PanTerra Resources Corp. (PANNF)

[tr8dervic]

PanTerra Company Update
Wednesday September 3, 11:06 am ET


PAN - TSXV
CALGARY, Sept. 3 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to announce that after several months of reservoir and engineering evaluations it is preparing for its 2008 fall field program. The program will consist of well completions, fracture stimulations, drilling, coring and geophysical work utilizing flow-through funds raised earlier this year.
PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas and its deeper rights potential in the Province of Saskatchewan. The Company holds 'all rights' in three Exploration Permits for a total of approximately 1.1 million acres in the Province of Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.


The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

Fred P. Rumak P.Geol., President and C.E.O. at [phone], Email: [e-mail]
or Herve B. Collet, V.P. Operations/C.O.O. at [phone], Email: [e-mail]



--------------------------------------------------------------------------------
Source: PanTerra Resource Corp.

[onco]

WTF happened today 6/2

[tr8dervic]

PanTerra Closes $5 Million Private Placement
Thursday May 8, 2:56 pm ET

PAN - TSXV
CALGARY, May 8 /CNW/ - PanTerra Resource Corp. (the "Company") wishes to announce that it has closed its previously announced private placement financing with Paradigm Capital Inc. as co-lead agent, together with Becher McMahon Capital Markets Inc. (collectively, the "Agents") on May 8, 2008 (the "Offering"). The Offering was comprised of 4,286,000 common flow-through shares of the Company issued at a price of $0.35 per share and 11,667,000 units ("Units") of the Company issued at a price of $0.30 per Unit. Each Unit consists of one common share and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant is exercisable into one common share of the Company at a price of $0.40 per share until November 8, 2009. Gross proceeds realized by the Company from the Offering totaled $5,000,200.00.

The Agents received an aggregate commission of 8% and Agent's Options exercisable to purchase such number of Units as is equal to 8% of the aggregate number of Units and Flow-Through Shares purchased under the offering.

The Company intends to use such funds to further develop its Shale Gas properties in the Province of Saskatchewan and for general and administrative purposes.

PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas and its deeper rights potential in the Province of Saskatchewan. The Company holds 'all rights' in three Exploration Permits for a total of approximately 1.1 million acres in the Province of Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.


The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

Fred P. Rumak, P.Geol., President and C.E.O., at [phone], Email: [e-mail]
or Herve B. Collet, V.P. Operations/C.O.O., at [phone], Email: [e-mail]



--------------------------------------------------------------------------------
Source: PanTerra Resource Corp.

[tr8dervic]

PanTerra Announces $5 Million Private Placement/
Tuesday April 22, 5:00 am ET


PAN - TSXV
CALGARY, April 21 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to announce that it has entered into an agreement with Paradigm Capital Inc., as co-lead together with Becher McMahon Capital Markets Inc. (collectively, the "Agents"), pursuant to which the agents have agreed to offer on a best efforts private placement basis, 10,000,000 units of the Company ("Units") at a price of $0.30 per unit and 5,714,286 flow-through common shares of the Company ("Flow-Through Shares") at a price of $0.35 per share. Each Unit shall consist of one common share of the Company and one-half of one share purchase warrant. Each whole warrant shall be exercisable at any time for one common share at a price of $0.40 per share for a period of 18 months following the closing.

Proceeds of the Flow-through Share offering will be used to incur CEE on the continuing exploration of the Company's oil and natural gas properties prior to December 31, 2009. Proceeds of the Unit Offering will be used for general corporate purposes.

The offering is scheduled to close on or about May 8, 2008 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including approval of the TSX Venture Exchange.

The Agents shall be entitled to a cash commission equal to 8.0% of the gross proceeds of the offering. As an additional consideration, the Company will issue to the Agents, broker's warrants exercisable to purchase such number of Units as is equal to 8% of the aggregate number of Units and Flow-through Shares purchased under the offering. Such broker's warrants will be exercisable for a period of 18 months following the closing at an exercise price of $0.30 per unit.

The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available.

The Company also wishes to advise that in its recent press release announcing the appointment of William G. Turnbull as Director, that Mr. Turnbull 'was formerly' a Director and Officer of Carma Developers Ltd. and holds a Bachelor of Arts degree in Economics from Wilfred Laurier University. The Company apologizes for this error.

PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas and its deeper rights potential in the Province of Saskatchewan. The Company holds 'all rights' in three Exploration Permits for a total of approximately 1.1 million acres in the Province of Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.


The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

Fred P. Rumak P.Geol., President and C.E.O. at [phone], Email: [e-mail]
or Herve B. Collet, V.P. Operations/C.O.O. at [phone], Email: [e-mail]



--------------------------------------------------------------------------------
Source: PanTerra Resource Corp.

[HonestInjun]

Bakken---

By my math, there's about 7 TOWNSHIPS that Pan holds--W, WSW, of Moosejaw that are possibly Bakken plays.

[tr8dervic]

PAN.V or PANNF.PK weekend news story in Canada caused spike today

Calgary Herald
Saturday, April 12, 2008

PanTerra Resource Corp. vice-president Herve Collet, left, and president and CEO Fred Rumak say Canada is waking up to the potential of shale and believe the company's Saskatchewan assets could hold more than 60 trillion cubic feet of natural gas.

After big discoveries in British Columbia and Quebec, a small Calgary company is hoping Saskatchewan will be the next shale gas hot spot.

That's because tiny PanTerra Resource Corp. has almost half a million hectares of prospective land near Moose Jaw it says could hold more than 60 trillion cubic feet of unconventional gas reserves.

"Shale gas is basically unknown in Canada," compared to the United States, where it is well-established, says vice-president Herve Collet. "We looked around and said there are other places to do this."

"It's a new game in town," adds president Fred Rumak. "People are finally waking up to it in Canada."

PanTerra is a latecomer to the shale gas party after big discoveries in other parts of the country.

In February, Houston-based EOG Resources said it might have tapped more than six trillion cubic feet in an area of B.C. known as the Horn River basin, in the extreme northeast portion of the province.

On Wednesday, Apache Corp. said test wells in the region produced as much as eight million cubic feet per day.

Also last week, Denver-based Forest Oil said the St. Lawrence lowlands in Quebec could hold four trillion cubic feet after a pair of experimental test wells drilled this winter yielded commercial quantities of gas.

The Quebec discovery sent the shares of Calgary-based Questerre Energy, which has a stake in the find, soaring from about 30 cents to $2.45 in less than a week. Now PanTerra, which closed at 13 cents on Friday, is hoping for more of the same.

"He (Questerre CEO Michael Binnion) shopped that play for eight years before people would listen to him," Collet says. "We hope it won't take us that long."

After three years and sinking $12.5 million into the Saskatchewan shale play, Rumak says the company is ready to follow Questerre's route to commercial success by bringing in a strategic partner. "We're looking for our Forest Oil."

The company has been in discussions with potential cohorts, with interest from larger American players.

The U.S. has had considerably more experience with unconventional gas and several large independents are looking north, outside their traditional hunting grounds in Texas and Utah.

