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BRS Resources – European Answer to Russian Natural Gas Imports

BRS Resources Ltd.


BRS Resources Ltd. (TSXV:BRS) is an international oil and gas exploration and production company headquartered in Dallas, Texas, focused on establishing a European presence in the upstream oil and gas business, primarily natural gas production in Italy. With ongoing uncertainty regarding Russian natural gas supplies, European countries are rapidly developing alternative sources.


Investment Highlights

  • 800,000+ acres
  • 40+ prospective wells
  • World class partners
  • Europe’s second largest onshore gas province
  • Favorable commodity pricing

Key Properties

Po ValleyPo Valley, Northern Italy

The Po Valley region in northern Italy has historically been a prolific hydrocarbon region and remains Italy’s largest producing province. Over 26 trillion cubic feet (750 billion cubic meters) of gas have been produced from the region since production began in the late 1940s.

BRS Resources was one of the first companies to carry out large-scale 3-D geophysical acquisition surveys onshore Italy. The company 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.

BRS permits include:

  • Le Saline - 616.80 sq km
  • Tre Ponti - 742.80 sq km
    • Includes the Gradizza Well with a Contingent Resource as follows:
      • 1C denotes low case estimate scenario of Contingent Resources. When applied to the Gradizza Well, they include the gas volume limited to the gas down to (GDT) and the petro-physical features deriving from the electrical logs and the surrounding wells drilled in the past.
      • 2C denotes best estimate scenario of Contingent Resources. When applied to the Gradizza Well, the 2C includes1C plus the volume limited to the structural closures of the fault block tested by the well.
      • 3C denotes high estimate scenario of Contingent Resources. When applied to the Gradizza Well, the 3C resource includes the 2C resource plus the volume limited to the spill point.


  • Belgioiosa - 322.5 sq km
    • Primary targets in Belgioioso block arelocated in the Miocene, Plio-Pleistocene turbiditic sands of the Apennines foredeep.
  • Fantozza - 102.40 sq km
    • Topographically flat are, typical of the Po Valley landscape, again, with exploration targets in the Miocene, Pliocene and Pleistocene turbidites.
  • Bugia - 197.80 sq km
    • Likely hydrocarbon targets will again be located in the Miocene, Plio-Pleistocene turbiditic sands of the Apennines foredeep
  • Molino - 24.35 sq km
    • 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
  • Ponte dei Grilli - 258.45 sq km
    • On trend with large existing fields,  gas accumulations trapped in thrusted anticlines, stratigraphic pinch outs and structural features in the Plio-Pleistocene turbiditic sands located in the Apennines foredeep
  • Ponte Del Diavolo - 199.80 sq km
    • Natural gas exploration targets within the Plio-Pleistocene turbiditic sands of the Apennines foredeep. On trend with large existing gas fields.
  • Corte dei Signori


Steve Moore – President, CEO & Director
Steven D. Moore has more than 32 years of financial, operational, marketing and communication experience, primarily in the oil and gas industry. Moore began his career as a field engineer in Ventura, Calif. 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.

Byron Coulthard – Director
Mr. Coulthard has over 25 years in the financial industry and has helped companies raise over $100 million for public companies. Mr. Coulthard is a self-employed mangement consultant to public companies and has provided services in a variety of management and financial oversight roles. He has held senior executive positions and directorships and has an in-depth knowledge of securities markets, regulatory affairs and investor/public relations.

Joachim Waibel – Director

Michael Atkinson – Director
Michael Atkinson brings over twenty years of expertise in the investment and venture capital industry to Legend Power.  Since 2008, Mr. Atkinson’s principal occupation has been President of Maverick Projects Inc., a private consulting company focused on providing structured finance products and advice relating to strategies involving financing, mergers and acquisitions within the junior resources and technology sectors.  He also currently serves on 7 public companies board of directors. Previously Mr. Atkinson was Vice President of Quest Capital Corp. (TSX:QC), a company he helped start, where he was responsible for corporate communication and bridge lending activities. Within a five year period at Quest he was instrumental in expanding Quest’s market cap from $30M to over $450M. As a member of the Credit Committee at Quest, the committee funded over $1 billion in loans during his tenure. Mr. Atkinson’s understanding of the structuring of investments and project financing is a key asset in investment and mergers and acquisition efforts.

Phil Kendrick – Director

Phil Kendrick Jr. has been President of Kendrick Oil & Gas since 1983. Mr. Kendrick founded Harken Energy Inc., a NASDAQ listed publicly traded oil and gas company. He serves as a Member of Advisory Board of Tyner Resources and served as Director of Bonanza Resources Corp. until April 22, 2003. Mr. Kendrick is a graduate of the University of Texas.

Richard G. Green – Director
Mr. Green graduated from Kansas State University in geology in 1973 and began his career with Shell Oil Company. He was a geologist with DeGolyer and MacNaughton from 1978-80 and from 1980 to 1986 worked for several independent oil companies prior to co-founding his own exploration and production firm. Richard was the Vice President- Geology for Netherland, Sewell Associates from 1994 to 1996 prior to co-founding LaRoche Petroleum Consultants where he served as Senior Vice President and Founding Partner until 2006. Mr Green currently is the President and CEO of Saxon Oil Company in Dallas. Mr. Green has extensive worldwide experience in geology, log anaylsis and petroleum engineering. He is a member of numerous professional societies and is an AAPG Certified Petroleum Geologist and Registered Geoscientist -Kansas and Texas.