| An SI Board Since April 1997 |
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BRW |
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Heres a company, BRENNA Resources LTD.(Vancouver Exchange, symbol BRW), with 2 exciting plays starting up.
Oil stocks have come in favor as of late and BRENNA is right in there with an acquisition near Volgograd, Russia. The company has opened a full time office in Volgograd and is in the process of finalizing its negotiations to acquire a mineral(including petroleum) exploration license covering 625,000 acres near Volgograd adjacent to concessions granted to Deminex of Germany and Elf Aquitaine of France. Based on previous exploration work in the area, 4 leads present themselves. One of them, the Sarpinsky High is estimated by local geologists to have possible reserves of about 3 BILLION barrels of oil. More small seismic surveys are being done to find other potential pressure points.
The other play is a gold play in Brazil, in the State of Santa Catarina. Bruce Purcell, President of BRENNA, just recently returned from Brazil. A letter of intent has been signed to acquire gold mining concessions covering approximately 1,860 hectares of land. There has been in excess of $2,200,000 spent on exploration and development over the past several years and this data is being evaluated to delineate the next exploration phase. Gold was previously found in this area.
Bruce Purcell has been involved with several other successful Canadian companies, including BANFF Resources and ANTHION.
Fully diluted there are 12.5 million shares. 52 week range of .10 - .85. The stock was moving up nicely until the BRE-X fiasco. After dropping to .50 the stock is currently at .65 and rising. An insider private placement will be done at $1.00 within the next month and another within the next couple of months at a higher level. I have been told that the stock WILL BE moving up.
Check it out! Call Hans Schwabl for more info at 1-888-649-7018
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