Followers | 698 |
Posts | 138570 |
Boards Moderated | 3 |
Alias Born | 07/29/2006 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Sunday, October 15, 2006 7:17:12 PM
(Roman Rozenberg is now CEO of Terra Insight)
Geotec/TelcoEnergy Concludes Acquisition of 51% Volgageoresource
Thursday April 22, 10:16 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--April 22, 2004--Geotec Thermal Generators Inc./TelcoEnergy Corporation (OTCBB:GETC - News) announced that the Company exercised its option to acquire 51% of Volgageoresource, which was awarded five permits to explore 5 hydrocarbon structures in the Saratov Region (on 1,037,820 acres or 420 sq. km). Concurrent with the third party to the Agreement, the Institute of Geoinformational Analysis, indications of potential reserves are in excess of 100 million tons, or approximately 700 million barrels.
Mr. Roman Rozenberg, TelcoEnergy's Managing Director of Russian Operations, stated that, "the structures are located in the same geological basin as another US majority owned company called Stimul, which only has a small amount of oil and gas production, but as quoted by Business daily Vedomosti has 'significant reserves of around 100 million tones of hydrocarbons.' Stimul is owned by the U.S. Getty family and Russia's Gazprom. Saratov was one of the first prolific oil producing regions in Russia and therefore has an extensive oil infrastructure of pipelines, railways, and barging."
Vladimir Tichonovich Zukov, Academician and long standing member of the Russian Academy of Science stated, "the geological structures and formations of Volgageoresource properties hold a very large potential of recovery especially from the undeveloped deeper Devonian zone that was not produced by previous exploration conducted primarily in the Saratov region""
http://biz.yahoo.com/bw/040422/225553_1.html
[/quote]
Recent TEGR News
- Form 8-K - Current report • Edgar (US Regulatory) • 12/11/2023 07:37:42 PM
Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • BLO • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM