the italian opportunity for natural gas

Italian OpportunityJanuary 2013

BRS Resources is an international energy company actively pursuing opportunities in the Mediterranean Basin, with its primary focus in Italy.

Strong team with E&P and project management skills.

BRS’s first entry into the European market through AleAnna Resources LLC.• 8 permits & 3 applications-for-permits – 800,000 acres (1,400 km2)• Three large 3D geophysical surveys completed• Drilled first Italian well in March 2012

Leveraging operating experience, business relations, and political connections into new BRS Resources opportunities.

BRS Resources

Favorable commodity pricing

Highly import dependent – 90% gas; 85% oil

Po Valley basin is Europe’s 2nd largest onshore gas province

Substantial oil & gas reserves remaining

Infrastructure in place – extensive national grid

Favorable fiscal regime; contained royalties; proactive Italian government

New regulations allow for sale of working interest in wells/concessions

Why Italy

Statistics from World Bank Commodity Price Data - Jan 2012

Average Natural Gas Prices ($/mcf)

U.S.U.S. U.S.U.S. U.S.U.S.

ItalyItaly ItalyItaly ItalyItaly

Italy Recoverable Reserves vs Annual Production

Italy Consumption vs Domestic Production

Statistics from BP Statistical Review of World Energy June 2012

Gas Sources

Italy Exploration Wells

Italy Pipeline Grid

Santerno

Amelia Mare

Porto Garibaldi-Agostino

Armida

Ada 2dir

Gaia 1

Chioggia Mare 1

Dorotea 1

Aida 1

Giuditta 1

Attila 1

Donatella 1

Ilaria 1

Fabiola 1

Agnese 1

Rebecca 1

Donatella Ovest 1

Marradi 1

Irma-Carola

Mariangela 1a

Adele 1

Azzurra 1

Montalbano-Malalbergo

Collecchio

Vigatto

Traversetolo

San Bartolomeo

Cusano Milanino

Marzeno

Poggio Rusco

Seregna

Cernusco

Tribiano

CaleppioPandino

Gandini

Agnadello

Premenugo

Brazzuto Castellazzo

Conterico 1

Ripalta

Cremona Sud

Reggio Emilia

Rubiera

Bertolani 1

Scandiano

Portile

San MartinoMuratori

Cotignola

San Potito

13 Bcf (4 wells)

112 Bcf (27 wells)Sergnano

Brugherio

Merlino

Lambrate

Budrio Est

Gallignano 2Soncino

Orzivecchi

Ovanengo

Orzinuovi

San Gervasio 1

Piadena Ovest

Piadena Est

Rottofreno

Castel San Giovanni 1

QuartoPontenure

Colombarola

CortemaggioreBusseto

Malossa

Romanengo

Pomposa

Manara

Minerbio

Selva

8 Bc f (2 wells )

Trenzano 1 Maclodio

Montirone

Bagnolo Mella

Leno

Bordolano

Medesano

Monte Cantiere

Vetta

Rio Lombasino

Rio Fontane

Monte delle Vigne

Poggio Castione Corniglio 1

Valparola

Rio Ferdane

Fontevivo-BellenaPriorato 1

Ghiara 1d

Podenzano-San Giorgio Piacentino

Salsomaggiore

Spilamberto

Gaggiano

Linarolo 1

Robecco 1

Casteggio

Settala

CignonePessa

Barzaniga

Oltolina

Soresina

CaviagaCornegliano

Pontetidone

Torrente Riglio 1

Porporano 1

Palazzetto 1

Rivalta 1d

Formigine 1

Solignano 3

Castelvetro 1

Quadrelli 1

Rallio

Montechino-Velleja

Ozzano-Vizzola

Vallezza

Torrente Baganza

Ca Dell'Onesta 2

Medola

Ca Boldrini

Barigazzo

Trignano

Grecchia

Ca Bellavista

Salgastri

Bombiana

Gaggiola

Molinazzo

Pietramala

Castel dell'Alpi

Bova

Imola

Ravizza 1

San Giovanni 1

Bagnolo In Piano

Correggio

San Giacomo 1

Cavone

Muzza

Poggetto

San Pietro in Casale

Monestirolo

Vignola 1

Sabbioncello

MigliarinoBottoni

Gallare

Grignano Polesine

Villadose

Agosta 1dir

Vallezzetta

Tresigallo

Porto Verrara

Travasona 1

Longastrino 2

Bando

Alfonsine

San Savino

Valle Dane

Abbadesse 1dir

Cesenatico Mare

Morena

Ravenna

RavennaMare Sud

Angela/Angelina

366 Bcf (18 well s)

34 Bcf (3 wells)Baldina

Ravenna Mare-Punta Marina

150 Bc f (15 wells)

Porto CorsiniZorabini

Porto CorsiniMare Ovest

881 Bcf (29 well s)

Tre Motte Dossodegli Angeli

1,100 Bcf (32 well s)

Diana74 Bcf (3 wel ls)

Antares39 Bcf (12 wel ls)

