BRS Resources Ltd (CVE:BRS) has been directed that the Trava 2-D well, based in the southern half side of Corte dei Signori permit region in the Po Valley, has been well drilled and recorded to a total depth of 1,103 meters.
The update
The Trava 2D well, with numerous reservoir targets in the fruitful Pliocene-age Porto Garibaldi sand, stumble upon many gas shows during the drilling course. The well is being done and production tests are planned to start later this month. Byron Coulthard, the CEO and President of BRS, reported that everything so far shows that they sport a commercially viable well. However, this thing will be confirmed along with details after the production assessments are done.
The successful drilling of these wells confirms AleAnna’s operational and technical abilities in safely implementing a complex drilling operation. Coulthard added that during the drilling stage, AleAnna encountered all the stratigraphic markers and formation tops in the well at the pits indicated from company’s 3D seismic mapping, which is thrilling in its own right, as it validates 3D seismic tasks in the Po Valley.
From the large collection of 3D seismic reviews, they have identified many other drillable options in the Po Valley. AleAnna holds 31 exploration permits and applications for over 11,782 sq. km in Italy. So far, AleAnna has amassed the largest portfolio of 3D geophysical statistics onshore in Italy and boasts two successful wells in last stage of production enterprise award.
Investors are always seeking for stocks that are set to beat at earnings season and BRS comes in the list of such companies. The firm can come up with its earnings pretty soon, and things are shaping up nicely for report. The company is seeing positive earnings projections revision as of late, which is usually seen as a precursor to earnings beat.