Terra Energy & Resource Technologies Inc. (TEGR)

[Stock Lobster]

CPPT DD: 4/06 ~ Turkish Çalik Enerji signs partnership agreement with US company for oil&gas exploration

New York City based US company, CompuPrint, Inc. CPPT -an energy technology company that combines satellite-based technology with traditional exploration services, announced that Terra Insight Corporation (TIC), its wholly-owned operating company, signed an agreement with the Çalik Enerji, a leading Turkish energy company with holdings throughout the Middle East, to jointly explore eight onshore blocks in the Erzurum area of eastern Turkey.

Previously, this highly desirable area had been restricted because of Turkish military activities. Pursuant to the agreement between TIC and Çalik Enerji, Terra Insight Corporation will utilize its proprietary satellite-based STeP technology to identify hydrocarbon exploration targets. TIC is to receive payment for the survey as well as a 20% working interest in the project. Çalik Enerji is owned by Çalik Holding, an international billion dollar entity that is engaged in the businesses of textiles, energy, construction, financial services and trade.

"We are pleased that Çalik has recognized the potential of our STeP technology," said Roman Rozenberg, Chief Executive Officer. "With energy prices near record levels, companies are increasingly seeking to identify additional drilling opportunities. Our technology allows for the cost-effective exploration of energy properties in ways that have never been done before, identifying the parcels that are most likely to result in successful exploration results." 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 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.

The company also owns leases for oil and gas parcels totaling approximately 14,000 acres of land in the Rail Road Valley and White River Valley areas of Nevada for purposes of utilizing its STeP technology in oil and gas exploration and development activities. CompuPrint was formed in 2005 and is based in New York City.

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