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News 2013

December 5, 2013, Trinity Valley Announces Final Results of Core Analysis and Commencement of Modeling

December 5, 2013 Trinity Valley Energy Corp. (TE – TSX Venture) (The “Company”) has been advised by Anderson County Land Company (“ACLC”) that Weatherford Laboratories has completed and reported on the analysis of the core the remaining five of the ten core holes drilled on the Days Chapel Enhanced Oil Recovery (“EOR”) Project (“Days Chapel” or the “Project”), located in Anderson County, East Texas approximately 110 miles southeast of Dallas, Texas. This report is an update from the press release of November 12th 2013 wherein the results of the first 5 core holes were reported. A total of 91 plugs, ranging from 6 plugs to 33 plugs per core, were extracted from the cores for retort processing. The average range of porosity was from 30.6% to 33.7%. Oil saturation within the pore space of the Carrizo averaged 34%. Combined with the first 5 core holes, a total of 161 plugs have been evaluated and measure a weighted average porosity of 36% and weighted average oil saturation of 34%. Selected additional samples, using the Deak Stearns process are being undertaken with the objective of comparing derived porosities undergoing biaxial stress testing(retort analysis) with those undergoing triaxial stress testing(Dean Stark) for any disparities due to overburden pressures. Also, the results will provide for measured oil saturation compatibilities between the two methods of testing. Gerrard Kiefer has used the combination of well logs and core analysis to remap the Carrizo formation in the Days Chapel field. The revised mapping indicates an increase in gross pay specifically to the north. Our leasing program has been modified to increase our land position accordingly. Richard Cooper, Consulting Engineer is utilizing this data set to prepare a modelling of the field to identify the best combination of technology to exploit the Days Chapel Carrizo formation. He recently visited the field with Mr. Kiefer. The calculation of Original-Oil-In-Place has been initiated. Robert Naas P. Eng., an independent reservoir engineer has been retained to provide an opinion on the determination. Mr. Naas prepared the NI51-101F2 dated December 17, 2012 for the Company. In conclusion, results from the above modeling program and analysis’s will provide information to update a NI 51-101 compliant independent reservoir engineering report such that all or a portion of Probable Reserves can be reclassified as Proven Undeveloped Reserves. (see news release February 12, 2013) About The Days Chapel Project

The Days Chapel oilfield in Anderson County, East Texas is shallow Carrizo sand (Eocene Formation) at a depth of 550 feet to 700 feet. The formation lacks natural reservoir “drive” in the form of solution natural gas or water drive. Accordingly, it must be artificially heated to enable the oil to be produced. The Days Chapel oilfield is one of a number of contiguous Carrizo oilfields in the southern part of Anderson County. Whereas the Carrizo formation lacks natural reservoir energy in the form of solution natural gas or water drive, in the late 1960’s Shell Oil Company developed the Slocum field, less than two miles south of Days Chapel with a full scale steam-injection using vertical well 7-spot injection patterns.

The Days Chapel Project has established infrastructures that include paved highways throughout the property, rail access, a sale gas pipeline runs through property, good water sources with rights, valid lease and Mineral Deeds have been assembled by ACLC over a 4-year period. The Project is strategically located close to the Gulf Coast Refineries in the Houston Ship Channel and Beaumont/Lake Charles areas, offering significantly higher oil price differential to Canadian oil producers (Heavy Oil) per barrel.

Gerrard Kiefer, Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release.

ON BEHALF OF THE BOARD

“Michael Dake”

Michael Dake President

FOR FURTHER INFORMATION PLEASE CONTACT: Trinity Valley Energy Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@trinityvalleyenergy.com Website: www.trinityvalleyenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

November 12, 2013, Trinity Valley Announces Preliminary Results of Core Analysis

November 12, 2013 Trinity Valley Energy Corp. (TE – TSX Venture) (The “Company”) has been advised by Anderson County Land Company (“ACLC”) that Weatherford Laboratories has completed and reported on the analysis of the core taken from five of the ten core holes drilled on the Days Chapel Enhanced Oil Recovery (“EOR”) Project (“Days Chapel” or the “Project”), located in Anderson County, East Texas approximately 110 miles southeast of Dallas, Texas.

