Terra Energy & Resource Technologies Inc. (TEGR)

[pnnymn]

In a nutshell.....................50 cents a share!!!!...September 22, 2006, we issued to Global Scan Technologies, LLC, in consideration for at-cost pricing for satellite data acquisition, processing and geophysical interpretation services, 250,000 shares of common stock and warrants exercisable into 250,000 shares of common stock for a period of one year at $0.50 per share.

Even the insiders are getting in early with stock waarants ........On September 25, 2006, the Company granted stock warrants to purchase 250,000 shares of the Company’s common stock, exercisable for a period of up to five years from the date of grant at $0.21 per share, to each of the following employees and consultant:

Ivan Railyan, Chairman of the Board
Roman Rozenberg, Chief Executive Officer
Dan Brecher, Managing Director
Dmitry Vilbaum, Chief Operating Officer
Alexander Fediaev, Consultant
No debentures, which to my pinkie pov is huge. Any debt they have is of the garden variety... like short term loans for operating expenses...

The company apparently convinced the investors who held the debentures, and now own common shares, to NOT sell at .50, but rather to hold tight for bigger numbers.

So, from my POV, looks like all systems go for CPPT takeoff soon
The management is All-Star, and Ivan Railyan was with the Joint Chiefs of Staff. No doubt they still have excellent connections with the Kremlin.

In Putin's Russia, very little business gets done unless you have the blessing of the Kremlin. The oil/mining/resource industry in Russia is a huge and growing business, but only if you have the right contacts.

Seems like CPPT has all the necessary qualifications for succes, imho.


Company Management

Ivan Railyan President and Chairman of the Board
Ivan Railyan became our President and Chairman of the Board on May 19, 2005. Mr. Railyan works on a part-time basis. From January 7, 2005 to the present, Mr. Railyan has been President and Chairman of the Board of Terra Insight Corporation. In 1997, Mr. Railyan joined the Institute of Geoinformational Analysis of the Earth Establishment, a Liechtenstein company as the Head of the Representative office in the Commonwealth of Independent States. From 2003 to the present, Mr. Railyan has served as Chairman of the Board of the Institute. From 1993 to 1997, Mr. Railyan served as the Head of Research and Development team of the Russian Defense Ministry, Joint Chiefs of Staff. Mr. Railyan received a Master of Science degree from the University of Patrisa Lumumby, Moscow in 1991, and an honorary Ph.D. from the Academy of Science, Arts of the CIS Countries, which he received in 2003. Since 2003 to the present, Mr. Railyan has served as the Vice President of the Academy of Arts and Science of the Commonwealth of Independent States. In September 2005, Mr. Railyan was elected as a member of the Russian Academy of Natural Sciences.

Roman Rozenberg - Chief Executive Officer and Director
Roman Rozenberg became our Chief Executive Officer and a director on May 19, 2005. Mr. Rozenberg works on a full-time basis. From January 7, 2005 to the present, Mr. Rozenberg has been Chief Executive Officer and a director of Terra Insight Corporation. From March 2004 through January 2005, Mr. Rozenberg served as Vice President of TelcoEnergy, Inc. From February 2002 through March 2004, Mr. Rozenberg served as Chief Executive Officer of Syntaz, Inc. From September 1999 through February 2002, Mr. Rozenberg served as President and Chief Technology Officer of Biolink Technologies International, Inc. Mr. Rozenberg received a Bachelor of Science degree in electrical engineering in 1986 and a Masters of Sciences degree in Information Systems Engineering in 1989 from Polytechnic University (formerly known as Polytechnic Institute of New York.

Dan Brecher Managing Director, Treasurer and Director
Dan Brecher became our Secretary and a director on May 19, 2005. On June 1, 2005, Mr. Brechers duties were changed from Secretary to Managing Director. Mr. Brecher works on a part-time basis. From January 7, 2005 to June 1, 2005, Mr. Brecher served as Secretary of Terra Insight Corporation, and as a director from January 7, 2005 to the present. Mr. Brecher is a practicing attorney. From 1998 through the present, Mr. Brecher has been the principal of Law Offices of Dan Brecher. Mr. Brecher received a Bachelor of Arts degree in economics from City College of New York in 1964, and a Doctor of Jurisprudence from Fordham University in 1969. Law Offices of Dan Brecher serves as our legal counsel.

Dmitry Vilbaum, Chief Operating Officer
On June 13, 2005, Dmitry Vilbaum was appointed the Companys Chief Operating Officer. From March 2001 to June 2005, Mr. Vilbaum was employed by Deutsche Bank where he held various positions in the bank's information technology department. From January 1996 through March of 2001, Mr. Vilbaum served as the president of Anyent, Inc., a consulting company providing information technology services to major Wall Street corporations, such as Citibank, Deutsche Bank, Newbridge Securities, Deloitte & Touche LLP., as well as technology companies, such as Compaq and MatchBlade Technologies. Mr. Vilbaum received a Bachelor of Engineering degree in 1995 from the City University of New York.