Morgana 1

Porto CorsiniMare Sud

Porto CorsiniMare Est

957 Bcf (66 wells)

Cervia/Arianna765 Bcf (48 wel ls)

Anemone

Canonica d'Adda 1

Longanesi 1

Vallicella

Montalbano

46 Bcf (7 wells)

52 Bcf (16 wells)

127 Bcf (30 wells)

34 Bcf (20 wel ls)

13 Bcf (1 well)

6 Bcf (2 wel ls)

5 Bcf (10 wel ls)

38 Bcf (3 wells)

131 MMcf (1 wel l)

50 MMcf (1 well)

1 Bcf (2 wells) 855 MMc f (1 wel l)

27 Bcf (2 wells)1.5 Bcf (1 wel l)

0 MMcf (1 well)

4.4 Bcf (2 wells)

438 MMcf (1 wel l)

2.6 Bcf (3 wel ls)

600 MMcf (3 wel ls)

4 Bcf (4 wel ls)

98 MMcf (2 wel ls)

23 Bcf (5 wells)

26 Bcf (3 wells)

159 Bcf (11 wells)

7.7 Bc f (3 wells)

4 Bcf (12 wells)

Good Gas (to much H2S)

203 MMBO + 71 Bcf (29 wel ls)

(4 Wel ls)0 MBO + 0 MMcf

(1 Well)0 MBO + 0 MMcf

(4 Wells)2,370 MBO + 260 MMcf



(11 Wells)9 Bcf + 30 MBO

(10 Wel ls)26 MMBO + 171 Bcf

(1 Well)3 Bcf + 41 MBO

(1 Well )0 MBO + 0 MMcf


(1 Wel l)0 MBO + 0 MMcf

106 Bcf (15 wel ls)

159 Bcf (11 wel ls)


260 MMc f (3 wel ls)

766 MMc f (3 wel ls)

429 Bcf (54 wells)

98 Bcf (12 wells)

21 Bcf (5 wells)

5.3 Bcf (10 wells)

2.5 Bcf (2 wells)




671 MMcf (2wells)


(62 Wells)70 MBO + 4 MMcf

385 MMcf (1 well)


(57 Wells)535 Bcf + 11,920 MBO



(160 Wells )520 MBO + 600 MMcf

(1 Well )0 MBO + 0 MMcf




117 MMcf (3 wel ls ) (1 Well )Tstd 695 Mcfd

(3 Wel ls)120 MBO + 1 Bcf


632 MMcf (1 well)









75 MMcf (1 well)

11 Bcf (3 wells)

1.7 Bcf (1 well)

363 Bcf + 1 MMBO (28 wells)





402 MMcf (5 wel ls)

(169 Wells)1,040 MBO + 2,699 MMcf

(1 Wel l )0 MBO + 0 MMcf







(4 Wells )0 MBO + 0 MMcf


(?? Wel l)0 MBO + 8 MMcf

(16 Wells)? MBO + ? MMcf

3 Bcf (? Wells)

(19 Wel ls)20 Bcf est

(11 Wel ls)? MBO + ? MMcf

(4 Wells )? MBO + ? MMcf 777 MMc f (1 Well )

(?? Wel ls)2.6 Bcf + 130 MBO


(1 deep Well)0 MBO + 0 MMcf


(2 deep Wells)0 MBO + 0 MMcf

255 Bcf (32 wells)


(20 deep Wells)15.7 MMBO + 2 Bcf

2.5 Bcf (3 wells)

1.8 Bc f (1 wel l)

848 MMcf (1 wel l )

18 Bcf (14 wells)

13 Bcf (15 wells)

84 Bcf (17 wells)

440 Bcf (81 wells)

706 MMcf (2 wells)

35 Bcf (1 well)

90 Bcf (10 wells)

69 Bcf (10 wells)

4.5 Bcf (1 well)

5.5 Bcf (1 well)

12 Bcf (4 wells)



318 MMcf (1 well)

(1 Well)NEW FIELD DISCOVERY


693 MMcf (3 wel ls)

1.8 Bcf (5 wells)

307 Bcf (23 wells)

2.9 Bcf (1 well)

88 MMcf (7 wells)

1 Well - 15 MMcfd, 3 zonesNEW FIELD DISCOVERY

616 MMcf (4 wel ls)

1.6 Bcf (1 well)

796 Bcf (44 wells)

2.6 Bcf (2 wells)

777 MMcf (2 wells)

(1 Well - NON-COMMERCIAL)0 MMcf + 0 MBO

(2 Wel ls - FARO 10 MMcfd)NEW FIELD DISCOVERY

(2 Wells - Est 100 Bcf)NEW FIELD DISCOVERY

30 Bcf (7 wells)

78 Bcf (13 wel l)

in a deep test(2 zones - Deemed limited reserv oir)

