Terra Nova Energy:
Focused on exploring for and developing low
cost, high margin oil (Cost per barrel is around 23$ - 28$ as confirmed by the CEO) and gas opportunities in safe
jurisdictions within the Pacific Rim Region.
The oil found in the Cooper basin is light sweet crude which receives Premium pricing (10% to 15% higher then the market price for international Brent oil).
87,533,785 Million Shares
7,625,000 Million Options
= 95,158,785 Million fully diluted as of Februari 2016
Management mostly comes from PacLNG, a group build around the current CEO and senior advisor Carlo Civelli. Their last company was sold for 900 million dollars. Carlo Civelli has a history of developing junior resource companies into billion dollar companies or selling them to the highest bidder. A recent interview with him - in which he also discusses Terrra Nova Energy - can be found here:
An interview with the CEO in which he discusses Terra Nova, oil markets and macro economic situations:
Company Investor Presentation (always contains the latest information so a very good resource):
The company currently owns 20.66% of 2 onshore blocks on the western flank of the Cooper/Eromanga Basins: PEL 112 and PEL 444.
2,252 SQ KM or 556,473 acres
PEL 112 1,086 sq km (268k acres)
PEL 444 1,166 sq km (288k acres)
only 6% of PEL 112 and PEL 44 have been shot with 3D
seismic as of yet leaving a substantial exploration upside.
Other owners of the properties are:
Holloman Energy 48.50%
Perseville Investing Inc. 30.83%
Perseville is owned by Carlo Civelli - the company's senior advisor and major investor, he bought out other minority holders starting late 2014.
3D Seismic on PEL444 have shown oil channels of about 1480 hectares large. A nearby oil field of Senex Energy is 316 hectares and has about 19,8 MMBO.
If you apply the same math then 1480 hectares comes to a possible 92,7 MMBO. (Remember - this is only on a very small % of their total acreage !)