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Quiet Board. Anybody still out there?
What is your prediction upon FDA approval and then potential buyout? (Share price)
This is a quiet board.
Looks like Terrace is investing in Maverick.
Terrace completes CDN$20,017,000 equity financing
V.TZR | 6 hours ago
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, July 23, 2014 /CNW/ - Terrace Energy Corp. (the "Company") (TSXV: TZR, OTCQX: TCRRF; FRANKFURT: 2TR) is pleased to announce it has completed its bought deal public offering of 10,820,000 common shares at a price of CDN$1.85 per share for gross proceeds of CDN$20,017,000 under the Company's short-form prospectus dated July 17, 2014 (the "Prospectus").
Canaccord Genuity Corp. acted as lead underwriter on behalf of a syndicate of underwriters comprising Canaccord, Cormark Securities Inc., GMP Securities LP, and Salman Partners Inc. The underwriters received a cash commission equal to 6.5% of the gross proceeds of the offering.
The Company plans to use the net proceeds from the offering towards exploration and evaluation work on its Maverick County, Big Wells and Northwest AWP projects, as disclosed in the Prospectus.
The underwriters have an over-allotment option to purchase, for a period of 30 days following the closing of the offering today, up to an additional 1,623,000 common shares of the Company at a price of CDN$1.85 to cover over-allotments. Further details are contained in the Prospectus.
About Terrace Energy
Terrace Energy is an oil & gas development stage company that is focused on unconventional oil & gas extraction in onshore areas of the United States, particularly in Southern Texas.
Read more at http://www.stockhouse.com/news/press-releases/2014/07/23/terrace-completes-cdn-20-017-000-equity-financing#1mdPBhUjmAOFtZ4l.99
Well,I would like to see the daily trading volume to go up a lot. I am still long on this company. IMO it will once some production and reserve data is released. Any idea what the status of the Maverick project is?
Buying opportunity.
I think it is odd too. I can't wait to hear the two magic words. Commercial Oil.
What is next for this co. Sales or do we think they will sell the Co?
What is this thing going to close at tomorrow?
I hope we get a good pop if we get the approval.
I would love to see this thing hit $20.00 plus a share on approval. I think it is very possible IMO.
U.S. Big Board next? Do they have any plans to the NYSE or AMEX?
I think we should get a pretty good pop on approval. 50%?
This should be an exciting year or so coming up. Thanks to all who have provided the information over the last couple of days. GLTA!
The last two buys by Honig were common stock at market price.
Why would they buy on the open market?
Lots of insider buying by Honig. I am new to this board, does anybody recall when the next drill result come out?
Does anybody have an estimate when the next drill results are to be released?
I had not read it either. But Thanks! The insider buying is a good thing.
Thoughts on the value of this company. Adding more reserves and recovery rates is great. I think this company is undervalued. I also, like that when gold goes down it does not get hammered. I think the next 6 months will be interesting to see what happens. Anybody have an idea of an exit price?
New to Africa Oil. Lots of upside to this company. I like that there are multiple wells being drilled in the near future. Should be an exciting year.
New Shareholder. This company seems like it has a lot of upside and a company I would like to hold in my portfolio for some time to come. How many wells are being drilled currently?
If HRT gets a major to farm-in, when do you think the drilling would commence?