Tstd 1,628 Mcfd Shallow

1 Well - 20 MMcfdNEW FIELD OFFSET

29 Bcf (5 wells)

31 Bcf (5 wells)

12 Bcf (16 wells)

100 MMcf (1 wel l )

28 Bcf (4 wells)

318 Bcf (1 well)

GENOA

MARINA DI CARRARARICCIONE

RIMINI

VIGEVANO

LA SPEZIA

CESENA

MESTRE

CREMA

LODI

CREMONA

PIACENZA

PAVIA

BRESCIA

TREVIGLIORHO

TREZZO SULL ADDAMONZA

PADUA

LONIGO

VICENZA

PARMA

TORTONA

REGGIO NELL' EMILIA

CERVIA

FORLI

ROVIGO

PALAZZOLO SULL'OGLIO

MANTUA

VERONA

MODENA

VENICE

BOLOGNA

RAVENNA

FERRARA

FANTOZZA

MOLINO

BUGIA

BELGIOIOSOTRE PONTILE SALINE

PONTE DEI GRILLI

PONTE DEL DIAVOLO

CORTE DEI SIGNORI

EASTERN AREA

CENTRAL AREA

WESTERN AREA

Po Valley Index Map LegendARLLC PERMITSARLLC APPLICATIONSGAS FIELDSOIL FIELDOIL & GAS FIELDCITIESCOAST LINESRIVERSROADS

Po Valley Index Map LegendARLLC PERMITSARLLC APPLICATIONSGAS FIELDSOIL FIELDOIL & GAS FIELDCITIESCOAST LINESRIVERSROADS

METERS

0 8,000 16,000 24,000

PETRA 1/4/2011 3:46:30 PM

Po Valley Production

AleAnna Permits

AleAnna Applications for Permit

Examples of Italian Opportunities

Offshore prospect27 bcf in proven reserves

Exploration well to spud May 1

Onshore prospect 40 bcf in potential reserves

Existing production

Italian Opportunity

Acquire up to a 25% working interest in Po Valley

Energy’s 26,000-acre La Prospera licensed area in

northern Italy’s Po Valley.

Participate in drilling the Gradizza prospect

• 3,300 ft (1,000 m) low-risk test

• Best case prospective resources (unrisked) – 9 bcf

• $12 per Mcf gas

• Well to spud in 90 to 180 days Additional La Prospera prospects

• Pioppette – best case prospective resources

(unrisked) – 12.6 bcf

• Capitello – best case prospective resources

(unrisked) – 9.3 bcf

GRADIZZA

Gradizza Well

Depth map of seismic anomaly

Well control data/logs

Close proximity to

pipeline

Gradizza seismic line

Steven D. Moore – President/CEO, BRS ResourcesMoore has more than 35 years of financial, operational, marketing and communication experience. He held a number of other positions in the energy industry, including director of communication and strategic planning for Halliburton Company. He holds a BS degree in Mechanical Engineering and an MBA from Southern Methodist University in Dallas, Texas.

Sioux Sinnott – President, Bonanza Resources & AleAnna ResourcesSinnott serves as president of Bonanza Resources Inc., a wholly-owned subsidiary of BRS Resources Ltd., as well as president of AleAnna Resources. Sinnott has over 35 years of international oil and gas experience. Previously she was the president of Heartland Rig International (HRI) Inc., a global manufacturer of drilling rigs and equipment. Before founding HRI, she held positions at Arco Oil and Gas, Exxon Neftegaz Limited, Nimir Petroleum and Petrosakh USA. Her expertise is in project management and she attended Southern Methodist University in Dallas, Texas.

Richard Green – Sr. Technical Advisor/Director, BRS ResourcesGreen has over 39 years of experience in the oil and gas industry. He was senior vice- president of LaRoche Petroleum Consultants Ltd., a private Texas oil and gas consulting corporation. He has worked for Shell Oil Company and several independent oil companies and founded his own exploration and production firm. Green is a graduate from Kansas State University with a BS degree in Geology.

Michael Noonan – CFO, BRS ResourcesNoonan also serves on the management team of Sky Petroleum, Inc. Noonan has held in senior positions at Integrated Electrical Services and Sterling Chemicals. He has gained experience with a variety of public entities on all the major exchanges including NYSE, Nasdaq and AMEX. He received a MBA from Athabasca University in Alberta, Canada, and a BA in Business Administration from Simon Fraser University in British Columbia, Canada and executive JD degree from Concord University School of Law.

Management Information

• Fred Hoffman, Bluescape – Technical Advisory Committee / Seismic Consultant

• Richard Green, BRS – Technical Advisory Committee / Reservoir Geologist• Mark Lober – Consulting Geophysicist - CdS• Frank Limouze - Consulting Geophysicist – PdD • Bill Marshall – Consulting Geophysicist – PdG• Sam Limerick – Consulting Geologist / Geotech / GIS• Andrew Walker – Contract - Data Storage Coordinator• GE Plan – Italian Technical Consultant• GeoIdea – Italian Technical Consultant• Martin Bunt – Consulting Seismic Project Manager• John Hughett – Consulting Drilling Engineer

Technical Team

http://irsmartt.com/

the italian opportunity for natural gas

Investor Relations

case prospective resources

bs degree

mbo

2011 annual reportdepartment

italy ministry

2 wel ls

4 wel ls

energy