Over the next several years, TDD will use its technological competitive advantage to pick quality oil and gas prospects in North America and commit funding to them. TDD will invest as a minority interest owner ("farm-in basis") in scores of drilling prospects that meet strict criteria and are managed by proven sponsors/operators. The anticipated result will be the creation of a high income portfolio of oil and gas wells with extraordinary diversification. Prospect selection will be optimized using Terra's proprietary technological screening process which includes several independent technologies. Terra's process incorporates unique scientific methods which are commercially unavailable in the exploration industry today. The methods apply innovative analytics and sophisticated algorithms using data sourced from satellite imagery, soil samples on the surface and seismic data from the subsurface. The strategy will essentially pick the best drill-ready prospects available and then limit prospect selection to the 'best of the best,'" said Dmitry Vilbaum, Chief Executive
Officer of Terra Energy & Resource
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