Natural Trader
7 years ago
news on facebook:NEW YORK, NY – Terra Energy & Resource Technologies, Inc. (PINK: TEGR), a natural resource exploration services technology company, announces that the Company’s service subsidiary Terra Insight Services, Inc. signed a service contract with PT. INDOTAN Sumbawa Barat, an Indonesian company.
Terra Insight Services is to perform exploration for gold and copper utilizing its Sub Terrain Prospecting Technology (STeP®) on an approximately 500 square kilometer territory in Indonesia.
“This is our most recent of several contracts in Indonesia since the completion of STeP work for the state oil company Pertamina. This contract is a result of tenacious promotion work by Terra’s Indonesian market partner PT. Indonesia – International Energy Solutions Partners represented by Mr. George Barber,” said Dr. Alexandre Agaian, President of Terra Energy & Resource Technologies, Inc.
“We are proud of this contract for many reasons, including a perfect alignment of interests between client and Terra, and we believe it is noteworthy that PT. INDOTAN Sumbawa Barat has embraced our unique and innovative exploration technology for gold and copper exploration in Indonesia in today’s competitive environment,” said Dmitry Vilbaum, the Company’s Chief Executive Officer. “This project is progressing well. We are also in varying stages of discussions and proposals in connection with additional service work in Indonesia’s geothermal, oil and gas, and mineral exploration industries.”
About Terra Energy & Resource Technologies, Inc.
Terra Energy & Resource Technologies, Inc., through its subsidiary Terra Insight Services, Inc., provides mapping and analysis services for exploration, drilling, and mining companies related to natural resources found beneath the surface of the Earth. The Company uses a suite of innovative and efficient technologies, which facilitate the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources, and assesses them for any given geographic area -- on or offshore. For more information, visit
http://www.terrainsight.com.
https://www.facebook.com/terra.energy/
B-Money
13 years ago
Common Stock Shares Authorized 500,000,000 and Outstanding 126,246,684 as of June 30, 2011
Revenues
For the three months ended June 30, 2011, revenues from services increased by $188,950 to $268,950 from $80,000 in the three months ended June 30, 2010. For the six months ended June 30, 2011, revenues from services increased by $103,975 to $268,950 from $164,975 in the six months ended June 30, 2010. During the three and six months ended June 30, 2011, we were primarily in negotiations with international mineral and oil companies and foreign natural resource agencies to render services. We rendered mapping services pursuant to minor service contracts during the three months ended June 30, 2011. Generally, our services on a cash basis are pursuant to individual contracts for specific services to be performed over a short time frame, and are not a recurring source of revenues. The increase in revenue arose principally because the services performed in the three months ended June 30, 2011 were more significant than the services performed during the three and six months June 30, 2010. We continue to perform services for a cash service fee, as well for an ownership or royalty interest in projects or leaseholds. In addition, we seek potential joint venture partners in exploiting our technology and other opportunities presented to us.
We anticipate that, subject to global economic conditions and willingness of potential clients to expand capital on exploration activities, during the next twelve months, if we achieve our capital raising goals, we will be engaged in joint ventures and internal resource projects. The purpose of focusing on internal resource projects is to generate reserves and to establish that the technology can increase the success rate in oil, gas and other mineral exploration projects.
Klem
14 years ago
Formula for Success- This news will be repeated
again and again with different mining companies!
The value of TEGR will be multiplied each time.
Today TEGR gained shares and percent ownership
for recurring income and future cash flow!!!!!
Terra Energy & Resource Technologies Receives Shares of Shamika 2 Gold and an Interest in Gold and Ruby Production
Date : 03/14/2011 @ 6:21AM
Source : MarketWire
Stock : Terra Energy & amp; Resource Technologies, Inc. (TEGR)
Quote : 0.03 0.0 (0.00%) @ 8:09AM
Terra Energy & Resource Technologies Receives Shares of Shamika 2 Gold and an Interest in Gold and Ruby Production
Terra Energy & Resource Technologies, Inc. (OTCBB: TEGR), a natural resource exploration technology and services company, will receive 570,000 shares of Shamika 2 Gold, Inc., a publicly held company whose shares are traded on OTCBB, and 0.45% of the preferred net return from production and sale of gold and rubies derived from the Cambodia mining project which Terra helped discover. In exchange for its satellite-based STeP® analysis exploration services rendered for the project in 2010, Terra received not only fees but also a royalty and a project co-investment right from MIG International Mining Group, the project sponsor. Later MIG agreed for Terra to convert its 5% project co-investment right into a 1% interest in MIG, with no cash payment by Terra. In March 2011, Shamika acquired 85% of the equity in MIG, seeking to benefit from MIG's mining concession in Cambodia, which as noted previously, was a direct result of Terra's analysis of the license area. Shamika's acquisition is a welcome development for Terra, increasing the liquidity of Terra's interest in the project and validating the production potential of same.