Last August, Dallas-based Hunt Oil Co. outbid PanTerra for a $4.1-million exploration parcel adjacent to its existing land.

On Monday, the Saskatchewan government took work commitments totalling $5.7 million for four gigantic exploration parcels covering more than 250,000 hectares.

Rumak and Collet are hoping the $265-million sale result will continue to shine the spotlight on the shale potential of the province.

Geologists have known for decades that shale rocks hold significant quantities of natural gas, but getting the gas out of the ground has so far proven to be an insurmountable technical challenge.

That's because the rocks have to be fractured, or broken, to release the gas and allow it to flow to the surface.

Much of the renewed interest is due to new drilling and completion techniques that are unlocking the shale treasure chest.

Long-reach horizontal wells expose more of the rock for production, while multi-stage fractures open up more of the well to release gas.

The developments have spawned a whole new service industry catering to the special needs of unconventional gas players.

In January, Calgary-based GasFrac Energy Services performed the world's first fracture treatment using propane gel on a PanTerra test well. GasFrac has since gone on to perform two-dozen additional treatments based on the success of the first.

"It just happened we were building a product and they (PanTerra) had an application for it," says Eric Tudor, the company's vice-president of sales. "The more unconventional it is, the more potential there is."

Kirk Wilson, an analyst with Clarus Securities Inc. rates PanTerra as a speculative buy that could top $1.

"The knowledge level is going up exponentially in Canada.

"It's a situation where the technology transfer from the U.S. to Canada is opening up a lot of unconventional resources."

As conventional sources for natural gas are becoming economically challenging, Wilson says unconventional plays like shale gas will play a larger role in meeting gas demand -- with caveats.

"Shale is the biggest, most readily available rock in North America, but you need all the checkmarks next to all the right boxes."

[e-mail]

© The Calgary Herald 2008

[tr8dervic]

CALGARY, April 14 /CNW/ - PanTerra Resource Corp. (The "Company") wishes
to report that it was mentioned in a Calgary Herald article covering Shale Gas
over the weekend and wishes to inform that it is proceeding with business as
usual.

PanTerra Resource Corp. is an Alberta-based resource company focused on
the exploration and development of unconventional shallow and shale gas. The
Company holds three exploration permits for a total of 1.1-million acres on
three properties in Saskatchewan. PanTerra trades on the TSX Venture Exchange
under the symbol "PAN". Further information can be found at
www.panterraresource.com.

[tr8dervic]

PanTerra "SEDAR" Files 2007 Statement of Reserves Data
Wednesday April 2, 10:00 am ET


Sees 77% increase in assigned In-Place Gas Resources
PAN - TSXV
CALGARY, April 2 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to report that it has received its 2007 Engineering Report by Sproule Associates Limited ("Sproule") of Calgary, Alberta and has SEDAR filed the 'Statement of Reserves Data' as per regulatory requirements.
Sproule has assigned 'Discovered (In-Place) Gas Resources' to the Company in compliance with Canadian Oil and Gas Evaluation Handbook definitions and is able to disclose such resources as in-place volumes. 'Discovered Resources' are defined in the COGE Handbook as, "those quantities of oil and gas estimated on a given date to be remaining in, plus those quantities already produced from, known accumulations. Discovered resources are divided into economic and uneconomic categories, with the estimated future recoverable portion classified as reserves and contingent resources, respectively".

On the effective date (December 31, 2007) of the Sproule report, not all the data supplied by the Company was completely evaluated thus not all of the properties the Company operates have been assigned in-place volumes at the time of our SEDAR filing.


Table S-2
Summary of Discovered (In-Place) Gas Resources

Working
Interest Gross Gas-in-Place Net Gas-in-Place
Area % (Bcf Raw) (Bcf Raw)
-------------------------------------------------------------------------

Moose Jaw,
Saskatchewan 100 1,884 1,884
Foam Lake,
Saskatchewan 100 none at this time none at this time
Shell Lake,
Saskatchewan 100 none at this time none at this time

Total Unproved
Properties 1,884 1,884
-------------------------------------------------------------------------

Although the Company has discovered gas resources in the Foam Lake and Shell Lake properties, those resources have not been recognized in this report because insufficient data is available to permit a quantitative estimate of the in-place volumes to be made at this time.
A 77% increase in 'discovered resources' (as defined above) has been assigned over what was reported in the Company's March 2, 2007 press release.

While the Sproule Report considers that "gas has been discovered" on the Company's holdings at Shell Lake and Foam Lake, more data for gas in-place estimates will have to be supplied by the Company.

The Company's principal targets of interest on the exploratory permits lie within the shales, siltstones and thinly bedded sands of the Milk River, First and Second White Speckled shale and Barons formations which are Upper Cretaceous in age and occur at shallow depths in the province of Saskatchewan. The Company is pursuing accumulations of 'biogenic gas' in these unconventional reservoirs.

Since acquiring these large land holdings, the Company (as Operator) has participated in the drilling of 36 wells, of which 3 were at Shell Lake, 17 at Foam Lake, 16 at Moose Jaw. The Company maintains a 100% working interest in all of its current holdings in the province of Saskatchewan. The Company lands are serviced by a complete infrastructure including sufficient pipeline capacity and all weather roads. There are currently no land expiry problems and the economic viability of gas projects are always at risk to gas market conditions.

Although the Company has completed 7 wells to date, it has not yet demonstrated that these resources are technically or economically viable to produce. Additional work is required to determine the quality and properties of the potential shale-gas reservoirs and investigate both the technical feasibility and economic viability of producing the Discovered Resources.

As of the effective date of this report, it is not possible to estimate what portion of the resources discovered on the Company's lands to date might be recoverable using technology under development, nor is it possible to estimate the portion that might be recoverable by future development projects. For these reasons, the resources have been classified simply as "Discovered Resources" and reported as "In-Place" volumes.

Although discovered resources are interpreted to exist on the Company's properties, there is no certainty that they will be economically viable or technically feasible to produce any portion of those discovered resources.

The Company also wishes to announce that it has voluntarily withdrawn its preliminary prospectus offering announced on November 19, 2007 due to market conditions.

PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas. The Company holds three exploration permits for a total of 1.1-million acres on three properties in Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.


The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

Fred P. Rumak, P.Geol., President and C.E.O., [phone], Email: [e-mail]
Herve B. Collet, V.P. Operations/C.O.O., [phone], Email: [e-mail]

[tr8dervic]

PanTerra Announces Company Update
Wednesday March 5, 12:02 pm ET


PAN - TSXV
CALGARY, March 5 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to announce that it has completed a number of fracture stimulation programs involving the use of Nitrogen and Gelled Propane.
Both fracture stimulation types were successfully placed and the wells were immediately flowed back. These wells are presently shut-in to record pressure build-ups.

The Company is preparing to fracture stimulate other zones (approximately 3 zones per well) that are behind pipe in the 36 wells on its three Exploratory Permits in Saskatchewan. Once other zones have been fracture stimulated and flow tested, the Company intends to add compression to further test the capability of these wells.

PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas in the Province of Saskatchewan. The Company holds 'all rights' in three Exploration Permits for a total of approximately 1.1 million acres in the Province of Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.


The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

Fred P. Rumak, P.Geol., President and C.E.O., at [phone], Email: [e-mail]
or Herve B. Collet, V.P. Operations, C.O.O., at [phone], Email: [e-mail]



--------------------------------------------------------------------------------
Source: PanTerra Resource Corp.

[J.C.N.]

http://biz.yahoo.com/ccn/071219/200712190433031001.html?.v=1


CALGARY, ALBERTA--(Marketwire - Dec. 19, 2007) - Darrell Brown, President and CEO of Mooncor Oil & Gas Corp. (the "Corporation") (TSX VENTURE:MOO - News), is pleased to report that the Corporation has signed an agreement with PanTerra Resource Corporation, acquiring PanTerra's 50% interest in the previously jointly-owned White Hill Lakes heavy oil and shale gas property. This acquisition allows Mooncor to focus on the heavy oil potential of the White Hill Lakes property and gives Mooncor operatorship and a 100% ownership interest at White Hill Lakes........

[tr8dervic]

PanTerra in close proximity to Nordic lands
Tuesday November 20, 10:44 am ET


PAN - TSXV
CALGARY, Nov. 20 /CNW/ - PanTerra Resource Corp. (The "Company") holds a 100% working interest in approximately 20 townships of land in close proximity to Nordic Oil & Gas's Preeceville lands which have recently been reported to contain "oil seeps" consisting of "the presence of methane, ethane and propane, along with a strong concentration of butane".
PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas in the Province of Saskatchewan. The Company holds three Exploration Permits and four licenses for a total of 1.1-million acres on four properties in Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.


The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

Fred P. Rumak P.Geol., President and C.E.O. at [phone], Email: [e-mail] or Herve B. Collet, V.P. Operations/C.O.O. at [phone], Email: [e-mail]



--------------------------------------------------------------------------------
Source: PanTerra Resource Corp.

[J.C.N.]

tr8dervic,

I agree about the pay for exposure thoughts that you shared.
Anyway have a good day and hope your stocks are doing well.
Brent

[tr8dervic]

Brent, thank you. Nice writeup that I haven't seen before.

Only small bummer is the disclosure at the end:

"Big Picture Geoscience Inc. (BPG) receives a
retainer fee of $1,500 per month and the reimbursement
of preapproved expenses from
PanTerra. Additionally, BPG received 150,000
incentive stock options. The options will be
exercisable over a 12-month period at 28
cents per share, with 25 per cent of the options
vesting every three months."

I personally think a co is better off putting out their own PR's on a timely basis keeping investors abreast of current developments and progress toward stated goals. But different strokes for different folks. Maybe Panterra mgmt feels they are lacking in the PR dept.

Good luck,

Vic

[J.C.N.]

Received this in my email today. Interesting but most we already knew due to our past DD.

http://jimletourneau.typepad.com/PanTerra_Resource_Corp.%20.pdf

[tr8dervic]

Panterra grants incentive stock options; signs investor relations agreement
Friday October 26, 4:54 pm ET


PAN - TSXV, PANNF.PK
CALGARY, Oct. 26 /CNW/ - PanTerra Resource Corp. (The "Company") announces that pursuant to the terms and conditions of its 2007 Stock Option Plan, it has granted, in the aggregate, 800,000 incentive stock options (the "Options"), to certain Directors, Officers and Employees of the Company. The Options will be exercisable over a three year period at $0.28 per share, with 33.3% vesting immediately, then 33.3% in one year, and the final 33.3% vesting in two years.

PanTerra is also pleased to announce, conditional on approval from the TSX Venture Exchange, that it has entered into an independent contract with Big Picture Geoscience Inc. ("Big Picture"), to provide investor relations services for the Company. This contract may be renewed semi-annually.

Big Picture is a Calgary-based investor relations firm run by Jim Letourneau P.Geol. that provides corporate and investor relations services to Canadian public companies. The services to be provided include increasing the Company's visibility to current shareholders and to reach out to potential shareholders via the introduction of the Company to money managers and institutional fund managers.

Pursuant to the agreement, Big Picture will receive a retainer fee of $1,500 per month and the reimbursement of pre-approved expenses. These fees will be paid out of the Company's general working capital. Additionally, Big Picture will receive 150,000 incentive stock options. The Options will be exercisable over a 12 month period at $0.28 per share, with 25% of the options vesting every three months.

PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas in the Province of Saskatchewan. The Company holds three Exploration Permits and four licenses for a total of 1.1-million acres on four properties in Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.


The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

Fred P. Rumak, P.Geol., President and C.E.O., at [phone], Email: [e-mail]



--------------------------------------------------------------------------------
Source: PanTerra Resource Corp.

[tr8dervic]

Honest, Thanks for checking in and please continue to update us when possible.

Vic

[HonestInjun]

Pan has experimented with developing (getting the gas out, the formations to yield) with 3 or 4 holes.
They've got about another 37 to work on. They've gotten a phenomenal amount of drilling done and done it using funds very thriftily. BUT--the key is still recovering the gas.

[tr8dervic]

PanTerra Closes Acquisition of Stealth's Saskatchewan Assets
Monday October 1, 2:19 pm ET


PAN - TSXV PANNF.PK
CALGARY, Oct. 1 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to report that it has closed (subject to final TSX-V approval) its previously announced intention to acquire Stealth Venture Ltd's (Stealth) 50% share of the jointly held assets (1.1 million acres (gross)) in the province of Saskatchewan. The Company now controls 1.1 million acres (net) in the province with a 100% working interest. In consideration for this transaction, the Company will issue to Stealth 13,000,000 common shares of the Company at a deemed value of $0.25 per share, such shares shall be subject to a one year hold period. This transaction is considered an 'Arms Length Transaction' and no finder's fees were paid as a result.

The Company also reports that it has completed and fracture stimulated a number of zones in four wells on two of its properties, Moose Jaw and Foam Lake, which represents approximately 10% of the completion and stimulation program currently underway. All wells were flowed back after nitrogen based fracture stimulations and yielded natural gas in increasing amounts.

Fred Rumak, President stated, "Completion and fracture stimulation costs incurred to date have been below original budgeted costs due to general industry conditions and operational efficiencies employed by the stimulation contractors. Lower completion costs, combined with favorable provincial royalty rates in Saskatchewan (5% to 7% for unconventional natural gas) enhance shale gas project economics."

PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas. The Company holds three exploration permits and four licenses for a total of 1.1 million acres (net) on four properties in the province of Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.


The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

Fred P. Rumak, P.Geol., President and C.E.O. at [phone], Email: [e-mail] or Herve B. Collet, V.P. Operations/C.O.O. at [phone], Email: [e-mail]



--------------------------------------------------------------------------------
Source: PanTerra Resource Corp.

