Terra Energy & Resource Technologies Inc. (TEGR)

[Stock Lobster]

9/22 CPPT STeP(R) Technology Accurately Predicts Geology in Texas and Nevada

NEW YORK--(BUSINESS WIRE)--Sept. 22, 2006--CompuPrint, Inc. (OTCBB: CPPT), an energy technology company that combines satellite-based technology with traditional exploration services, which does business through its wholly owned operating subsidiary, Terra Insight Corporation, announced today that its proprietary STeP technology accurately predicted formation changes and the horizons at which hydrocarbons would be found in the Bellows #1 drilling project in South Texas and the Sage # 1 well in the White River Valley, Nevada. Notwithstanding the accuracy of STeP, the Company has plugged and abandoned the Sage #1 Well in Nevada and has decided to plug and abandon the Bellows #1 well in Texas.


Roman Rozenberg, CompuPrint's CEO explained that "While our STeP technology accurately predicted the formation changes at the Sage site, the deficiencies of the rig we hired precluded us from reaching the depths that STeP predicted would be most productive. Given our strong safety concerns if drilling continued, and the lack of other available rigs in the area, the Company felt compelled to plug and abandon the Sage # 1 well."

Prior to plugging the well, the Company performed logging and had extensive VSP testing performed by Schlumberger. Based on the data collected and STeP predictions, the Company strongly believes that the Sage prospect has significant hydrocarbon potential.

In connection with the Bellows #1 well in South Texas, STeP correctly predicted the horizon at which hydrocarbons were found. The Company discovered that the formation sands were not developed sufficiently to produce commercial quantities of hydrocarbons. The Company intends to plug and abandon the Bellows # 1 well in the near future.

About CompuPrint, Inc.

CompuPrint, Inc., through its wholly owned subsidiary, Terra Insight Corporation, provides mapping, surveying, and analytical services to exploration, drilling, and mining companies. The Company primarily uses the STeP (R) technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources. It manages and interprets geologic and satellite data to develop the assessment of natural resources. Through the Company's wholly owned affiliate, Terra Resources, Inc., the general partner in three limited partnerships we control, the Company owns leases for oil and gas parcels totaling more than 16,000 acres of land in the Rail Road Valley and White River Valley areas of Nevada, and participation in leases in East Texas and in South Texas for purposes of utilizing its STeP technology in oil and gas exploration and development activities. The Company also has a 20% working interest in 1,000,000 acres in leases for oil exploration in Eastern Turkey, and a six percent working interest in a diamond exploration project on more than 1,000 square kilometers in Republic of Congo. The Company also makes its survey services available to exploration companies on a contract basis and recently announced a $2.5 million contract with a major international oil company. For more information visit http://www.terrainsight.com.

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 plans to acquire additional exploration properties, plans to drill or drilling results to fail to materialize: 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.

Contacts
CEOcast, Inc. for CompuPrint, Inc.
Andrew Hellman, 212-732-4300