Terra Energy & Resource Technologies Expands Its Services Offering Into India via a Market Partner Agreement
October 05 2010 - 6:00AM
Marketwired
Terra Energy & Resource Technologies, Inc. (OTCBB: TEGR), a
natural resource exploration technology company, is expanding its
oil and gas and other minerals exploration services offering to
India by signing a market partner agreement with Saturn Energy
Solutions for Oil & Gas (Saturn), a geological and geophysical
consulting firm in India. The contract sets forth a market partner
framework between the companies, granting Saturn certain rights in
connection with the sales and marketing of Terra exploration
services in India.
"We started using the market partner strategy last year and we
now have agreements for areas on several continents. Through our
South American and South Asian partners, this year we have obtained
or carried out service contracts in Argentina, Cambodia, and
Indonesia. Our partners helped us to establish many key
relationships and to advance with numerous sales prospects and
negotiations, creating a significant business pipeline for Terra,"
said Dr. Alexandre Agaian, President of Terra Energy & Resource
Technologies.
Dr. Agaian noted that India is a well-established oil and gas
exploration and production country, also stating: "Saturn is not
just a business development firm, but a multi-service geophysical
and geological consulting company with insight into the Indian oil
and gas exploration industry and related services landscape.
Saturn's impressive team consists of seasoned geoscientists and
engineers. We are encouraged by this new market partner
relationship, extending the Terra service offering into India."
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 and business plans, 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.
For More Information, Please Contact: Terra Energy &
Resource Technologies, Inc. 212-286-9197 info@terrainsight.com
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