Eric Weiss Chief Financial Officer
From January 2006, Eric was a consultant and then Senior Vice President of the Company. In July 2006, he became our Chief Financial Officer. From January 2005 to August 2006, he worked as a consultant and then Chief Financial Officer of Ashley Reed Trading. From March 2004 to December 2004 he was the President of Big Fat Worldwide. From March 2003 through February 2004, Mr. Weiss was a Managing Director of Baytree Capital Associates, and from October 2001 until March 2003 he was the principal of his own legal and consulting practice. Eric Weiss began his career at Coopers & Lybrand and practiced law as an associate at Davis Polk & Wardwell and Skadden, Arps, Slate, Meagher & Flom. Mr. Weiss received a BS from NYU, MBA from the University of Chicago and a JD from Duke Law School. He is a certified public accountant in New York State.

Kenneth Oh Secretary
On June 1, 2005, Kenneth Oh was appointed our Secretary. Mr. Oh serves works on a part-time basis. Mr. Oh is a practicing attorney. From 1998 through the present, Mr. Oh has been an attorney with Law Offices of Dan Brecher. Law Offices of Dan Brecher serves as our legal counsel. Mr. Oh graduated from Pomona College with a B.A. degree in 1993, and from Fordham University with a J.D. degree in 1997.

Ropert P. Jones - Senior Vice President of Exploration Operations
Robert has 37 years of oil and gas experience in drilling engineering and operations on land, inland waters, and offshore. Prior to joining the Company, Mr. Jones worked for Gryphon Exploration, Cheniere Energy, and Houston Drilling Management in various senior executive positions. Mr. Jones began his career with Phillips Petroleum Company in 1969 and remained with Phillips until 1998. Initially in engineering and field supervision, Mr. Jones has been in drilling and operations management since 1978. His experience includes drilling, completions, and workovers in Gulf of Mexico, Texas, Louisiana, Arkansas, Mississippi, Alabama, Alaska, Nevada, the North Sea (UK and Norway), offshore West Africa, and China. During his career, he has been involved with drilling, completing and working over hundreds of wildcat and development wells. While with Phillips, he supervised operations in water depths to 3,500' and supervised the first sub-sea dual frac-pack completion in the Gulf of Mexico

Michael A. Piotruszewicz - Senior Geologist
Mike has in excess of 25 years oil exploration and exploitation experience. Prior to Mike's employment with the Company, he worked for Whitmar Exploration, Bulldog Exploration and Petrogulf Corporation, where he served as the exploration manager. Mike started his fine career in 1979 with the Tenneco Oil Company. Mike's career continued in the 1980's with the Indexgeo & Associates, Inc. and Enron Oil & Gas Company. Mike's activities during the 1990's at the Torch companies resulted in recommendations and evaluation of more than 50
We anticipate the need to hire several management, technical, sales, and marketing employees in the next twelve months, depending on the rate of growth of our business. As of June 30, 2006, we had seventeen employees. We intend to hire additional management, technical, sales and marketing employees in the next twelve months, depending on the rate of growth of our business.
CPPT in a nutshell: "STeP™ is responsible for completion of over thirty applied projects with various clients in Africa, the Middle East, the Far East, South America, and Russia. The average success rate of prediction and localization of commercially viable deposits of hydrocarbons, gold, diamonds, and water is over 75%.

The approximate total volumes of petroleum deposits (in localized traps) amounted to over 90 million tons (including 40 million tons in Sakhalin, 20 to 25 million tons in Penza, 10 million tons off-shore block 2-2 Kunsan, South Korea).

The economic merit of the STeP™ adoption amounted to at least $5 million per project. "

...Since 1997, this technology has been tested at more than sixty fields and has yielded outstanding results. Its use proved to reduce geological exploration costs by, in some cases, 500% and shorten new field prospecting time to a few months.


Recent Prs:
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~ CPPT Selected By Multi-Billion Dollar Minerals Exploration and Trading Company To Provide STeP Technology For Diamond Exploration in the Republic of Congo...CPPT will receive 6% working interest, an up-front fee for services, plus a "success fee" from revenues. They say they expect this may the first of many jobs from this family of companies..."
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~ Turkish Çalik Enerji signs partnership agreement with CPPT 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.

"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." ... Previously, this highly desirable area had been restricted because of Turkish military activities.
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Friday October 13, 6:07 pm ET
$750,000 Received on $2.5 Million Contract

NEW YORK--(BUSINESS WIRE)--CompuPrint, Inc. (OTCBB:CPPT - News), an energy and natural resource exploration technology company, has received the first payment of $750,000 from a major oil and gas exploration and production company in connection with a $2.5 million service contract the Company received in August 2006. ...

"We are proud that one of the world leaders in off-shore oil and gas exploration recognizes the value of STeP®. Our technology will enable our client to more effectively and efficiently exploit its exploration efforts and achieve substantial time and dollar savings," said Roman Rozenberg, CompuPrint's Chief Executive Officer. "We have already demonstrated that we can help substantially reduce the number of dry holes in off-shore drilling. We are optimistic that our STeP® technology will open more opportunities to work with this client and other major exploration companies. The Company is currently in negotiations with several potential clients to render services."

source: http://www.terrainsight.com/