Terra Energy & Resource Technologies Inc. (TEGR)

[pnnymn]

Anybody, including NYSE stocks can lie like dogs. Of course they will be B-slapped by the SEC. There ae no guarantees including CCPT. You could lose your shirt. At the same time you could buy a tux. The risk/gain is yours to take. FWIW in answer to several others questions I have sen on the board...A)The Company anticipates that its costs of revenue will ordinarily be approximately 60% of such revenue B)PRODUCT RESEARCH AND DEVELOPMENT
Under our past business model, we do not anticipate incurring significant research and development expenditures during the next twelve months. We are changing our business model to focus on utilizing our licensed technology in connection with the acquisition of royalties, ownership rights or land rights for purposes of oil or mineral exploration, and such exploration may involve significant development expenditures....C)Other deals...Exploration Agreement with Calik
On April 11, 2006, we entered into an Exploration Agreement with Calik Enerji Sanayi ve Ticaret A.S. (“Calik”), a corporation formed under the laws of Turkey, to jointly explore eight onshore blocks in the Erzurum area of eastern Turkey, comprising approximately 961,875 acres. Pursuant to the agreement, the Company will provide certain services to assist Calik in identifying hydrocarbon exploration targets. The Company will receive a 20% working interest in the project.
Licenses
Our Namibia subsidiary, Namterra Mineral Resources (Pty) Ltd., has been awarded by the Republic of Namibia five exclusive licenses for the prospecting of precious stones. The licenses expire in May 2009 and cover approximately 1,000 square kilometers of off-shore territory.
Participation Agreement with Whitmar
TexTerra Exploration Partners, LP entered into a Participation Agreement, dated as of June 20, 2006, with Whitmar Exploration Company. Pursuant to the Participation Agreement, TexTerra purchased a 2.5% working interest in a well project in Deweyville, Texas. TexTerra purchased this interest with the expectation of learning about the local geological conditions. TexTerra has been working with a landman to purchase leaseholds adjacent to the property. .......D)They need to take in some major cash to finance all the deals they have in place. It will be expensive. The real money will be for the long term holders and not the now until the end of 2006 holder IMHO.......Establishing ownership or other interests in natural resource exploration projects will likely require significant additional capital in addition to our available cash. We estimate that to fund three contemplated exploration projects just in the states of Nevada, Texas and Montana this year and next year, we will need a total of approximately $13 million of capital or other participation during the next twelve to twenty four months E) It is my understanding that they have 100 milion shares , but with still only about 6 million tradeable.If the deals are slower coming in than expected they could float some more shares but with the way things are going recently it is starting to look remote.....F) I hope this helps. Dont go in for a swim unless you have both your eyes open and after doing your DD you still feel like you can sleep at night holding it. Im hanging onto my shares. I think this is a ground floor opportunity here to get in on something that could end up being huge.