"In July-August of 2010, Terra helped MIG create a substantial value in gold and ruby geological resources. Terra completed its STeP® analysis of the area of interest in January 2010. In only six months, MIG transformed a frontier exploration territory into a marketable mining property," said Dmitry Vilbaum, CEO of Terra Energy & Resource Technologies. "In its recent press release (http://finance.yahoo.com/news/Shamika2Gold-Inc-Acquires-pz-903296838.html?x=0&.v=1), Shamika's CEO calls the MIG acquisition an historic event for his company. All of us at Terra are excited that we played a key role in such a positive corporate development for both MIG and Shamika."
Dr. Alexandre Agaian, President of Terra Energy & Resource Technologies, stated: "It shows the strength of Terra's exploration methods that it can secure partial compensation in the form of royalties. Subject to MIG obtaining the appropriate mining licenses and achieving a two month production, Terra's shares of Shamika will be released from the escrow to Terra. We recently met with Shamika's CEO Mr. Robert Vivian, who informed us that his current priority is to establish mining and production from the license area. Terra welcomes Mr. Vivian's plans to ramp up production quickly and hopes to start receiving its share of the revenue stream in a short order. In summary, the total potential compensation package in connection with this license area for Terra is now a 1.5% overriding royalty, 570,000 shares of Shamika 2 Gold, Inc., and 0.45% of the preferred net return from production."
About Terra Energy & Resource Technologies, Inc.
Terra Energy & Resource Technologies, Inc., through its subsidiary Terra Insight Services, Inc., provides mapping and analysis services for exploration, drilling, and mining companies related to natural resources found beneath the surface of the Earth. The Company uses a suite of innovative and efficient technologies, which facilitate the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources, and assesses them for any given geographic area -- on or offshore. For more information, visit http://www.terrainsight.com.
Safe Harbor for Forward-looking Statements
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its operations, services, plans, projects, and contracts, and its plans or proposals to acquire interests in, or participate in, exploration activities or properties, to fail to materialize, including, but not limited to, availability of capital, satisfaction of contractual conditions and requirements, unfavorable geologic conditions, the amount of reserves projected or ultimately discovered, and general regional economic conditions.
For more information, please contact:
Terra Energy & Resource Technologies, Inc.
212-286-9197
info@terrainsight.com
Klem
14 years ago
Terra Energy Announces 2011 Capital Expenditure Plan
Monday, January 31, 2011 9:43 PM
CALGARY, ALBERTA, Jan. 31, 2011 (Marketwire) --
Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) is pleased to announce its Capital Expenditure Plan and Budget for
2011 ("2011 Capex Plan"). Total capital spending on exploration and development is targeted at approximately $29 million.
Cash flow from operations has been forecasted by the Company at approximately $32.5 million for 2011, based upon an
estimated average natural gas price of $3.50 per mcf for the calendar year, an estimated average oil price of $85.00 per barrel
and an average 2011 production rate of approximately 6,800 boe/d.
"2010 saw Terra advance our unconventional Montney gas play into a world class asset. Terra's focus during 2011 will continue
to be on moving this play forward at an accelerated pace of development. The immediate challenge will be to unlock the
tremendous upside in our Montney play, which, in turn, should unlock the potential of Terra's capital stock." said Cas H. Morel,
President and CEO. "What has changed for 2011 is the recognition that the play is now big enough to carry itself going forward.
To this end, the Company will be seeking new capital, from private equity sources or through possible joint venture
arrangements, which will allow quicker development. Not simply to develop higher levels of commercial production and cash
flows, but to continue de-risking the play and proving up the resource. Our ability to raise new capital by finding a partner for our Montney play will, in turn, allow Terra to direct the cash flows from our non-Montney operations towards oilier projects and towards the development of new unconventional/resource plays within our substantial land base across Alberta and British Columbia."
The 2011 Capex Plan has been designed to maintain the Company's current daily average production rate through 2011 and
limit capital spending to cash flows received from operations. The Company will primarily pursue projects having one or more
oil (or liquids rich) targets while continuing to advance its Montney unconventional gas play. Approximately 90 percent of the
2011 Capex Plan is directed at non-Montney operations which can and should foster a new cycle of growth opportunities.
On November 15, 2010, the Company announced that it had engaged GMP Securities LP and Scotia Capital Inc., as joint
financial advisors, to assist the Company in raising private equity for the Company's Montney operations. Successful
completion of the targeted funding will certainly have a significant impact on that portion of the 2011 Capex Plan allocated towards Montney operations, and may also result in the Company re-visiting that portion of the 2011 Capex Plan allocated
towards non-Montney operations. The Company continues to work with its financial advisors in this regard and will provide
appropriate updates to the market during the coming months.
The Montney consistently ranks among the best shale gas plays in North America in terms of technical merits, size and economics.
Howardhaftel
15 years ago
Terra Energy & Resource Technologies to Explore Pertamina's Oil & Gas Block in Indonesia -- a Service Contract Signed for a STeP
Date : 04/12/2010 @ 7:00AM
Source : GlobeNewswire Inc.
