Terra Energy & Resource Technologies Inc. (TEGR)

[Howardhaftel]

Terra Energy & Resource Technologies Expands Services Offering Into Canadian Oil and Gas Exploration Market
Date : 03/02/2010 @ 7:00AM
Source : MarketWire
Stock : Terra Energy & amp; Resource Technologies, Inc. (TEGR)
Quote : 0.1 0.0 (0.00%) @ 7:47AM


Terra Energy & Resource Technologies Expands Services Offering Into Canadian Oil and Gas Exploration Market

NEW YORK, NY -- (Marketwire) -- 03/02/10 --

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 into the country of Canada. With this aim, Terra Energy & Resource Technologies
signed an agreement with Alberta Energy Consultants Ltd to facilitate sales and marketing in Canada of the Company's oil and gas exploration services.

The contract sets forth a market partner framework between the companies, and includes performance requirements for Alberta Energy Consultant in exchange for certain exclusivity rights over a specific time frame, as well as other customary provisions.

"We are encouraged to gain a professional local partner that will market and promote our exploration services in Canada, one of the richest, underexplored oil and gas countries in the world," said Dmitry Vilbaum, Chief Executive Officer of Terra Energy & Resource Technologies. "Terra has already established its services network in South America, Australia, South East Asia, and select countries in Africa via similar contracts and relationships. The distribution contract with Alberta Energy Consultants is patterned after a model that has served Terra over the years. Our local partners possess an in-depth knowledge and experience in their specific countries, geology and business environments, and create an effective conduit for Terra to reach participants in respective local exploration industries," Dmitry added.

Dr. Alexandre Agaian, Terra Energy & Resource Technologies' President, noted that most of the Company's marketing partners initiate contact with Terra because they see value in the Terra product and its competitive feature set. Dr. Agaian also stated: "Our distribution relationships enable Terra to reach many exploration communities cost effectively, as Terra does not have to expand its operational capability to cover those disparate geographies and business environments. We have already received service revenues and other lucrative business opportunities from such relationships and expect the same from Alberta Energy Consultants."

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.

For More Information, Please Contact: Terra Energy & Resource Technologies, Inc.

212-286-9197 Email Contact

[Ivest]

Yes, .10 looks quite good. Tasmania is just around the corner.

[happyman22]

Looks like today is sell off day. As long as it stays above 10 I am good

[Howardhaftel]

Press Release Source: Terra Energy & Resource Technologies, Inc. On Monday February 22, 2010, 7:00 am EST

NEW YORK, Feb. 22, 2010 (GLOBE NEWSWIRE) -- Lucas Energy, Inc. (AMEX:LEI - News), a Houston, Texas based independent oil and gas company, and Terra Energy & Resource Technologies, Inc. (OTCBB:TEGR - News), a natural resource exploration services technology company, are initiating three projects for development of oil and gas properties in Atascosa County, Texas, utilizing the application of Terra's innovative technologies on the Lucas Energy licensed territories.

Lucas Energy accepted the proposal of Terra Energy & Resource Technologies for the application of its STeP and NAGS technologies, according to which Terra will survey three separate leases in Texas. Pursuant to this joint venture, Terra will provide its technology services to Lucas Energy on a substantially reduced fee basis, and Lucas Energy is to assign to Terra a 5% free-carried-interest in connection with the oil and gas production from any additional recompletions, or new drilling from the three properties, and grant Terra up to 30% in non-promoted participation interest.

"Our relationship is developing quickly into a synergistic partnership, where both companies make concessions for mutual benefit and success in oil & gas development and production," said Mr. William Sawyer, Lucas Energy's Chief Executive Officer. "The Lucas Energy mission is to provide its shareholders with the lowest drilling risk possible. Terra Energy & Resource Technologies helps us achieve substantial risk reduction through its cutting-edge technologies."

"While we celebrate the commercial potential of this specific cooperative venture and the relationships that are forming as a result, we are even more pleased that a widely respected industry player such as Lucas Energy is recognizing Terra's value," said Dmitry Vilbaum, Terra Energy & Resource Technologies' Chief Executive Officer. "The terms of the agreement are structured so that Terra not only receives service fees, it will also receive a carried interest and the chance to leverage the intelligence it gathers and participate in prospects on a non-promoted basis if they appear favorable. The project is set to start within weeks and if it lives up to its promise, will be extremely positive for Terra share holders."