The recovered core had been slabbed, photographed for black-light analysis and gamma scanned. It has been analyzed for porosity, oil saturation and water saturation. Completion of the laboratory analysis of the remaining 5 locations is expected by the end of November 2013.

A total of 70 plugs, ranging from 6 plugs to 19 plugs per core, were extracted from the cores for retort processing. The weighted average range of porosity was from 29.4% to 34.8%. Oil saturation within the pore space of the Carrizo averaged 31% within a range of 10.6% to 44.6%. The Newby, a secondary zone of interest averaged 17.6% within a range of 2.9% to 65.4% oil saturation.

Additionally a composite set of logs were taken in each one of the core holes. Interpretation of these logs, by the Operator indicates net pay in the Newby ranged from 10 to 12 feet whereas the Carrizo showed between 24 and 40 feet. Whereas these formations are unconsolidated, it was very important to log the drilled locations as core recovery was a total of 73.1 feet over 226 feet of log measured pay. One of the procedures under undertaken by the Operator is the correlation of the cores to the logs, which will allow for a complete interpretation of the pay zones.

The results of this core analysis will be used along with core reports from 8 core location, previously taken by Shell Exploration Company and DG&E, along with the composite logs to prepare a three dimensional model of the reservoir. This model allow for the confirmation of Original-Oil-In-Place numbers at various contours. It will also form the basis of the stimulation modeling which will determine the recommended combination of technology to achieve maximum economic recovery of the Original-Oil-In-Place.

Gerrard Kiefer, Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release.

ON BEHALF OF THE BOARD

“Michael Dake”

Michael Dake President

FOR FURTHER INFORMATION PLEASE CONTACT: Trinity Valley Energy Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@trinityvalleyenergy.com Website: www.trinityvalleyenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

October 30, 2013, TRINITY VALLEY ANNOUNCES COMPLETION OF 10 HOLE CORING PROGRAM AT DAYS CHAPEL

October 30, 2013, Trinity Valley Energy Corp. (TE – TSX Venture) (The “Company”) has been advised by Anderson County Land Company (“ACLC”) of the completion of drilling of 10 core holes in the Days Chapel Enhanced Oil Recovery (“EOR”) Project (“Days Chapel” or the “Project”), located in Anderson County, East Texas approximately 110 miles southeast of Dallas, Texas.

ACLC collected 170.5 feet of oil saturated core from the Carrizo formation and an additional 52.5 feet of core from the deeper Wilcox formation. Three of the 10 locations were drilled through the Carrizo (depth varying between 550 and 650 feet) to the deeper Wilcox (900 to 1,400 feet) which is productive in the area. Additionally, composite logs were taken at each location.

The recovered core has been delivered to Weatherford Laboratories in Houston where it has been slabbed, photographed for black-light analysis and gamma scanned. It is being analyzed for porosity, oil saturation and water saturation. Completion of the laboratory analysis is expected in early November 2013.

The results of this core analysis will be used along with core reports from 8 core location, previously taken by Shell Exploration Company and DG&E, along with the composite logs to prepare a three dimensional model of the reservoir. This model allow for the confirmation of Original-Oil-In-Place numbers at various contours. It will also form the basis of the stimulation modeling which will determine the recommended combination of technology to achieve maximum economic recovery of the Original-Oil-In-Place.

Gerrard Kiefer, Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release.

ON BEHALF OF THE BOARD

“Michael Dake”

Michael Dake President

FOR FURTHER INFORMATION PLEASE CONTACT: Trinity Valley Energy Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@trinityvalleyenergy.com Website: www.trinityvalleyenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

October 17, 2013, TRINITY VALLEY EARNS INTEREST IN DAYS CHAPEL AND ANnOUNCES CORPORATE APPOINTMENTS

October 17, 2013, Trinity Valley Energy Corp. (TE – TSX Venture) (The “Company”) is pleased to announce it is now fully vested and has earned its 33.3333% working interest in the Days Chapel Enhanced Oil Recovery (“EOR”) Project (“Days Chapel” or the “Project”), located in Anderson County, East Texas approximately 110 miles southeast of Dallas, Texas.

Trinity Valley has expended US$1,500,000 towards exploration expenditures on the Project to earn the undivided 33.3333% working interest subject to a total royalty burden of no more than 20%. Trinity Valley has a further option to acquire up to an additional 17.6667% working interest (in 1% increments) of the Project. (See BRR news release February 12th 2013)

The Company is pleased to announce the following immediate appointments which will strengthen its organization as it moves to exploitation stage of the Days Chapel Project:

• Michael Dake has been appointed President with Jeffrey Cocks assuming the role of Chairman.

• Ronald P. Bourgeois, President of Anderson County Land Company has accepted a position on the Board of Directors of the Company

• Gerrard Kiefer, Professional Geologist, has agreed to be an advisor to the Company and its Qualified Person

Mr. Dake, a director of the Company since July 2011, assuming the role as President is a reflection of his commitment to ensuring the Company’s success in its current endeavours.

Ron Bourgeois, a Chartered Accountant has over 30 years of progressively increasing responsibility and expertise in the resources industries. After articling with the predecessor of PriceWaterhouse Coopers, he was the Manager of Accounting Systems for the conventional oil and gas division of Suncor Inc. in Calgary. In 1983, he accepted a position with an affiliate of the TD Bank, Starvest Capital Inc which managed in excess of $225 Million in oil and gas production on behalf of a syndicate of Canadian pension funds. He joined Lakewood Capital group as a principal in 1987 through to 1993 and was pivotal in the management of its $125 Million of joint ventures for the limited partners. As CFO and Director of Optima Petroleum Corporation (the predecessor of PetroQuest Energy Inc, NYSE listed, $300 million market cap) he successfully filed its initial 10K, negotiated bank facilities, sold the Canadian division and managed the plan of arrangement creating PetroQuest. Subsequently, he was a co-founder of US Geothermal Corp. and as former CFO of Tyner Resources Ltd, was involved in a $ 15 million Palo Duro shale gas project.

Mr. Kiefer is an independent geologist/geophysicist providing consulting services to Oil & Gas Companies for close to 40 years. He earned a B.S. degree in Geology from Whittier College in Whittier California as well as graduate courses in Geology and Geophysics from the University of Houston in

Houston Texas. Mr. Kiefer utilizes the latest technologies both conventional and unconventional to conceptualize and organize ideas into viable and economic exploration/exploitation projects. Among his previous work experience from 1986-1994 he was Geological Manager for Dallas Gas & Electric who operated the Slocum EOR Project, two miles south of Days Chapel, He was responsible for locating shallow deposits of heavy oil suitable for steam flood/co-generation projects, along the Gulf Coast. He was tasked with finding producing property acquisitions having exploration upside; specifically the Low-Resistivity-Low Contrast concept applicable to the Days Chapel EOR Project.

The Company expects to provide an update on the Days Chapel Exploration Program shortly.

ON BEHALF OF THE BOARD

“Michael Dake”

Michael Dake President

FOR FURTHER INFORMATION PLEASE CONTACT: Trinity Valley Energy Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@trinityvalleyenergy.com Website: www.trinityvalleyenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

October 8, 2013, TRINITY VALLEY ENERGY CORP CHANGES NAME FROM BRITANNICA RESOURCES CORP.