Stock : Terra Energy & Resource Technologies, Inc. (TEGR)
Quote : 0.104 -0.001 (-0.95%) @ 8:30AM
Terra Energy & Resource Technologies to Explore Pertamina's Oil & Gas Block in Indonesia -- a Service Contract Signed for a STeP
NEW YORK, April 12, 2010
GLOBE NEWSWIRE
Terra Energy & Resource Technologies, Inc. (OTCBB:TEGR), a natural resource exploration technology company, announces the service contract for the analysis of an onshore license block controlled by Pertamina, an Indonesian state-owned oil and gas company. The agreement was signed with Pertamina's service contractor PT. Wahana Petranusa.
Terra Energy & Resource Technologies will receive cash fees for providing exploration services using its proprietary STeP® technology in connection with a large license block located in Sumatra, Indonesia to determine and delineate areas of oil and gas prospectivity.
"Indonesia is a recognized oil and gas producing country, and our entry into the Indonesian exploration market is a significant milestone for the Company. Pertamina is one of the largest oil and gas companies in the world and is the most profitable state company in Indonesia," said Dr. Alexandre Agaian, Terra Energy & Resource Technologies' President. "There were several recent unsuccessful drilling attempts on this license block, and Terra is excited to take on the challenge of exploration where traditional methods failed."
"PT. Wahana Petranusa and Pertamina recognize the value of Terra's technologies and are using this contract as a pilot," said Dmitry Vilbaum, Terra Energy & Resource Technologies' Chief Executive Officer. "We are confident that this contract will open other doors within Pertamina and the country of Indonesia."
About Terra Energy & Resource Technologies, Inc.
Terra Energy & Resource Technologies, Inc., through its subsidiary Terra Insight Services, Inc., provides mapping and analysis services for exploration, drilling, and mining companies related to natural resources found beneath the surface of the Earth. The Company uses a suite of innovative and efficient technologies, which facilitate the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources, and assesses them for any given geographic area -- on or offshore. For more information, visit http://www.terrainsight.com.
Safe Harbor for Forward-looking Statements
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its operations, its plans to acquire interests in exploration properties or technologies, plans to drill or drilling results to fail to materialize, including, but not limited to: competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions.
CONTACT: Terra Energy & Resource Technologies, Inc.
212-286-9197
info@terrainsight.com
Howardhaftel
15 years ago
Terra Energy & Resource Technologies Gains a Market Partner in South America
Date : 04/07/2010 @ 9:07AM
Source : GlobeNewswire Inc.
Stock : Terra Energy & Resource Technologies, Inc. (TEGR)
Quote : 0.095 0.0 (0.00%) @ 8:17AM
Terra Energy & Resource Technologies Gains a Market Partner in South America
NEW YORK, April 7, 2010
GLOBE NEWSWIRE
Terra Energy & Resource Technologies, Inc. (OTCBB:TEGR), a natural resource exploration technology company, announces today that the Company is expanding its oil and gas exploration services offering in South America by signing a market partner agreement with Solvex S.A., an Argentine consulting firm. The contract sets forth a market partner framework between the companies, granting Solvex certain rights in connection with the sales and marketing of the Terra exploration services in South America.
"Solvex is a strong local partner, knowledgeable in the South American oil and gas landscape. Solvex has already presented Terra with several opportunities for projects in Argentina, Peru, and Colombia, quickly demonstrating to us the professionalism and understanding of the local business community," said Dmitry Vilbaum, Chief Executive Officer of Terra Energy & Resource Technologies. "We have recently met with one of Solvex principals, and we are encouraged that our existing services network in other countries is complemented by Solvex," Dmitry added.
Dr. Alexandre Agaian, Terra Energy & Resource Technologies' President, noted that the South American exploration and production industry is large due to the continent being rich in oil and gas as well as mineral resources. Dr. Agaian also stated: "We plan on visiting Argentina as well as other neighboring countries in April or May of 2010 to present our innovative exploration capabilities to potential clients, introduced to us by Solvex. Solvex is a supporter of Terra's technologies; its recognition of the value Terra brings to the exploration process helps to grow the companies' relations rapidly."
About Terra Energy & Resource Technologies, Inc.
Terra Energy & Resource Technologies, Inc., through its subsidiary Terra Insight Services, Inc., provides mapping and analysis services for exploration, drilling, and mining companies related to natural resources found beneath the surface of the Earth. The Company uses a suite of innovative and efficient technologies, which facilitate the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources, and assesses them for any given geographic area -- on or offshore. For more information, visit http://www.terrainsight.com.
Safe Harbor for Forward-looking Statements
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its operations, its services and service offerings, its plans to acquire interests in exploration properties or technologies, plans to drill or drilling results to fail to materialize, including, but not limited to: competition for new acquisitions, availability of capital, unfavorable geologic conditions, prevailing prices for oil, natural gas and other natural resources, and general regional economic conditions.
CONTACT: Terra Energy & Resource Technologies, Inc.
212-286-9197
info@terrainsight.com
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