company acquired 130.00 km2 (50.19 sq mi) of high-resolution 3-D seismic in 2009. Utilizing this new data, several prospective areas in the block have been identified with the first well planned to be drilled in the first half of 2011.

In December 2011, BRS Resources announced that the drilling permit for the company's first well in Italy – the Gallare 6d – had been issued by the Italian Ministry of Economic Development. The permit was issued to the operator AleAnna Resources LLC, an Italian oil and gas exploration company in which BRS Resources owns a membership interest. At the same time, AleAnna finalized a land usage agreement with the landowner.

Related Research Articles

Geography of Italy Geographical features of Italy

Italy is located in southern Europe and comprises the long, boot-shaped Italian Peninsula, the southern side of Alps, the large plain of the Po Valley and some islands including Sicily and Sardinia. Corsica, although part of the Italian geographical region, has been administered by France since the 18th century. Italy is part of the Northern Hemisphere. Two of the Pelagie Islands are located on the African continent.

Trebbia

The Trebbia is a river predominantly of Liguria and Emilia Romagna in northern Italy. It is one of the four main right-bank tributaries of the river Po, the other three being the Tanaro, the Secchia and the Panaro.

Hydrocarbon exploration

Hydrocarbon exploration is the search by petroleum geologists and geophysicists for deposits of hydrocarbons, particularly petroleum and natural gas, in the Earth using petroleum geology.

Oil India Limited (OIL) is the second largest government owned hydrocarbon exploration and production corporation. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India, with its operational headquarters in Duliajan, Assam, India. The corporation is a Navratna with its offices in Noida, Uttar Pradesh, Guwahati and Jodhpur.

Western Canadian Sedimentary Basin

The Western Canadian Sedimentary Basin (WCSB) is a vast sedimentary basin underlying 1,400,000 square kilometres (540,000 sq mi) of Western Canada including southwestern Manitoba, southern Saskatchewan, Alberta, northeastern British Columbia and the southwest corner of the Northwest Territories. It consists of a massive wedge of sedimentary rock extending from the Rocky Mountains in the west to the Canadian Shield in the east. This wedge is about 6 kilometres (3.7 mi) thick under the Rocky Mountains, but thins to zero at its eastern margins. The WCSB contains one of the world's largest reserves of petroleum and natural gas and supplies much of the North American market, producing more than 16,000,000,000 cubic feet (450,000,000 m3) per day of gas in 2000. It also has huge reserves of coal. Of the provinces and territories within the WCSB, Alberta has most of the oil and gas reserves and almost all of the oil sands.

Oil and gas deposits in the Czech Republic are small, and located mainly in southern Moravia. Oil and gas exploration in this area started in the early years of the 20th century. The first commercial oil extraction was in 1919. In 2005 340,600 m³ of crude oil and 98.75 million m³ of natural gas was extracted.

Sirte Basin

The Sirte Basin is a late Mesozoic and Cenozoic triple junction continental rift along northern Africa that was initiated during the late Jurassic Period. It borders a relatively stable Paleozoic craton and cratonic sag basins along its southern margins. The province extends offshore into the Mediterranean Sea, with the northern boundary drawn at the 2,000 meter (m) bathymetric contour. It borders in the north on the Gulf of Sidra and extends south into northern Chad.

Cooper Basin

The Cooper Basin is a Permian-Triassic sedimentary geological basin in Australia. The basin is located mainly in the southwestern part of Queensland and extends into northeastern South Australia. It is named after the Cooper Creek which is an ephemeral river that runs into Lake Eyre. For most of its extent, it is overlain by the Eromanga Basin. It covers 130,000 km².

Fred Meissner

Fred F. Meissner was an American geologist and engineer who contributed to the fields of geology, geophysics, engineering, petroleum engineering, geochemistry, mineralogy, physics, mining, economic geology, and fishing.

Mountain West Energy, LLC is an American unconventional oil recovery technology research and development company based in Orem, Utah. It is a developer of the In-situ Vapor Extraction Technology, an in-situ shale oil extraction technology. The company owns 880 acres (3.6 km2) oil shale leases in the Uintah Basin, Uintah County, Utah.

Black Rock Mining Limited is an Australian mining company. It develops the Mahenge Graphite Project in Tanzania which is the world fourth largest graphite resource. Its chief executive officer is John de Vries.

Perenco is an independent Anglo-French oil and gas company with a headquarters in London and Paris. It conducts exploration and production activities in 16 countries around the globe.

Krishna Godavari Basin is a peri-cratonic passive margin basin in India. It is spread across more than 50,000 square kilometres in the Krishna River and Godavari River basins in Andhra Pradesh. The site is known for the D-6 block where Reliance Industries discovered the biggest natural gas reserves in India in 2003

Oxnard Oil Field

The Oxnard Oil Field is a large and currently productive oil field in and adjacent to the city of Oxnard, in Ventura County, California in the United States. Its conventional oil reserves are close to exhaustion, with only an estimated one percent of the original oil recoverable with current technology remaining: 434,000 barrels (69,000 m3) out of an original 43.5 million. However, the reservoir includes an enormous deposit of tar sands, ultra-heavy oil classed as an unconventional petroleum reserve, and potentially containing 400 million barrels (64,000,000 m3) of oil equivalent, should it become economically feasible to extract. Present operators on the field include Tri-Valley Oil & Gas Co., Anterra Energy Services, Inc., Chase Production Co., and Occidental Petroleum through its Vintage Production subsidiary. As of the beginning of 2009, there were 34 active wells on the field.

Canadian Natural Resources Canadian hydrocarbon exploration company

Canadian Natural Resources Limited, or CNRL or Canadian Natural is a Canadian company engaged in hydrocarbon exploration primarily in Western Canada, the United Kingdom sector of the North Sea, and offshore Côte d'Ivoire and Gabon. The company is headquartered in Calgary, Alberta.

Shale gas is natural gas produced from shale, a type of sedimentary rock. Shale gas has become an increasingly important source of natural gas in the United States over the past decade, and interest has spread to potential gas shales in Canada, Europe, Asia, and Australia. One analyst expects shale gas to supply as much as half the natural gas production in North America by 2020.

Zhao Wenzhi is a Chinese petroleum geologist and explorer who has made contributions to the theories and discoveries of lithology-related hydrocarbon accumulations with large scale, natural gas relaying generation in high to over mature geothermal evolutional stage, Jurassic coal measure-derived hydrocarbon reservoirs, and sag-wide oil-bearing distribution, etc. He is an academician of the Chinese Academy of Engineering. He is the President of PetroChina Research Institute of Petroleum Exploration and Development (RIPED), and Deputy General Manager of PetroChina Exploration & Production Company. Zhao was voted one of China's top 35 scientists in 2007 and ranked 14.

Persian Gulf Basin

The Persian Gulf Basin, is found between the Eurasian and the Arabian Plate. The Persian Gulf is described as a shallow marginal sea of the Indian Ocean that is located between the south western side of Iran and the Arabian Peninsula and south and southeastern side of Oman and the United Arab Emirates. Other countries that border the Persian Gulf basin include; Saudi Arabia, Qatar, Kuwait, Bahrain and Iraq. The Persian Gulf extends a distance of 1,000 km (620 mi) with an area of 240,000 km2 (93,000 sq mi). The Persian Gulf basin is a wedge-shaped foreland basin which lies beneath the western Zagros thrust and was created as a result of the collision between the Arabian and Eurasian plates.

Columbus Basin

The Columbus Basin is a foreland basin located off the south eastern coast of Trinidad within the East Venezuela Basin (EVB). Due to the intensive deformation occurring along the Caribbean and South American plates in this region, the basin has a unique structural and stratigraphic relationship. The Columbus Basin has been a prime area for hydrocarbon exploration and production as its structures, sediments and burial history provide ideal conditions for generation and storage of hydrocarbon reserves. The Columbus Basin serves as a depocenter for the Orinoco River delta, where it is infilled with 15 km of fluvio-deltaic sediment. The area has also been extensively deformed by series of north west to southeast normal faults and northeast to southwest trending anticline structures.

Geology of Italy Overview of the geology of Italy

The geology of Italy includes mountain ranges such as the Alps, the Dolomites and the Apennines formed from the uplift of igneous and primarily marine sedimentary rocks all formed since the Paleozoic. Some active volcanoes are located in Insular Italy.

References

  1. "AleAnna Taps IMC for Seismic Ops in Italy" . Retrieved 2014-02-19.
  2. "Bonanza Resources Corporation Changes Name To BRS Resources Ltd. And Launches New Website". Archived from the original on 2014-02-19. Retrieved 2014-02-19.
  3. "Bonanza Announces Appointment Of Steve Moore To Board Of Directors Of Bonanza Resources Corporation And President Of Bonanza Resources". Archived from the original on 2016-03-03. Retrieved 2014-02-19.
  4. "BRS Resources Appoints New Director And President Of Subsidiary". Archived from the original on 2014-10-06. Retrieved 2014-02-19.