[tr8dervic]

PanTerra Announces Major Acquisition in its Core Area. Stealth Converts Working Interest to Share Position
Thursday September 13, 10:15 am ET


TSX-V "PAN" TSX-V "SLV"
CALGARY, Sept. 13 /CNW/ - PanTerra Resource Corp. ("PanTerra") and Stealth Ventures Ltd. ("Stealth") wish to announce that they have concluded an agreement whereby PanTerra will acquire Stealth's 50% working interest in all of PanTerra-operated, joint venture shale gas properties in Saskatchewan. Further to an agreement dated September 12, 2007, PanTerra will issue Stealth 13,000,000 shares from treasury as payment for Stealth's interest in the properties. These shares will be restricted from trading for a period of one year. This agreement is subject to formal documentation and regulatory approval.

This arrangement allows PanTerra to consolidate and control its exploration and development efforts in Saskatchewan with a 100 % working interest in the subject lands. This gives Stealth the opportunity to focus on their operated unconventional gas properties while retaining an interest in Saskatchewan by obtaining an equity position in PanTerra.

PanTerra is encouraged with the test results of fracture stimulations conducted in selected wells on its lands in late August, as the wells continue to flow back gas in increasing amounts. PanTerra intends to release further operational details in the near future.

PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas. It holds three Exploration Permits and four licenses for a total of 1.1-million acres on four properties in Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.

Stealth Ventures Ltd. is a Calgary-based junior oil and gas company whose expertise and focus is on unconventional gas reserves including CBM, shale gas and tight gas sand reservoirs.


The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

Fred P. Rumak, P.Geol., President and C.E.O. at [phone], Email: [e-mail]
Herve B. Collet V.P. Operations/C.O.O., at [phone], Email: [e-mail]
W. Robert Bell, CEO, Mark J. Roth, CFO, Stealth Ventures Ltd., Tel.: [phone], Fax: [phone], Emails: [e-mail]
Investor Relations, First Canadian Capital Corp., Tel.: [phone], Tel.: [phone], Email: [e-mail]



--------------------------------------------------------------------------------
Source: PanTerra Resource Corp.; Stealth Ventures Ltd.

[tr8dervic]

PanTerra Reports Deeper Rights Seismic Review Option
Wednesday August 8, 11:59 am ET


PAN - TSXV
CALGARY, Aug. 8 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to report that in order to remain focused on its shallow gas potential covering its 1.1 million acres (gross) in Saskatchewan, it and its 50% partner have reached an agreement with Endeavor Energy Corp. and Ranchmans Resources Ltd. whereby Endeavor and Ranchmans (together the "Optionee") have agreed to a 'Seismic Option' focused on the 'deeper rights' within the Company's Saskatchewan land base.
The agreement calls for the optionee to commit to a minimum expenditure of $500,000 on a seismic program on Company lands prior to year end, at which time the optionee shall elect to either commit to shoot an additional $500,000 seismic program on these lands or elect to drill a deeper well on these lands at a location of its choice. PanTerra and its partner will retain a 10% GORR on all of the deeper rights on these lands and have the option to participate in the drilling of any deeper test up to a maximum 20% working interest. All monies spent by the optionee will go towards any yearly work commitments of the Company under applicable government regulations and the optionee, once having earned in the lands, will pay its share of the yearly rental fees. Earning will be as per Saskatchewan Government license regulations as to depth drilled.

PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas. The Company holds three exploration permits and four licenses for a total of 1.1 million acres (550,000 acres net) on four properties in the province of Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.


The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

Fred P. Rumak, P.Geol., President and C.E.O. at [phone], Email: [e-mail] or Herve B. Collet, V.P. Operations/C.O.O. at [phone], Email: [e-mail]



--------------------------------------------------------------------------------
Source: PanTerra Resource Corp.

[J.C.N.]

Vic,

Well should be fun in time. Thanks again.

Brent

[tr8dervic]

No problem...have to keep it current for all nine of us, lol.

[J.C.N.]

Vic,
Thanks for the update on PanTerra. Appreciate you updating the ibox.
TIA
Brent

[tr8dervic]

Brent, the q1/07 unaudited financials are out on Sedar. As you know they can't be posted anywhere else.

No great shakes...net loss 250k vs 166k. Cash 3.6 mil vs 3.3 mil (Some warrants were exercised).

O/S up slightly due to warrants exercise. I'll update the ibox accordingly.

Still a development play at this time.

Best of luck,

Vic

[J.C.N.]

tr8dervic,
Thanks for your continued updates. Let me know when the unaudited financials come out on Sedar.
Brent

[tr8dervic]

PanTerra Reports Lab and Field Test Data
Wednesday May 23, 12:14 pm ET


PAN - TSXV
CALGARY, May 23 /CNW/ - PanTerra Resource Corp. (The "Company") is pleased to report that it has received core and geochemical data from specialized labs in the USA. Preliminary Perforation Inflow Test results are also presently being analyzed.Core data from Foam Lake, Moose Jaw and WhiteHill Lakes show permeabilities ranging from 0.01 to 32.3 millidarcies with an average of 4.02 millidarcies. These values are considered good to excellent by industry standards in terms of the formation's potential ability to flow gas.

Total Organic Content (TOC) from the drill cuttings range from 0.31% to 11.72%, with an average of 3.76 %. TOC values above 0.5% are considered sufficient by industry standards to generate in-situ biogenic gas.

Perforation inflow test results from a select number of wells recorded unstabilized reservoir pressures as high as 494 Psi at Foam Lake and 878 Psi at Moose Jaw, which are at or near hydrostatic pressures for their respective depths.

The Company will use this data to develop fracture stimulation programs it intends to undertake in the near future.

Furthermore, two additional wells have been licensed, one at Shell Lake and one at Foam Lake. Drilling and coring will commence within the next week to further define the gas potential at these locations.

The Company also wishes to announce that it has filed with applicable Canadian securities regulatory authorities, its unaudited First Quarter (2007) financial statements which will be available for viewing on SEDAR.

PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas. The Company holds three exploration permits and four licenses for a total of 1.1-million acres (550,000 acres net) on four properties in the province of Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.


The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

Fred P. Rumak, P.Geol., President and C.E.O. at [phone], Email: [e-mail]
or Herve B. Collet, V.P. Operations/C.O.O. at [phone], Email: [e-mail]



--------------------------------------------------------------------------------
Source: PanTerra Resource Corp.

[tr8dervic]

Brent, that's good.

Thanks,

Vic

[J.C.N.]

tr8dervic,
I did and it works thanks.
Brent

[tr8dervic]

Brent, you're welcome. Hope BW doesn't mind! Did you try the Stockhouse link right above that to see if it works for you?

Vic

[J.C.N.]

tr8dervic, Thanks for the Bobwins conversion.
Brent

[tr8dervic]

Nice explanation by Bobwins on VMC board of converting from CDN to US pinksheet versions:

http://www.investorshub.com/boards/read_msg.asp?message_id=19270219

[tr8dervic]

I added a quote convertor to the ibox just above the chart. It is a 15 minute delayed quote from Stockhouse.com. Towards the bottom of the quote screen there is a pull down menu where you can toggle between CDN & USD quotes.

http://www.stockhouse.com/comp_info.asp?symbol=PAN&table=list&conversion=1&advanced=1&am...

The USD quote is helpful for setting bid and offer prices in PANNF.

Vic

[tr8dervic]

To recap the share structure as of 12/31/06:

A/S = 100,000,000
O/S = 53,986,202
Warrants = 7,078,066
Vested Options = 3,203,334
Unvested Options = 1,406,666

Fully diluted w/options & wts = 65,674,268 as at 12/31/06.

Hard to say what exact o/s is right now due to warrants expiring on 2/10/07.

"As at December 31, 2006, 7,078,066 warrants with exercise prices ranging from $0.15 to $0.30 are
outstanding. These warrants expire on February 10 and July 7, 2007."

Undoubtedly "in the money" warrants will be exercised. The price of PAN.V was recently above the high exercise price of .30 so I would guess that most of them will be/have been exercised and o/s will be close to 60 million shares even and the fully diluted won't change or will decline slightly.



Vic

[tr8dervic]

Update on share structure from final report at Sedar:

Note 9. SHARE CAPITAL
a) Shares
Authorized
100,000,000 common shares without par value
Issued
Year Ended Year Ended
December 31, 2006 December 31,2005
Shares Amount Shares Amount
Balance, beginning of year 34,438,470 $ 10,533,874 14,110,446 $ 7,040,787
Issued for resource property acquisition 398,462 76,100
Issued for cash by way of private placement 8,251,255 2,986,189 19,440,062 4,137,000
Issued on exercise of options and warrants 11,751,541 2,807,346 489,500 79,400
Adjustment for rounding on 2004 share consolidation (64)
Shares cancelled as a result of agreements with
two former Directors (455,000) (99,500)
Transfer from contributed surplus on exercise of
options 163,591 -
Share issue costs (121,816) (799,413)
Balance shares, end of year 53,986,202 $ 16,269,684 34,438,470 $ 10,533,874
-----------------------------------------------------------------
b) Warrants
Balance , beginning of year 15,601,629 $ 395,163 - -
Add broker warrants 2,124,586 53,816 15,601,629 $ 395,163
Less warrants redeemed (10,261,541) (259,925) -
Less warrants cancelled (386,608) - -
Balance warrants, end of year 7,078,066 189,054 15,601,629 395,163
Balance shares and warrants, end of year $ 16,458,738 $ 10,929,037
As at December 31, 2006, 7,078,066 warrants with exercise prices ranging from $0.15 to $0.30 are
outstanding. These warrants expire on February 10 and July 7, 2007.
-----------------------------------------------------------------
c) Options
The Company has a Stock Option Plan whereby the Board of Directors is authorized to enter into incentive
stock option agreements with directors, officers, consultants and employees, up to a maximum of 10% of the
issued and outstanding shares as at the date of grant. The price is determined on the Date of the grant by
taking the closing price of the previous day on the TSX Venture Exchange. The options are non-transferable
and will expire thirty days after the optionee ceases to be an “eligible person”, or one year after the death or
disability of the optionee. At December 31, 2006 there were no shares authorized or reserved for stock option
grants other than for the options outstanding at that date as disclosed in the table below.
As at December 31, 2006 and 2005 the Company had the following stock options outstanding:
2006 2005
Weighted Weighted
average average
Number of exercise Number of exercise
Options price Options price
Outstanding, beginning of year 4,070,000 $ 0.22 1,100,000 $ 0.10
Granted 2,360,000 0.30 3,170,000 0.25
Exercised (1,490,000) 0.14 ( 200,000 ) 0.10
Expired or cancelled ( 330,000) 0.27 - -
Outstanding, end of year 4,610,000 $ 0.28 4,070,000 $ 0.22
Exercisable, at end of year 3,203,334 $ 0.28 4,070,000 $ 0.22
During the year 2,360,000 options were issued:
�� 300,000 fully vested,
�� 1,960,000 will vest equally over a three year period, with one third vested when issued and one
third vesting on each anniversary date,
�� 100,000 options, with one third vesting at the end of each one year period.
All options issued prior to the current year were fully vested when granted.

[tr8dervic]

PanTerra "SEDAR" Files 2006 Audited Financials and MD&A
Tuesday April 24, 5:18 pm ET


PAN - TSXV
CALGARY, April 24 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to report that it has SEDAR filed its 2006 year end 'Audited' Financial Statements, Notes to the Financials and Management Discussion and Analysis. They will be available for viewing on SEDAR and will also be posted on the Company's website noted below.
PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas. The Company holds three exploration permits and four licenses for a total of 1.1-million acres (550,000 acres net) on four properties in Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.


The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

Fred P. Rumak, P.Geol., President and C.E.O. at [phone], Email: [e-mail]
or Herve B. Collet, V.P. Operations/C.O.O. at [phone], Email: [e-mail]



--------------------------------------------------------------------------------
Source: PanTerra Resource Corp.

[tr8dervic]

Panterra Resource Corp. adopts Shareholder Rights Plan
Monday April 9, 2:36 pm ET


PAN - TSX-V
CALGARY, April 9 /CNW/ - PanTerra Resource Corp. ("PanTerra") today announced that its Board of Directors has adopted a Shareholder Rights Plan (the "Rights Plan").
The Rights Plan has been adopted by the Board of Directors to ensure the fair treatment of shareholders in connection with any take-over offer for the Corporation, and to provide the Board of Directors and shareholders with additional time to fully consider any unsolicited take-over bid. The Rights Plan will also provide the Board of Directors more time to pursue, if appropriate, other alternatives to maximize shareholder value.

The Rights Plan has conditionally been approved by the TSX Venture Exchange, is effective as of April 4, 2007 and must be approved by shareholders at the 2007 annual meeting of the shareholders of the Corporation. If approved by shareholders, the Rights Plan will have an initial term of three years. If not approved, the Rights will be redeemed in accordance with the terms of the Rights Plan.

The Corporation is not adopting the Rights Plan in response to any specific proposal to acquire control of the Corporation. The Rights Plan is similar to plans adopted by other Canadian companies and approved by their shareholders.

The Rights Plan is not intended to prevent take-over bids. Under the Rights Plan, those bids that meet certain requirements intended to protect the interests of all shareholders are deemed to be "Permitted Bids". Permitted Bids must be made by way of a take-over bid circular prepared in compliance with applicable securities laws and remain open for sixty days

Under the Rights Plan, Rights have been issued and attached to all common shares of the Corporation issued and outstanding as of the close of business on April 4, 2007. Rights will be issued upon any future issuance of any common shares of the Corporation that occurs prior to the Separation Time (as defined in the Rights Plan).

In the event a take-over bid does not meet the Permitted Bid requirements of the Rights Plan, the Rights will entitle shareholders, other than any shareholder or shareholders making the take-over bid, to purchase additional common shares in the Corporation at a substantial discount to the market value at the time.

PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas. The Company holds three permits and one license for a total of 1.1-million acres (550,000 acres net) on four properties in Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.


