Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Good things in the works. the company is moving in the direction of mining as well as mapping. Lots happening. Stay tuned.
Time to Invest in U.S. Onshore Oil & Gas Prospects -- Terra Energy & Resource Technologies Initiates a New Investment Strategy, Leveraging Its Breakthrough Technology
marketwire
*
Companies:
o Terra Energy Resource Technologies, Inc.
Press Release Source: Terra Energy & Resource Technologies, Inc. On Wednesday February 3, 2010, 7:00 am EST
NEW YORK, NY--(Marketwire - 02/03/10) - Terra Energy & Resource Technologies, Inc. (OTC.BB:TEGR - News), 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.
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.
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.
"Our technological advantage drives our competitive edge. The most significant contributing factor in the business of oil and gas exploration is the drilling success rate, which directly correlates with how accurately geological and geophysical experts and methods predicted any given drilling location. TDD will utilize the Terra Technologies and a set of strict criteria during the prospect selection process to significantly increase the success rate and therefore substantially improve the TDD project's economics, as compared with industry norms," said Dr. Alexandre Agaian, Terra Energy & Resource Technologies' President. "TDD plans to build a high-quality portfolio that yields enough excess cash flow to reinvest in new prospects, significantly augmenting the total number of prospects drilled and reserves generated. We intend to give priority to TDD, because TDD's strategy has a highest profit potential for Terra and its shareholders."
"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.
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.
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, or its plans to drill or drilling results to fail to materialize, including, but not limited to: competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions.
Contact:
For More Information, Please Contact:
Terra Energy & Resource Technologies, Inc.
212-286-9197
Email Contact
From latest Form 10-Q
SHARES ISSUED AND OUTSTANDING: 97,533,338 AT SEPTEMBER 30, 2009
A nice little rally yesterday which moved the stock up and in volume
A nice press release which should move the stock up to 10
Cambodia Gold & Ruby Exploration Project Moves to Second Phase -- Terra Energy & Resource Technologies Increases Royalty Rights
Date : 01/26/2010 @ 7:00AM
Source : MarketWire
Stock : Terra Energy & amp; Resource Technologies, Inc. (TEGR)
Quote : 0.09 0.0 (0.00%) @ 2:05AM
Cambodia Gold & Ruby Exploration Project Moves to Second Phase -- Terra Energy & Resource Technologies Increases Royalty Rights
NEW YORK, NY -- (Marketwire) -- 01/26/10 --
Terra Energy & Resource Technologies, Inc
(OTCBB: TEGR), a natural resources exploration services technology company, announces that the Company has signed a phase two contract for gold and ruby exploration in Cambodia, increasing its royalty rights in the overall project
The exploration services contract engages Terra in its proprietary satellite-based STeP® analysis of gold and ruby mineralization in Cambodia, which is the second phase contracting of exploration after it successfully completed the first phase of the project. As requested by the client, in addition to STeP®, Terra is to perform other traditional geological and management services, in order to further define and locate resources after presenting the client with good indications of mineral prospectivity and priority zones as a result of Terra's phase one survey
Terra previously signed a working agreement with the Millennium International Group, which serves as a frame work of the relationship between the companies and outlines the pricing, royalty as well as co-investment rights, among other provisions, Terra Energy & Resource Technologies obtains as consideration for its services
In connection with the phase two contract, Terra has an increased royalty interest in the acreage and co-investment rights contingent upon the advancement of the exploration license in Cambodia
"We have had several service contracts with the Millennium International Group over the past six months. This relationship is dear to us, and we are encouraged that this client is also our market partner in Asia," said Dmitry Vilbaum, Chief Executive Officer of Terra Energy & Resource Technologies
"The synergy is in Terra performing the services for cash, royalty, and non-promoted co-investment rights, effectively creating a joint venture with the client," said Dr. Alexandre Agaian, Terra Energy & Resource Technologies' President. "Terra is encouraged and incentivized to perform its innovative technology work and help our JV shorten the exploration cycle and expense to a minimum, so that Terra can start receiving the royalty cash flow and potentially co-invest on the same terms as the Millennium International Group."
About Terra Energy & Resource Technologies, Inc
Terra Energy & Resource Technologies, Inc., through its subsidiary Terra Insight Services, Inc., provides mapping and analysis services for exploration, drilling, and mining companies related to natural resources found beneath the surface of the Earth. The Company uses a suite of innovative and efficient technologies, which facilitate the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources, and assesses them for any given geographic area -- on or offshore. For more information, visit http://www.terrainsight.com
Safe Harbor for Forward-looking Statements
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its operations, its plans to acquire interests in exploration properties or technologies, plans to drill or drilling results to fail to materialize, including, but not limited to: competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions
For More Information, Please Contact: Terra Energy & Resource Technologies, Inc
212-286-9197 info@terrainsight.com
Got a Tweet about this company being featured on www.globalmarketplay.com
We need to see some action on this stock this week. I like it and more and more people should see this
With some great news this week there should be more traffic on the shares. I got in at 5 and 7 and I am hoping that I can sell at 10 and 15.
