Short Term Price Target: $2.00 Current Price: $0.22 52-week Range: $0.22 - $1.25 Outstanding Shares: 7.5 Million. [BREY]

BR Energy is engaged in the oil and gas business primarily in Texas, Kentucky, New Mexico and West Virginia. BR Energy sponsors oil and gas drilling partnerships through which it raises funds for the drilling of oil and gas wells and usually participates for a 1% partnership interest as the managing general partner of the partnerships.[BREY.OB

(PRWEB) April 21, 2004 -- With a new technical management team, additional directors, and establishing an office in Houston, BR Energy has begun a new business plan that focuses on shifting their oil and gas exploration and development activities from the Appalachian Basin to well-established producing geologic structures in the onshore Gulf Coast areas of Texas and Louisiana, and East Texas. Their objectives are to increase their proved reserves, cash flow and shareholder equity through oil and natural gas drilling projects which are based on their 17.5% ownership of a 49-year license to approximately 48,000 miles of 2 dimensional seismic data in the Texas Gulf Coast and East Texas areas which was previously conducted by a major oil and gas company.

BR Energy also acquires direct working interest participation in oil and gas properties. The working interest participation includes exploratory and development wells and both operated and non-operated working interest participation. BR Energy intends to maintain an active role in the oil and gas industry as an operator of oil and gas wells, a sponsor of oil and gas drilling programs, a participant in oil and gas programs and as an independent producer of oil and gas.

As of March 31, 2003, BR Energy has participated, either directly or indirectly through its sponsored limited partnerships, in 96 wells, of which seventy-five (75) are presently productive and located in Kentucky, Texas, West Virginia and New Mexico.