The TSX Venture exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

PanTerra Resource Corp., Fred P. Rumak (President and CEO), [phone], E-mail: [e-mail]
or Herve B. Collet V.P. (Operations and COO), [phone], [e-mail]



--------------------------------------------------------------------------------
Source: PanTerra Resource Corp.

[tr8dervic]

Links to both releases:

http://biz.yahoo.com/cnw/070302/panterra_sedar_files.html?.v=1

http://ca.news.finance.yahoo.com/s/02032007/30/link-finance-news-panterra-sedar-files-2006-statement...

[tr8dervic]

For some reason there were 2 press releases. One had a slightly different format of data, but same info:

PanTerra "SEDAR" Files 2006 Statement of Reserves Data
Friday March 2, 8:00 am ET


PAN - TSXV
CALGARY, March 2 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to report that it has received its 2006 Engineering Report by Sproule Associates Limited ("Sproule") of Calgary, Alberta and has SEDAR filed the 'Statement of Reserves Data' as per regulatory requirements.
Sproule has assigned 'Discovered Resources' to the Company in compliance with Canadian Oil and Gas Evaluation Handbook definitions and is able to disclose such resources as in-place volumes. 'Discovered Resources' are defined in the COGE Handbook a, "those quantities of oil and gas estimated on a given date to be remaining in, plus those quantities already produced from, known accumulations. Discovered resources are divided into economic and uneconomic categories, with the estimated future recoverable portion classified as reserves and contingent resources, respectively."

On the effective date (December 31, 2006) of the Sproule report, not all the data supplied by the Company to the specialty lab in the USA was completely evaluated thus not all of the properties the Company operates have been assigned in-place volumes at the time of our SEDAR filing.


Table S-2
Summary of Discovered Gas Resources


Area Working Gross Net
Interest Gas-in-Place Gas-in-Place
% (Bcf Raw) (Bcf Raw)
-------------------------------------------------------------------------
Moose Jaw, Saskatchewan 50 1,884 942
Foam Lake, Saskatchewan 50 none at this time none at this time
WhiteHIll Lakes, Saskatchewan 50 240 120
Shell Lake, Saskatchewan 50 none at this time none at this time

Total Unproved Properties 2,124 1,062
-------------------------------------------------------------------------

Although the Company has discovered gas resources in the Foam Lake and Shell Lake properties, those resources have not been recognized in this report because insufficient data is available to permit a quantitative estimate of the in-place volumes to be made at this time.
The Company has now been assigned 'discovered resources' which is a significant advancement from 'prospective resources' (quantities of oil and gas estimated on a given date to be contained in accumulations yet to be discovered) as reported in its November 3, 2006 press release.

While the Sproule report considers that "gas has been discovered" on the Company's holdings at Shell Lake and Foam Lake, more data for gas in-place estimates will have to be supplied by the Company. Sproule does however state that from the core data supplied by the Company, the holdings at Foam Lake could "contain gross raw gas in place in the order of 4.5 to 6.5 Bcf/section, for a total gas-in-place volume of 3.0 to 6.0 TCF. However, these estimates have not been recognized for the holdings at this time because the 'adsorption data' neither confirms nor quantifies the in-place gas content of the shales."

In order to satisfy Sproule's requirements, the Company wishes to announce that it will be drilling two additional wells in the very near future. One at Shell Lake and one at Foam Lake and will do 'desorption canister analyses' of the cores it intends to cut. Once this data has been received and analyzed, the Company will have Sproule do an addendum to its 2006 report.

The Company's principal targets of interest on the exploratory permits lie within the shales, siltstones and thinly bedded sands of the Milk River, First and Second White Speckled shale and Barons formations which are Upper Cretaceous in age and occur at shallow depths in the province of Saskatchewan. The Company is pursuing accumulations of 'biogenic gas' in these unconventional reservoirs.

Since acquiring these large land holdings, the Company (as Operator) has participated in the drilling of 39 wells, of which 2 were at Shell Lake, 16 at Foam Lake, 16 at Moose Jaw and 5 at WhiteHill Lakes. The Company maintains a 50% working interest in all of its current holdings in the province of Saskatchewan.

Although discovered resources are interpreted to exist on the Company's properties, there is no certainty that they will be economically viable or technically feasible to produce any portion of those discovered resources.

As of the effective date of the Sproule Report, the Company has neither tested nor completed any of the wells and has not demonstrated that the shale-gas resource is technically or economically recoverable. Thus no proved, probable or possible reserves have been assigned to the holdings, which are considered as unproved and undeveloped at this time.

A suitable completion technique has not been developed for the target formations. Until the Company can demonstrate that the shale gas can be economically produced, no reserves can be assigned to these holdings.

PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas. The Company holds three exploration permits and four licenses for a total of 1.1-million acres (550,000 acres net) on four properties in Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.


The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

Fred P. Rumak P.Geol., President and C.E.O. at [phone], Email: [e-mail]
or Herve B. Collet, V.P. Operations, C.O.O. at [phone], Email: [e-mail]



--------------------------------------------------------------------------------
Source: PanTerra Resource Corp.

[tr8dervic]

PanTerra "SEDAR" Files 2006 Statement of Reserves Data
Friday March 2, 8:00 am ET


PAN - TSXV
CALGARY, March 2 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to report that it has received its 2006 Engineering Report by Sproule Associates Limited ("Sproule") of Calgary, Alberta and has SEDAR filed the 'Statement of Reserves Data' as per regulatory requirements.
Sproule has assigned 'Discovered Resources' to the Company in compliance with Canadian Oil and Gas Evaluation Handbook definitions and is able to disclose such resources as in-place volumes. 'Discovered Resources' are defined in the COGE Handbook a, "those quantities of oil and gas estimated on a given date to be remaining in, plus those quantities already produced from, known accumulations. Discovered resources are divided into economic and uneconomic categories, with the estimated future recoverable portion classified as reserves and contingent resources, respectively."

On the effective date (December 31, 2006) of the Sproule report, not all the data supplied by the Company to the specialty lab in the USA was completely evaluated thus not all of the properties the Company operates have been assigned in-place volumes at the time of our SEDAR filing.


Table S-2
Summary of Discovered Gas Resources


Area Working Gross Net
Interest Gas-in-Place Gas-in-Place
% (Bcf Raw) (Bcf Raw)
-------------------------------------------------------------------------
Moose Jaw, Saskatchewan 50 1,884 942
Foam Lake, Saskatchewan 50 none at this time none at this time
WhiteHIll Lakes, Saskatchewan 50 240 120
Shell Lake, Saskatchewan 50 none at this time none at this time

Total Unproved Properties 2,124 1,062
-------------------------------------------------------------------------

Although the Company has discovered gas resources in the Foam Lake and Shell Lake properties, those resources have not been recognized in this report because insufficient data is available to permit a quantitative estimate of the in-place volumes to be made at this time.
The Company has now been assigned 'discovered resources' which is a significant advancement from 'prospective resources' (quantities of oil and gas estimated on a given date to be contained in accumulations yet to be discovered) as reported in its November 3, 2006 press release.

While the Sproule report considers that "gas has been discovered" on the Company's holdings at Shell Lake and Foam Lake, more data for gas in-place estimates will have to be supplied by the Company. Sproule does however state that from the core data supplied by the Company, the holdings at Foam Lake could "contain gross raw gas in place in the order of 4.5 to 6.5 Bcf/section, for a total gas-in-place volume of 3.0 to 6.0 TCF. However, these estimates have not been recognized for the holdings at this time because the 'adsorption data' neither confirms nor quantifies the in-place gas content of the shales."

In order to satisfy Sproule's requirements, the Company wishes to announce that it will be drilling two additional wells in the very near future. One at Shell Lake and one at Foam Lake and will do 'desorption canister analyses' of the cores it intends to cut. Once this data has been received and analyzed, the Company will have Sproule do an addendum to its 2006 report.

The Company's principal targets of interest on the exploratory permits lie within the shales, siltstones and thinly bedded sands of the Milk River, First and Second White Speckled shale and Barons formations which are Upper Cretaceous in age and occur at shallow depths in the province of Saskatchewan. The Company is pursuing accumulations of 'biogenic gas' in these unconventional reservoirs.

Since acquiring these large land holdings, the Company (as Operator) has participated in the drilling of 39 wells, of which 2 were at Shell Lake, 16 at Foam Lake, 16 at Moose Jaw and 5 at WhiteHill Lakes. The Company maintains a 50% working interest in all of its current holdings in the province of Saskatchewan.

Although discovered resources are interpreted to exist on the Company's properties, there is no certainty that they will be economically viable or technically feasible to produce any portion of those discovered resources.

As of the effective date of the Sproule Report, the Company has neither tested nor completed any of the wells and has not demonstrated that the shale-gas resource is technically or economically recoverable. Thus no proved, probable or possible reserves have been assigned to the holdings, which are considered as unproved and undeveloped at this time.

A suitable completion technique has not been developed for the target formations. Until the Company can demonstrate that the shale gas can be economically produced, no reserves can be assigned to these holdings.

PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas. The Company holds three exploration permits and four licenses for a total of 1.1-million acres (550,000 acres net) on four properties in Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.


The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

Fred P. Rumak P.Geol., President and C.E.O. at [phone], Email: [e-mail]
or Herve B. Collet, V.P. Operations, C.O.O. at [phone], Email: [e-mail]



--------------------------------------------------------------------------------
Source: PanTerra Resource Corp.

[J.C.N.]

49 North Resource Fund Completes Merger Transaction
Wednesday February 21, 4:31 pm ET


SASKATOON, SASKATCHEWAN--(CCNMatthews - Feb. 21, 2007) - 49 North Resource Fund Limited Partnership (TSX VENTURE:FNR.UN - News; 49 North) reported that it has acquired all of the outstanding limited partnership units in 49 North 2006 Resource Flow-Through Limited Partnership (the 2006 Fund) in a series of transactions that closed February 21, 2007. As part of the transactions, 49 North issued from its treasury, to unit holders of the 2006 Fund, a total of 1,598,314 units in exchange for a total of 1,623,006 units of the 2006 Fund. For these purposes, the units of the two Funds were valued at approximately $4.30 for the 2006 Fund and $4.37 for 49 North, respectively, reflecting their respective net asset values per unit as of February 8, 2007; and a representing a conversion ratio of approximately 0.985 units in 49 North being issued for each unit acquired in the 2006 Fund. As a result, the total number of units of 49 North that are now issued and outstanding has increased from 1,200,000 to 2,798,314 units.



49 North has also acquired all of the assets and assumed all of the liabilities of the 2006 Fund; and the 2006 Fund has now been wound-up and dissolved. The transactions were carried out on a tax deferred, roll-over basis pursuant to applicable provisions of the Income Tax Act (Canada) and are not expected to have any immediate tax consequences to the parties.

49 North is a Saskatoon based investment fund uniquely focused on junior and intermediate mineral and oil & gas companies with exploration programs in Saskatchewan. As a result of the transactions 49 North's investment portfolio now includes holdings in forty-two resource companies and cash resources with a combined value, as of February 7, 2007, of approximately $13.9 million and a net asset value of approximately $12.2 million. The following is a summary of 49 North's portfolio after giving effect to the transactions.





Portfolio Securities - Pro Forma at February 7, 2007 % of
Total
Issuer Exchange Symbol No. of Shares Value Assets

