AleAnna Energy increases interest in Italian assets

AleAnna Resources is an independent oil and gas exploration and production company operating exclusively in Italy.

AleAnna Energy, which is owned 49% by BRS Resources and 51% by Bluescape Resources, acquired the membership interest for a combination of cash and 750,000 common shares of BRS.

With this acquisition, AleAnna Energy now holds a 35% interest in AleAnna Resources, with an additional 20% back-in interest.

AleAnna Resources has eight exploration permits and three ‘applications for exploration permits’, totaling more than 800,000 acres, the majority of which is located in Italy’s prolific Po Valley.

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