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.

[Ivest]

Apparantly they have 4 different technologies to help zero in on the the optimum location for drilling once it has been determined there is oil or gas in an area.

[happyman22]

Ask the company by sending them an email. Just investors here

[Heraclitus]

Anyone here from Terra that could answer my question ?
Does Terra have technology to see efficiently through and beneath the 250-400m Dolerite cap over Tasmania's possible oil ground ?

Cheers.

http://en.wikipedia.org/wiki/Geology_of_Tasmania


Dolerite in Red.

[Howardhaftel]

Something else to consider:
You don't need a lot of money to fly a plane over land mass to do charting but you need a lot of money to drill and operate a mine.
I don't know what their financial resources are and that may be a determining factor that will determine their success. Another reason for a joint venture.

[happyman22]

I am wondering if there is any update with Lucas as they announced a deal a couple of months ago

[Howardhaftel]

I don't know what their capabilities are for charting seismic graphs but the obvious thing is they are experts in graphicing underground minerals and have limited, if any experience in mining. Therefore I would think Joint ventures are the future for this companies success.
In any case nothing is going to happen fast. They are very young in this new venture and I will be watching future developments.

[Heraclitus]

Can Terra's technology see through the 250-400 metres of solid Dollerite which caps most of Tasmania ??

[Howardhaftel]

The article about Terra Energy filing for a license makes perfect sense. The company has the expertise to detect where the oil is hiding.

The article about EEGC is to force the issue of the grant of the license.

[Heraclitus]

A copy of today's article re EEGC and on the same page a copy of the Terra article.

[happyman22]

Lots of movement yesterday and looks like today things will be different. The problem with a huge Skype spam job is that it looks good for a day or 2 and then falls back to earth. This is a great company that is a 10 cent stock and will be good and consistent. The company is clean and legit

[happyman22]

hope this is not a pump and dump - sure smells like this with all the action today

[Howardhaftel]

I have just called the transfer agent and confirmed these current share numbers:

Outstanding 102,543,338 as of February 16, 2010
Authorized 250,000,000 as of February 16, 2010.

The IBOX has been updated

[Howardhaftel]

TEGR up 71% today

[happyman22]

I subscribe to www.globalmarketplay.com and they told me about this stock

[happyman22]

it is called pump and dump. I see this stock as 10-15 cents not he other spam price

[FoodStamps4stocks]

I got Skype spammed too. LOL
Usually ignore them but I do like the OBV.
MFI sucks though.
May be good for a pump run.

[Heraclitus]

There we have it Z.

Inside info trading.

Well it seems that TEGR will form a (diluting EEGC Investors) JV with EEGC if they are awarded the EL.

[zequalsz]

How does one go about researching a non-existent exploration licence? Is there a non-existent MRT where you can do it?

[Howardhaftel]

Hmmmm. Maybe I know something you don't. Then again maybe not. Its up to you to do research for your own comfort.

[zequalsz]

How can a joint venture be formed for an exploration licence if neither party holds one? Would it be a make-believe JV for a make-believe licence?

[Howardhaftel]

Its not a difficult problem to solve. All one has to do is form a joint venture with a company with a license.

[zequalsz]

Yes, I am puzzled to. It goes without saying a Company needs to have an exploration licence to be able to search for oil.

[sashex001]

Sorry, I have to ask. What is up with promoters trying to sell TEGR over random skype massages?

Here is a massage I got from terra_energy.
_______________________________________________________________
Symbol: TEGR.ob
Current Price: .07
Short Term Target: .95+
Long Term Target: 1.75+
Rating: STRONG BUY

Our favorite oil and gas penny stock is TEGR. Terra Energy & Resource Technologies, Inc.,TEGR,is a unique space age technology service company operating in the field of natural resources detection, exploration, and development. The Company provides exploration services utilizing a suite of proprietary innovative technologies for exploration of a wide range of mineral resources: oil & gas, metals, kimberlites, uranium, water, and other minerals. Can you say well diversified?

Now is the time to exploit the Wall Street traders while TEGR is still trading under their radar. Get in on this ground floor opportunity to own the modern day equivalent to selling pick and shovels to the miners during he California Gold Rush. TEGR earns our 5 Star Penny Stock PicK this week with 4 out of 5 Stars! - Buy Aggressively

(cash) Visit http://pennystockelite.com for more information! (cash)

[Fairly_New]

Good Luck

[jastherealdeal]

I received a symbol last week via Skype and the tip really paid off, they were promoting PEPR and I made a killing.

Based on last week's pick, I will be placing my chips on TEGR as well.

[Fairly_New]

STAY AWAY... Didnt BGOI teach anyone anything??

How does a 7 cent stock all the sudden have a 1.75 target??

This is what I was spammed... lol

Symbol: TEGR.ob
Current Price: .07
Short Term Target: .95+
Long Term Target: 1.75+
Rating: STRONG BUY

Doesnt look like you have much of a pump following Howard.. your really the only poster.... LOL

Hey Howard PM me or come find me in my own chats and I'll give you a MUCH better pick than this pump and dump garbage

[Heraclitus]

Howard,

I believe neither EEGC or Terra have any leases.

Can you please explain who has the Leases/Tenements ??

[Howardhaftel]

Welcome back investors!
Penny Stock Elite has a new 5 STAR PENNY STOCK OF THE WEEK!
Terra

Oil has become a major driving force in our technology driven world and the popularity of this commodity has placed oil producing companies on the top of many investors list. For our daily survival the presence of oil cannot be denied from the operation of industry machines, transportation of products either locally or across borders, and to individual mobility. With so much importance being wrested on oil production, it is no secret that buying oil penny stocks has the potential to churn wealthy returns.

Our favorite oil and gas penny stock is TEGR. Terra Energy & Resource Technologies, Inc.,TEGR,is a unique space age technology service company operating in the field of natural resources detection, exploration, and development. The Company provides exploration services utilizing a suite of proprietary innovative technologies for exploration of a wide range of mineral resources: oil & gas, metals, kimberlites, uranium, water, and other minerals. Can you say well diversified?

TEGR's proven technology had been proven with some of the world's largest international oil and gas companies, including GAZPROM, LUKOIL, PETROBRAS, TNK-BP and many others. The geography of TEGR's customers, basins and fields covers half of the globe, from Norwegian Sea to Sakhalin and from Northern Russia to West Africa, with some applications in South America and Central Africa.TEGR's technology is not geographically restrict, on or offshore.

TEGR's proven breakthrough technology is about to go commercial. There are thousands of new exploratory wells drilled in the United States each year, with even more farm-in wells offered to industry participants by "farm-ors." Generally, during difficult economic times, the number of quality prospects seeking capital increases. Based on TEGR's recent survey of the market through industry sources, it is finding there is an abundant and excellent opportunity waiting to be exploited.

Now is the time to exploit the Wall Street traders while TEGR is still trading under their radar. Get in on this ground floor opportunity to own the modern day equivalent to selling pick and shovels to the miners during he California Gold Rush.
TEGR earns our 5 Star Penny Stock Pick this week with 4 out of 5 Stars! - Buy Aggressively

[Sportsjunkie]

guys you are sending out spam....

http://www.pennystockelite.com/

[zequalsz]

Does TEGR have any hydrocarbon leases then? I have never read anywhere that they do.

[Howardhaftel]

I may be jumping the gun here in my assumptions but I see a company that does seismic research and a company that has hydrocarbon leases I don't think its too stretch of the imagination to see the potential here.

[gbd]

Can you explain why it should be a perfect mariage between eegc and tegr? What has the one company to do with the other. Will there a joint venture between both companies?

[Howardhaftel]

This could be a perfect marriage between TEGR and EEGC for the undersea property lease. Hmmmmmmmmmm

[happyman22]

There should be some sort of a push on the stock this week. I have been following it and other private chat groups have mentioned this stock as one to watch

[Howardhaftel]

I don't know if the stock will take off that fast or not but I heard a rumor, just a rumor that Malcolm was back in New York and guess who has their office there. Interesting!