Allyn Resources Inc TSXV ARR 1,994,000 129,610 0.93%

Anglo Minerals Ltd. TSXV ALM 244,000 263,520 1.90%

Arsenal Energy Inc. TSX AEI 249,214 221,800 1.60%

Athabasca Potash Inc. private 1,155,555 462,222 3.33%

Aurex Copper Mines Corp. private 640,000 139,200 1.00%

Berkeley Resources Inc. TSXV BKS 166,660 116,662 0.84%

Blackdog Resources Ltd. TSXV DOG 272,710 113,175 0.81%

Brett Resources Inc. TSXV BBR 606,000 502,980 3.62%

Canalaska Uranium Ltd. TSXV CVV 405,555 308,222 2.22%

Cheyenne Energy Inc. TSXV CHY 714,280 185,713 1.34%

Claude Resources Inc. TSX CRJ 542,235 921,799 6.64%

Copper Canyon Resources
Ltd. TSXV CPY 308,000 184,800 1.33%

Copper Reef Mining
Corporation private 1,500,000 266,664 1.92%

Eagle Plains Resources
Ltd. TSXV EPL 451,538 352,200 2.54%

EL Nino Ventures Inc. TSXV ELN 727,270 312,726 2.25%

ESO Uranium Corp. TSXV ESO 809,944 664,154 4.78%

Fair Sky Resources Inc. TSXV FSK 65,570 107,535 0.77%

Golden Band Resources
Inc. TSXV GBN 1,948,410 925,495 6.66%

Goldsource Mines Inc. TSXV GXS 567,429 170,229 1.23%

Great Western Diamonds
Corp. TSXV GWD 2,052,000 923,400 6.65%

Great Western Minerals
Group Ltd. TSXV GWG 1,961,999 765,180 5.51%

Halo Resources Ltd. TSXV HLO 490,555 245,278 1.77%

Hathor Exploration Ltd. TSXV HAT 104,000 170,560 1.23%

Ivory Energy Inc. TSXV IV 294,117 191,176 1.38%

J-Pacific Gold Inc. TSXV JPN 625,000 268,750 1.93%

Longford Corporation TSXV LFD 1,500,000 255,000 1.84%

Magnus Energy Inc. TSXV MEI 161,635 54,956 0.40%

Metalex Ventures Ltd. TSXV MTX 100,000 76,000 0.55%

Nordic Oil & Gas Ltd. TSXV NOG 444,000 102,120 0.74%

Northern Freegold
Resources Ltd. TSXV NFR 360,000 288,000 2.07%

Panterra Resources Corp. TSXV PAN 1,253,500 300,840 2.17%

Red Rock Energy Inc. private 342,856 239,999 1.73%

Ruby Energy Inc private 499,996 266,663 1.92%

Santoy Resources Ltd TSXV SAN 228,711 228,711 1.65%

Skeena Resources Limited TSXV SKE 146,500 32,230 0.23%

Stikine Gold Corp. TSXV SKY 1,666,667 475,000 3.42%

Tagish Lake Gold Corp. TSXV TLG 2,104,846 463,066 3.33%

Titan Uranium Inc. TSXV TUE 200,000 408,000 2.94%

Trivello Energy Corp. TSXV TRV 1,000,000 110,000 0.79%

UEX Corporation TSX UEX 24,000 106,560 0.77%

Valgold Resources Ltd. TSXV VAL 833,334 225,000 1.62%

Wescan Goldfields Inc. TSXV WGF 1,699,586 637,344 4.59%

ESO Uranium
Corp.(warrants) 250,000 14,000 0.10%
Canalaska Uranium Ltd.
(warrants) 277,778 44,445 0.32%

Cash and deposits 650,706 4.68%
-------------------
Total Assets 13,891,689 100.00%
Total Liabilities (1,662,284)
-----------
Net Asset Value 12,229,404

Outstanding Units 2,798,314

Net Asset Value per Unit 4.37


Additional information about 49 North Resource Fund Limited Partnership is available at www.sedar.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.



Contact:
Tom MacNeill
49 North Resource Fund Limited Partnership
[phone]
Email: [e-mail]

[tr8dervic]

PanTerra to Begin Pre-Frac Testing; Signs Investor Relations Agreement
Friday January 19, 10:00 am ET


PAN - TSXV
CALGARY, Jan. 19 /CNW/ - PanTerra Resource Corp. (The "Company") is pleased to report that it has received results from its Foam Lake core analysis and is now preparing a "Pre-Frac Testing Program". This testing program will commence within the next few weeks.

The results of the "Pre-Frac Testing" will then be integrated with all drilling, logging, and lab analyses results and a selective fracture stimulating program will be developed and implemented. The results of the fracture stimulating program, which should be completed by the end of the 1st quarter, 2007, will provide further details on formation pressures and potential flow rates.

PanTerra is also pleased to announce that it has entered into a one-year independent contract with SPIRE Financial Communications ("SPIRE") to provide investor relations services for the Company. This contract may be renewed annually.

SPIRE is a Calgary-based full service investor relations firm that provides corporate and investor relations services to Canadian public companies. The services to be provided include increasing the Company's visibility to current shareholders and to reach out to potential shareholders via the introduction of the Company to money managers and institutional fund managers.

Pursuant to the agreement, SPIRE will receive a retainer fee of $5,000 per month and the reimbursement of pre-approved expenses. These fees will be paid out of the Company's general working capital. Additionally, SPIRE will receive 300,000 incentive stock options granted pursuant to the terms and conditions of the Company's 2006 stock option plan. The options are exercisable over a two-year period at $0.22 per share.

Further the Company announces that pursuant to the terms and conditions of its 2006 stock option plan, it has granted, in the aggregate, 600,000 incentive stock options to the two newly appointed Directors of the Company. The options are exercisable over a three year period at $0.22 per share.

PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas. The Company holds three permits and one license for a total of 1.1-million acres (550,000 acres net) on four properties in Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.


The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

Fred P. Rumak, P.Geol., President and C.E.O., at [phone], Email: [e-mail]
or SPIRE Financial Communications, Ron Matthews, Tel: [phone], Email: [e-mail]

[J.C.N.]

tr8dervic,
Thanks for the PR update. I updated the IBOX with the new board members and also removed Mr. Keith Caldwell as a Director.

Any thoughts on these new people DD wise?
Brent

[tr8dervic]

Press Release Source: PanTerra Resource Corp.


PanTerra Announces Changes to Board
Wednesday January 10, 2:08 pm ET


PAN - TSXV
CALGARY, Jan. 10 /CNW/ - PanTerra Resource Corp. (the "Company") is pleased to announce that effective January 2, 2007, Mr. David J. Halpin, CMA, was appointed to its Board of Directors. Mr. Halpin is currently CFO of Mart Resources, Inc., an international oil and gas firm.
On January 3, 2007, Mr. Al Kiernan P.Eng., was also appointed to the PanTerra Board of Directors. Mr. Kiernan is a former VP Production with PrimeWest Energy Inc., AEC and Chieftain Development Co. Ltd. Both Messrs. Halpin and Kiernan are active in the oil and gas industry and are a welcome addition to PanTerra's Board.

The Company also announces that effective January 3, 2007 Mr. Keith Caldwell resigned from the Board. PanTerra wishes Mr. Caldwell all the best in his retirement and thanks him for the wisdom and guidance he provided.

PanTerra Resource Corp. is an Alberta-based resource company focused on the exploration and development of unconventional shallow and shale gas. The Company holds three permits and one license for a total of 1.1-million acres (550,000 acres net) on four properties in Saskatchewan. The Company recently drilled 39 wells (50% net to PAN) and is in the process of assembling completion programs. PanTerra trades on the TSX Venture Exchange under the symbol "PAN". Further information can be found at www.panterraresource.com.


The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this news release.

For further information

Fred P. Rumak P.Geol., President and C.E.O. at [phone], Email to:

[J.C.N.]

How we doing over here guys? Looks like a bit of a drop lately in price.

Brent

[tr8dervic]

kcjones, thank you for the input from Stockhouse BB. Sounds good.

Vic

[kcjones]

From thr Stockhouse BB

"PAN" would like to thank all of those shareholders who have stuck with us. 2007 promises to be a great year. "PAN" has now completed all of the cased-hole logs and the results look very encouraging.
Over the next few weeks "PAN" will be assessing all of the core and other lab data, integrating this with open and cased-hole logs and putting together completion programs for a number of wells. It appears that in most wells, there are two or more potential zones the Company may want to perforate and fracture stimulate. "PAN" is confident these zones will prove positive.

In other news, a major trust company has drilled and completed a well near "PAN's" Foam Lake property and sources state that gas was tested from this well.

"PAN" will be making an announcement when it intends to commence the completion program and will keep the shareholders posted as events materialize.

In the mean time the Company thanks you for your patience and continued support.

[mick]

thank you,

[J.C.N.]

Mick,

Not sure. I know you can call the CEO Fred Rumak President and C.E.O.at [phone]
Email to: [e-mail]

Have talked with him twice when I first started the board and he is very available. Honest Injun has met him and visited the office several times.

Give it a try and see what he says for 2007.

I have not bought yet although Vic on here has and I like the company and their prospects very much. Guess I just need a bit more money to come thru to buy. I have said that before in a post but I do need to follow thru with buying into it instead of letting my money continue to build my present positions in other stocks.

Brent

[mick]

me again, any thought s for this company in 2007?

'PanTerra Resources Corporation'

[J.C.N.]

Mick,

Thanks and wish you well in all your stocks.

Brent