The way company is improving on its portfolio in energy sector explorations is interesting. Lets see how stock takes affect from all this news.
Looks like things have started to move. Some good volume but it would be nice to get to 10cents
Oil and Gas in Nevada -- Terra Energy & Resource Technologies Signs an Exploration Services Contract
Date : 01/19/2010 @ 7:00AM
Source : MarketWire
Stock : Terra Energy & amp; Resource
Technologies, Inc. (TEGR)
Quote : 0.08 0.0 (0.00%) @ 2:05AM
Oil and Gas in Nevada -- Terra Energy & Resource Technologies Signs an Exploration Services Contract
NEW YORK, NY -- (Marketwire) -- 01/19/10 --
Terra Energy & Resource Technologies, Inc
(OTCBB: TEGR), a natural resource exploration services technology company, announces that the Company was granted a service contract for oil and gas exploration in Nevada by Golden Eagle Alliance, LLC, a Colorado limited liability company
The contract entails the application of the Company's proprietary technology STeP® to assess the hydrocarbon potential of a certain area
"A few of the most prolific wells in the continental United States are in Nevada, although the state is underexplored for oil and gas. Our STeP® technology is remote in nature, and its value is significantly elevated in frontier areas," said Dmitry Vilbaum, Chief Executive Officer of Terra Energy & Resource Technologies. "Nevada is regarded by many geologists as the oil kitchen of America, however no one has been able to break its oil and gas code."
"Terra plans to engage in frontier exploration on its own account," said Dr. Alexandre Agaian, Terra Energy & Resource Technologies' President. "We are encouraged that the Company is engaged by other exploration companies such as our new client the Golden Eagle Alliance to reduce the wildcatters' risks. Exploration in Nevada, unlike in more established oil and gas states like Texas and Oklahoma, is at a disadvantage due to its remoteness, lack of seismic coverage, and extremely complicated geology. In such situations, the Terra analysis gets into the driver's seat paving the way to traditional geological and geophysical studies."
About Terra Energy & Resource Technologies, Inc
Terra Energy & Resource Technologies, Inc., through its subsidiary Terra Insight Services, Inc., provides mapping and analysis services for exploration, drilling, and mining companies related to natural resources found beneath the surface of the Earth. The Company uses a suite of innovative and efficient technologies, which facilitate the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources, and assesses them for any given geographic area -- on or offshore. For more information, visit http://www.terrainsight.com
Safe Harbor for Forward-looking Statements
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its operations, its plans to acquire interests in exploration properties or technologies, plans to drill or drilling results to fail to materialize, including, but not limited to: competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions
For More Information, Please Contact:
Terra Energy & Resource Technologies, Inc
212-286-9197 info@terrainsight.com
This stock has the potential of being a real big winner. The property they are after has been explored to some extent and seismic results show oil, Just ho much and is there commercial quality and quantity remains to be seen. That's the gamble.
I would like this stock to get up to 10 cents and then I would be very happy
A company does not just throw a dart at a map and then move there and explore. Australia is the lost continent and least explored. Tasmania has been explored and many reports show seismic research exposed vast quantities of Hydrocarbons among other things. Tasmania is a very protected environment and the government is very selective on what you can do and you need permits and leases for everything. Its wait and see what develops.
I would not view it as a wait and see but rather a buy now. The company has a great track record internationally and should not have any problems. Most intenational deals take years to get done so there must be something already there
Along with the companies change in direction I expect to see a lot of doors open in Tasmania. Its a wait and see mode right now, but the potential is there.
No volume with the bid 6 by 9. It would be nice to get it to at least 10 today
52 weeh high is $.11 today it closed at $.08 with an after market of B = $.06 and an A = $.09
Terra Energy & Resource Technologies, Inc. is a technology and services company operating in the field of exploration. It possesses and operates a suite of four technologies, used to locate oil and gas, gold, uranium, and other minerals. The company, through its subsidiary, Terra Insight Services, Inc., provides mapping, surveying, and analytical services to exploration and production, as well as mining companies. Its four technologies consist of satellite-based Sub-Terrain Prospecting (STeP) technology, geochemical Naturally Adsorbed Gas Survey (NAGS), micro-seismic Side-View Seismic Locator (SVSL) technology, and passive seismic technology, Seismic Location of Emission Centers (SLEC). The company's technologies are designed to address pertinent exploration challenges and issues and significantly improve the exploration success rate, while reducing prospecting expense and time. Terra Energy & Resource Technologies, Inc. was founded in 2005 and is based in New York, New York.
Key Statistics
COMPANY WEBSITES
# Home Page
Search Yahoo! for:
More on Terra Energy & Resource Technologies, Inc.
Its a low float and only 2 employees full time
Good evening folks I am very interested in this company and will do some research with the goal of accumulating shares
There has been many reports over the years and studies have been done that indicates there may be oil pockets in the hard Tasmanian dolerite rock.
Real good news today :)
I did not call as I have a list of 100 more I have ready at any time to give an email alert on. lol
That is strange. I am buying online with Scott trade. Why are they restricting this stock? Did they tell you why?