[happyman22]

This thing will be taking off in the next couple of days. The volume is slowly increasing and I think they should hit 10 cents this week

[Howardhaftel]

I called the company at the New York office and they will not be attending the EXPO in Canada in March. As we talked I mentioned IHUB and they never heard of IHUB...Now they do!

[Howardhaftel]

Good morning on this Snowy day.

Please keep in mind that the company is going in a different direction with its venture into actual mining. Previous business was mapping and it still is. They have expertise in finding deposits of minerals and hydrocarbons and its a natural migration into mining using their findings.

This will have to be developed over the years and the advantage they have is the ability to locate deposits fast. Mining is a different business and requires large amounts of capital, experience, and a large work force and equipment not to mention leases.

One way to raise money is through joint ventures, where there is a profit sharing agreement.

The key to investing in this type of business is patience.

I am sure as the company moves forward there will be many meetings and joint ventures, so hang in there and some day we may all get a nice return on our investment.

[Howardhaftel]

TEGR is interested in mining for hydrocarbons in Tasmania and some EEGC investors are slowly buying shares in TEGR. Something is going on.

[Howardhaftel]

Terra Diversified Drilling, LLC ("TDD"), a wholly owned subsidiary of the Company,

[gbd]

What is TDD?

[Howardhaftel]

There are thousands of new exploratory wells drilled in the United States each year, with even more farm-in wells offered to industry participants by "farm-ors." Generally, during difficult economic times, the number of quality prospects seeking capital increases. Based on Terra's recent survey of the market through industry sources, it is finding there is an abundant and excellent opportunity available presently. Terra will screen all prospects, grade them and choose the best for investment

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

[Howardhaftel]

Over the next several years, TDD will use its technological competitive advantage to pick quality oil and gas prospects in North America and commit funding to them. TDD will invest as a minority interest owner ("farm-in basis") in scores of drilling prospects that meet strict criteria and are managed by proven sponsors/operators. The anticipated result will be the creation of a high income portfolio of oil and gas wells with extraordinary diversification. Prospect selection will be optimized using Terra's proprietary technological screening process which includes several independent technologies. Terra's process incorporates unique scientific methods which are commercially unavailable in the exploration industry today. The methods apply innovative analytics and sophisticated algorithms using data sourced from satellite imagery, soil samples on the surface and seismic data from the subsurface. The strategy will essentially pick the best drill-ready prospects available and then limit prospect selection to the 'best of the best,'" said Dmitry Vilbaum, Chief Executive
Officer of Terra Energy & Resource

[Howardhaftel]

Terra's technology suite answers many of the critical questions required to drill for hydrocarbons with confidence. The prospect selection process will be based on the industry's best geological and geophysical practices coupled with Terra's unique, innovative, and proprietary technologies
that include the satellite-based Sub Terrain Prospecting Technology (STeP®), the geochemical method of Naturally Adsorbed Gas Survey (NAGS) and the unique seismic technology of Side View Seismic Locator (SVSL). Terra expects to significantly increase the economic success of its oil and gas investments and generate above-average cash flows
and reserves

[Howardhaftel]

The TDD strategy will achieve remarkable diversification by investing in drill-ready, non-operated prospects, sponsored by U.S. E&P companies, spread across several geographic regions and various well depths. The Company projects to participate in 200+ prospects over 10 years

[Howardhaftel]

(OTCBB: TEGR), a natural resources exploration technology company, is launching Phase II of its long-term business plan
-- leveraging its technology to build a superior portfolio of oil & gas production and reserves in the United States. It is anticipated that the initiative will be significantly accretive to Terra's revenues and earnings. Terra Diversified Drilling, LLC ("TDD"), a wholly owned subsidiary of the Company, will acquire a minority interest in U.S., non-operated oil & gas prospects on a "farm-in" basis. The Company will invest into highly graded oil & gas drilling prospects through TDD, seeking profits from the production and sale of hydrocarbons