October 8, 2013, Trinity Valley Energy Corp. (TSX Venture-TE) (The “Company”) announces it has changed its name from Britannica Resources Corp. (TSX-V: BRR)

Effective at market open today, Tuesday, September 8, 2013, the Company’s shares will begin to trade under the new symbol (TSX-V: “TE”). Pursuant to a resolution passed by the directors on September 27, 2013, the Company has changed its name to Trinity Valley Energy Corp from Britannica Resources Corp. There is no consolidation of capital.

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks President

FOR FURTHER INFORMATION PLEASE CONTACT: Trinity Valley Energy Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@trinityvalleyenergy.com Website: www.trinityvalleyenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

September 6, 2013, Britannica Closes Second Tranche Of Private Placement

September 6, 2013, Britannica Resources Corp. (BRR – TSX Venture) (The “Company”) announces it has closed a second-tranche of $75,500.00 in a non-brokered private placement, bringing the total gross proceeds raised to $717,900.00.

The Company has issued 1,510,000 units at a price of $0.05 per unit for gross proceeds of $75,500.00 in the second tranche. Each unit consists of one common share (the “Common Share”) and one common share purchase warrant (the “Warrant”). Each Warrant will entitle the holder to purchase one additional Common Share in the capital of the Company at a price of $0.10, for a period of 24 months following the closing of the Offering (the “Closing”).

The Company has paid $7550.00 cash in commissions on the second-tranche of the private placement, along with 151,000 non-transferable finder’s warrants, each entitling its holder to acquire one common share at $0.10 for a 24-month period after closing of the financing.

All securities issued above are subject to a hold period expiring on January 5, 2014, being four months and one day after closing of the second tranche. Proceeds of the private placement will be used for work on the Company’s Days Chapel Project and for general working capital. The Private Placement is subject to TSX Venture Exchange final acceptance.

Finally, Mr. Kevin Tattersall has resigned as a director of the Company. The Company would like to thank Mr. Tattersall for his role on the board and wishes him well in his future endeavours. The Company anticipates announcing new additions to its management team and board of directors shortly.

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@brrgold.com Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

August 19, 2013, Britannica Closes First Trance Of Private Placement

August 19, 2013, Britannica Resources Corp. (BRR – TSX Venture) (The “Company”) announces it has closed a first-tranche of its non-brokered private placement financing previously announced on August 2, 2013, for gross proceeds of $642,400.00. A second closing is expected to take place shortly.

The Company has issued 12,848,000 units at a price of $0.05 per unit for gross proceeds of $642,400.00 Each unit consists of one common share (the “Common Share”) and one common share purchase warrant (the “Warrant”). Each Warrant will entitle the holder to purchase one additional Common Share in the capital of the Company at a price of $0.10, for a period of 24 months following the closing of the Offering (the “Closing”).

The Company has paid $28,440.00 cash in commissions on the private placement, along with 568,800 non-transferable finder’s warrants, each entitling its holder to acquire one common share at $0.10 for a 24-month period after closing of the financing.

All securities issued above are subject to a hold period expiring on December 14, 2013, being four months and one day after closing of the First Tranche. Proceeds of the private placement will be used for work on the Company’s Days Chapel Project and for general working capital.

The Private Placement is subject to TSX Venture Exchange final acceptance.

 

 

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@brrgold.com Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

August 2, 2013, Britannica Arranges Financing

August 2, 2013, Britannica Resources Corp. (BRR – TSX Venture) (The “Company”) is pleased to announce that, subject to regulatory approval, it is arranging a non-brokered private placement for aggregate gross proceeds of up to $750,000 (the “Private Placement”) through the issuance of 15 million units at a price of $0.05 per unit.

Each unit will consist of one common share and one warrant. Each warrant entitles the holder to acquire one common share of the Company at a price of $0.10 per common share for a period of 24 months following the date of issuance. The Company will also pay a finder’s fee in accordance with the policies of the TSX Venture Exchange.

Proceeds of the private placement will be used for work on the Company’s Days Chapel Project and for general working capital.

The Private Placement is subject to TSX Venture Exchange acceptance.

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@brrgold.com Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

July 12, 2013, Britannica Directors’ Participate in Gypsy Swap

July 12, 2013, Britannica Resources Corp. (BRR – TSX Venture) (The “Company”) announces that certain directors have sold an aggregate of 1,000,000 common shares of Britannica on July 12, 2013 from their holdings through the facilities of the TSX Venture Exchange.

The directors will use the proceeds from the sale to subscribe for units in the proposed brokered private placement previously announced in the Company’s news release dated May 31, 2013.

 

 

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@brrgold.com Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

May 31, 2013, Britannica Arranges Financing

May 31, 2013, Britannica Resources Corp. (BRR – TSX Venture) (The “Company”) is pleased to announce that, subject to regulatory approval, it is arranging a non-brokered private placement for aggregate gross proceeds of up to $750,000 (the “Private Placement”) through the issuance of 15 million units at a price of $0.05 per unit.

Each unit will consist of one common share and one warrant. Each warrant entitles the holder to acquire one common share of the Company at a price of $0.10 per common share for a period of 24 months following the date of issuance. The Company will also pay a finder’s fee in accordance with the policies of the TSX Venture Exchange.

Proceeds of the private placement will be used for work on the Company’s Days Chapel Project and for general working capital.

The Private Placement is subject to TSX Venture Exchange acceptance.

 

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@brrgold.com Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

April 23, 2013, All Resolutions Passed At the Annual General Meeting

April 23, 2013, Britannica Resources Corp. (“the Company”; BRR – TSX Venture) is pleased to announce that all resolutions tabled at the Company’s Annual and Special Meeting on Monday, April 22, 2013 were approved by the shareholders.

The Company’s newly elected board of directors and management team consists of Mr. Jeffrey Cocks, President and Director, Chris Hobbs, CA, Chief Financial Officer and Corporate Secretary, Mr. Eugene Gauthier, P.Eng, Director, Mr. Michael Dake, Director and Kevin Tattersall, Director.

The Company would also like to thank past director Mr. Robert Birmingham for his past efforts on behalf of the Company.

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@brrgold.com Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

April 17, 2013, Drill Coring Program Begins On Days Chapel Project

April 17, 2013, Britannica Resources Corp. (“the Company”) (BRR – TSX Venture)s pleased to announce a 10 hole drill coring program has begun on the Days Chapel Enhanced Oil Recovery (“EOR”) Project (“Days Chapel” or the “Project”), located in Anderson County, East Texas approximately 110 miles southeast of Dallas, Texas.

The Company’s joint venture partner, Anderson County Land Company (“ACLC”), the Operator of the Days Chapel Project informed Britannica the initial well of the 10 well coring program spudded in on Monday, April 15, 2013. ACLC has retained Palestine Water Well Service Inc. (“PWWS”) of Palestine Texas, to provide drilling services for the Project. PWWS is an experienced driller of shallow wells for the petroleum industry with over 20 years of experience. PWWS utilizes a truck mounted rig with a 2,000 foot depth capacity. This ensures minimal time to rig up and rig down and minimizes the core hole location footprint.

The actual coring and capture has been contracted to Baker Hughes Oilfield Operations Inc., of Houston Texas. Core Laboratories Inc. of Houston Texas will be receiving the cores for evaluation which in addition to measurement of porosity, permeability and oil saturation will include steam injectivity and water compatibility testing. The coring program is expected to be completed in two to three weeks. .

The results from the Drill Coring Program will provide information to update a NI 51-101 compliant independent reservoir engineering report such that all or a portion of Probable Reserves can be reclassified as Proven Undeveloped Reserves. Also, Britannica intends to commission a Reservoir Modeling engineering firm to model the Days Chapel pool using a data set inclusive of the Coring Program results, that will recommend the best enhanced oil recovery techniques, which may recommend lateral or horizontal drilling that will maximize the recovery factor and reduce the fully developed and produced cost per barrel.

About The Days Chapel Project

The Days Chapel oilfield in Anderson County, East Texas is shallow Carrizo sand (Eocene Formation) at a depth of 550 feet to 700 feet. The formation lacks natural reservoir “drive” in the form of solution natural gas or water drive. Accordingly, it must be artificially heated to enable the oil to be produced. The Days Chapel oilfield is one of a number of contiguous Carrizo oilfields in the southern part of Anderson County. Whereas the Carrizo formation lacks natural reservoir energy in the form of solution natural gas or water drive, in the late 1960’s Shell Oil Company developed the Slocum field, less than two miles south of Days Chapel with a full scale steam-injection using vertical well 7-spot injection patterns. Slocum was Shell’s initial steam injection EOR project, in North America, producing over 4 million barrels of oil. Expertise developed by Shell, at Slocum, was subsequently applied on its Belridge (Kern River) heavy oilfield in the San Joaquin Valley of California near Bakersfield as well as in its Alberta heavy oil fields.

Shell drilled 11 core holes at Days Chapel and this data was used by a successor operating company, Dallas Gas & Electric (“DG&E“), to map the Days Chapel oilfield in the early 1990’s. DG&E also drilled a number of core holes to calculate the porosity, permeability, and oil saturation of this reservoir as well as one test oil well. The data from these core holes and oil well was applied, together with the Shell core hole data, by DG&E to prepare Upper Carrizo Sand Net Pay Isopach maps for Days Chapel and determine OOIP. DG&E was placed in Chapter 11 bankruptcy by 1993, and as such never pursued development of the Project.

Characteristics of the Carrizo formation obtained from the core holes and test well are:

  • Oil gravity – 18 degrees to 20 degrees API;
  • Viscosity – 800centipose;
  • Porosity – Average of 36%;
  • Permeability – 1,500 Millidarcies, and
  • Oil saturation – 45%.

The Days Chapel Project has established infrastructures that include paved highways throughout the property, rail access, a sale gas pipeline runs through property, good water sources with rights, valid lease and Mineral Deeds have been assembled by ACLC over a 4-year period. The Project is strategically located close to the Gulf Coast Refineries in the Houston Ship Channel and Beaumont/Lake Charles areas. The price differential has ranged between $20.00 and $30.00 per barrel higher in January 2013 as compared to what Canadian oil producers received.

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@brrgold.com Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

February 12, 2013, Britannica Completes Definitive Agreement For Days Chapel

February 12, 2013, Britannica Resources Corp. (“the Company”) (BRR – TSX Venture)is pleased to announce on February 6, 2013, executed a definitive Farm-In Agreement & Model Form Operating Agreement (A.A.P.L. Form 610) with Anderson County Land Company (“ACLC”) previously announced on January 3, 2013, to earn a 33.3333% working interest in the Days Chapel Enhanced Oil Recovery (“EOR“) Project (“Days Chapel” or the “Project“), located in Anderson County, east Texas approx. 110 miles southeast of Dallas, Texas.

Britannica received TSX Venture Exchange (the “Exchange”) approval on the transaction January 25, 2013. A finder’s fee of 450,000 shares will be issuable to Rex Obermann in stages, in accordance with Exchange rules and policies.

Britannica must expend US$1,500,000 in exploration expenditures on the Project to earn an undivided 33.3333% working interest subject to a total royalty burden of no more than 20%. Britannica has a further option to acquire up to an additional 17.6667% working interest (in 1% increments) of the Project. The purchase price shall be based on a National Instrument 51-101 compliant revised independent Reserve Report and will utilize the value of Proven plus Probable oil reserves at a 20% discounted present value, subject to certain maximum prices depending on valuation methodology used. The purchase price can be paid by up to 2/3rd in shares of Britannica with the remainder in cash based on an agreed formula.

The first phase of the exploration program on the Days Chapel Project is expected to begin shortly, it will include a Drill Coring Program, independent laboratory analysis and geological review. The results from the Drill Coring Program will provide information to update a NI 51-101 compliant independent reservoir engineering report such that all or a portion of Probable Reserves can be reclassified as Proven Undeveloped Reserves. Also, Britannica intends to commission a Reservoir Modeling engineering firm to model the Days Chapel pool using a data set inclusive of the Coring Program results, that will recommend the best enhanced oil recovery techniques, which may include lateral or horizontal drilling that will maximize the recovery factor and reduce the fully developed and produced cost per barrel.

The Days Chapel oilfield in Anderson County, East Texas is shallow Carrizo sand (Eocene Formation) at a depth of 550 feet to 700 feet. The formation lacks natural reservoir “drive” in the form of solution natural gas or water drive. Accordingly, it must be artificially heated to enable the oil to be produced. The Days Chapel oilfield is one of a number of contiguous Carrizo oilfields in the southern part of Anderson County. Whereas the Carrizo formation lacks natural reservoir energy in the form of solution natural gas or water drive, in the late 1960’s Shell Oil Company developed the Slocum field, less than two miles south of Days Chapel with a full scale steam-injection using vertical well 7-spot injection patterns. Slocum was Shell’s initial steam injection EOR project, in North America, producing over 4 million barrels of oil. Expertise developed by Shell, at Slocum, was subsequently applied on its Belridge (Kern River) heavy oilfield in the San Joaquin Valley of California near Bakersfield as well as in its Alberta heavy oil fields.

Shell drilled 11 core holes at Days Chapel and this data was used by a successor operating company, Dallas Gas & Electric (“DG&E“), to map the Days Chapel oilfield in the early 1990’s. DG&E also drilled a number of core holes to calculate the porosity, permeability, and oil saturation of this reservoir as well as one test oil well. The data from these core holes and oil well was applied, together with the Shell core hole data, by DG&E to prepare Upper Carrizo Sand Net Pay Isopach maps for Days Chapel and determine OOIP. DG&E was placed in Chapter 11 bankruptcy by 1993, and as such never pursued development of the Project.

Characteristics of the Carrizo formation obtained from the core holes and test well are:

  • Oil gravity – 18 degrees to 20 degrees API;
  • Viscosity – 800centipose;
  • Porosity – Average of 36%;
  • Permeability – 1,500 Millidarcies, and
  • Oil saturation – 45%.

The Days Chapel Project has established infrastructures that include paved highways throughout the property, rail access, a sale gas pipeline runs through property, good water sources with rights, valid lease and Mineral Deeds have been assembled by ACLC over a 4-year period. The Project is strategically located close to the Gulf Coast Refineries in the Houston Ship Channel and Beaumont/Lake Charles areas. The price differential has ranged between $20.00 and $30.00 per barrel higher in January 2013 as compared to what Canadian oil producers received.

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@brrgold.com Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

January 3, 2013, Britannica To Farm-in To The Days Chapel Oilfield

January 3, 2013, Britannica Resources Corp. (“the Company”) (BRR – TSX Venture) is pleased to announce it has signed a letter of intent (the “LOI”) with Anderson County Land Company (“ACLC”) to earn a 33.3333% working interest in the Days Chapel Enhanced Oil Recovery (“EOR”) Project (“Days Chapel” or the “Project”), located in Anderson County, east Texas approx. 110 miles southeast of Dallas, Texas.

Britannica must expend US$1,500,000 in exploration expenditures on the Project to earn an undivided 33.3333% working interest subject to a total royalty burden of no more than 20%. Britannica has a further option to acquire up to an additional 17.6667% working interest (in 1% increments) of the Project. The purchase price shall be based on a National Instrument 51-101 compliant revised independent Reserve Report and will utilize the value of Proven plus Probable oil reserves at a 20% discounted present value, subject to certain maximum prices depending on valuation methodology used. The purchase price can be paid by up to 2/3 in shares of Britannica based on an agreed formula.

The LOI is subject to replacement within 60 days by a definitive Farm-In Agreement & Model Form Operating Agreement (A.A.P.L. Form 610), encompassing all the terms of the LOI for both parties.

Britannica commissioned and has received National Instrument 51-101 F1, F2, F3 compliant filings on the Days Chapel EOR Project, prepared by RJ Naas, LLC, of Plano, Texas, which will be filed with the TSX Venture Exchange (the “Exchange“) and on SEDAR in due course. The transaction is subject to the prior acceptance of the Exchange.

A finder’s fee will be payable, at the election of the finder, in cash, shares or a combination thereof, in accordance with Exchange rules and policies.

The Days Chapel oilfield in Anderson County, East Texas is shallow Carrizo sand (Eocene Formation) at a depth of 550 feet to 700 feet. The formation lacks natural reservoir “drive” in the form of solution natural gas or water drive. Accordingly, it must be artificially heated to enable the oil to be produced. In March 2011, ACLC commissioned HJ Gruy & Associates, consulting reservoir engineers, Dallas, Texas, who determined there is approximately 9.1 million barrels of Original Oil in Place (“OOIP“) on less than 300 acres, applying a 20 ft. net pay cut-off. Britannica cautions that the above information is non NI 51-101 compliant, and therefore should not be relied upon and is being provided solely as an indication of Britannica’s exploration target.

The Days Chapel oilfield is one of a number of contiguous Carrizo oilfields in the southern part of Anderson County. Whereas the Carrizo formation lacks natural reservoir energy in the form of solution natural gas or water drive, in the late 1960’s Shell Oil Company developed the Slocum field, less than two miles south of Days Chapel with a full scale steam-injection using vertical well 7-spot injection patterns. Slocum was Shell’s initial steam injection EOR project, in North America, producing over 4 million barrels of oil. Expertise developed by Shell, at Slocum, was subsequently applied on its Belridge (Kern River) heavy oilfield in the San Joaquin Valley of California near Bakersfield as well as in its Alberta heavy oil fields.

Shell drilled 11 core holes at Days Chapel and this data was used by a successor operating company, Dallas Gas & Electric (“DG&E“), to map the Days Chapel oilfield in the early 1990’s. DG&E also drilled a number of core holes to calculate the porosity, permeability, and oil saturation of this reservoir as well as one test oil well. The data from these core holes and oil well was applied, together with the Shell core hole data, by DG&E to prepare Upper Carrizo Sand Net Pay Isopach maps for Days Chapel and determine OOIP. DG&E was placed in Chapter 11 bankruptcy by 1993, and as such never pursued development of the Project.

Characteristics of the Carrizo formation obtained from the core holes and test well are:

  • Oil gravity – 18 degrees to 20 degrees API;
  • Viscosity – 800centipose;
  • Porosity – Average of 36%;
  • Permeability – 1,500 Millidarcies, and
  • Oil saturation – 45%.

A portion of the proposed exploration program on the Days Chapel Project includes a Drill Coring Program and independent laboratory analysis which will provide information to update a NI 51-101 compliant independent reservoir engineering report such that all or a portion of Probable Reserves can be reclassified as Proven Undeveloped Reserves. Also, Britannica intends to commission a Reservoir Modeling engineering firm to model the Days Chapel pool using a data set inclusive of the Coring Program results, that will recommend the best enhanced oil recovery techniques, which may include lateral or horizontal drilling that will maximize the recovery factor and reduce the fully developed and produced cost per barrel.

The Days Chapel Project has established infrastructures that include paved highways throughout the property, rail access, a sale gas pipeline runs through property, good water sources with rights, valid lease and Mineral Deeds have been assembled by ACLC over a 4-year period. Strategically located close to the Gulf Coast Refineries in the Houston Ship Channel and Beaumont/Lake Charles areas, offers significantly higher oil price differential to Canadian oil producers per barrel.

 

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp. (TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: info@brrgold.com Website: www.brrgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.