Yes sir ameritrade has it restricted to call ins and that is why I am not getting this board here.
How is that? Are they not letting you buy it?
I agree that it is a good stock from what I have seen of it but it is restricted by ameritrade for some reason.
I have been in following the stock but I have not seen anyone else post here. I picked up 10,000 shares at 4 and another 10,000 shares at 5 so I am really happy. This stock is a good buy and I expect it to go to 10 this week
Exploration for Oil and Gas in Tasmania -- Terra Energy & Resource Technologies Takes a New Direction
Date : 01/12/2010 @ 7:00AM
Source : MarketWire
Stock : Terra Energy & amp; Resource Technologies, Inc. (TEGR)
Quote : 0.08 0.01 (14.29%) @ 8:18AM
Exploration for Oil and Gas in Tasmania -- Terra Energy & Resource Technologies Takes a New Direction
NEW YORK, NY -- (Marketwire) -- 01/12/10 --
Terra Energy & Resource Technologies, Inc
(OTCBB: TEGR), a natural resource exploration services technology company, announces that the Company has initiated a new strategic direction for exploration for oil and gas in Tasmania
"We believe that Tasmania is a prospective for oil and gas. Our technological advantage in exploration of frontier areas, enhanced with the Australian partner relationship formed in 2009 with Terralinna Pty Ltd, has presented the Company with a significant opportunity to undertake exploration in Tasmania," said Dmitry Vilbaum, Chief Executive Officer of Terra Energy & Resource Technologies. "Together with Terralinna and two other accomplished local partners, we have already established an Australian entity, Terra Tasmania Resources Pty Ltd with a strong board of directors and a strategy to pursue exploration licenses and opportunities in Tasmania. Terra has targeted Tasmania as a potential exploration area due to its stable political environment, established logistics and infrastructure and underexplored license blocks. STeP® and other Terra technologies are especially applicable in an unexplored frontier basin where there is potential for untapped oil and gas reserves."
"Terra has decided to diversify from the pure services model into natural resources. To that effect, we have launched the Terra Diversified Drilling project for farming opportunities in the US and are now adding exploration of Tasmania," said Dr. Alexandre Agaian, Terra Energy & Resource Technologies' President. "The Terra Technology Suite will enable the Company and its partners to substantially shorten the expense and time of exploration in Tasmania, reducing the early exploration stage financial exposure to a minimum. Our prospecting technologies should virtually eliminate the exploratory guess work and answer a long standing question on oil prospectivity of the island, adding major value to traditional geological and geophysical efforts in Tasmania."
About Terra Energy & Resource Technologies, Inc
Terra Energy & Resource Technologies, Inc., through its subsidiary Terra Insight Services, Inc., provides mapping and analysis services for exploration, drilling, and mining companies related to natural resources found beneath the surface of the Earth. The Company uses a suite of innovative and efficient technologies, which facilitate the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources, and assesses them for any given geographic area -- on or offshore. For more information, visit http://www.terrainsight.com
Safe Harbor for Forward-looking Statements
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its operations, its plans to acquire interests in exploration properties or technologies, plans to drill or drilling results to fail to materialize, including, but not limited to: competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions
For More Information, Please Contact:
Terra Energy & Resource Technologies, Inc
212-286-9197 Email Contact
Is anybody here? Looking into this with interest. No post within two weeks?
The price of gold will almost certainly drive their fortunes in Cambodia. Keep an eye on this.
This should get some more interest in the company especially with the price of gold. They are very technical in nature and should do a good job on the next phase. Looks like they did a bang up job and will continue. Once the company starts on the roll it will continue. Heck if they can do work in the jungle imagine what they could find in Texas with Lucas
I'll keep watching to see what comes from the Dec 2 MOU anouncement with Lucas. Lucas wouldn't have agreed to an MOU - binding or non-binding - if they didn't see value. 20 cents by valentines day?
The stocked dropped on a good announcement. This should not be the case. I really like Lucas as they are forward thinking. Loking further at this stock they have done a hell of a lot of international work in Russia and Africa and they are not well known in the US. It will take some time and I will pass their name around. Remember everything Lucas touches works out well. If they work honestly with them this stock will move on up
Here is my 2 cents worth. The stock used to be trading with more volume and worth more money. The company has worked with some very large oil companies throughout the world but always in the background. They are an unknown company now that needs to get more attention. The latest deal is a big one as Lucas is a good company and does not fool around. I like this stock going higher as the movement towrards geographic mapping for oil will be increasing. I can see this coming in around 20-30 cents in the new year
This stock should be going higher as the latest press release is huge. There used to be lots of people watching this stock - maybe things will pick up soon
I hold Lucas stock and they always do good. I also try to pick up any stock of a company that Lucas does business with. This is a real good buy.
great news release last week with Lucas Engery. They are a big company
is this company still active as I see that they trade but decided to pick it up
I recently received a tip about this company doing big business all over the world. Anybody in this chat room?
Followers
|
16
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
714
|
Created
|
10/13/06
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |