BRS Resources Ltd. announce that AleAnna Resources, LLC, an Italian exploration company in which BRS holds a membership interest, has executed a participation agreement and non-exclusive seismic agreement with Andiamo Resources, LLC ("Andiamo"), a Colorado limited liability company.
Under the terms of the agreements, Andiamo paid AleAnna a prospect/license fee and AleAnna will grant Andiamo a non-exclusive license to AleAnna's propriety 3D seismic data acquired in the Corte dei Signori permit area in the Po Valley of Italy, totaling approximately 32,000 acres (129 sq km).
Andiamo will pay the costs to drill a well and in return will earn a beneficial working interest in a portion of the Corte Dei Signori permit.
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