Gold and Ruby Contract for Exploration in Cambodia Signed Between Terra Insight Services and The Millennium International Group

NEW YORK, NY--(Marketwire - 11/11/09) - Terra Energy & Resource Technologies, Inc. (OTC.BB:TEGR - News), a natural resource exploration services technology company, announces that the Company's service subsidiary Terra Insight Services, Inc. signed a service contract with The Millennium International Group, LLC, a US limited liability company. Terra Insight Services is to perform a two-phase exploration for gold and rubies utilizing Sub Terrain Prospecting Technology (STeP�) on an approximately 100 square kilometer territory in Cambodia."This is our second contract with this client, and it is structured similarly to the first contract, which was for marble exploration. The client's payment for our STeP technology services will be in cash and an overriding royalty in all natural resources which may be produced or extracted from the service territory of two percent for the first phase and one percent for the second phase of the contract. We started the phase one work," said Dr. Alexandre Agaian, President of Terra Energy & Resource Technologies, Inc."We are excited that The Millennium International Group demonstrates its willingness to share its future successes with Terra by assigning a significant value to our unique and innovative exploration technologies in conveying the royalty to Terra in addition to the cash service fees," said Dmitry Vilbaum, the Company's Chief Executive Officer. "The repeat business is obviously a vote of confidence from the client. We have started negotiations in connection with add...
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Terra Energy & Resource Technologies Signs a Working Agreement With an Australian Market Partner

NEW YORK, NY--(Marketwire - 11/02/09) - Terra Energy & Resource Technologies, Inc. (OTC.BB:TEGR - News), a natural resource exploration services technology company, announces that the Company signed a Working Agreement with Terralinna Pty. Ltd., an Australian limited company. Exploration and development of Australia's and Zambia's natural resources is the target of the agreement, which sets a framework for the parties' business relationship: service fee schedule, Terra's royalty right, exclusivity rights and performance conditions for the use of the Terra technologies as well as Terra's co-investment rights among other customary contractual matters."Terra will utilize a market partner strategy in certain areas around the globe in order to leverage the skills, contacts and know-how of individuals and companies in their local markets, providing these partners with access to the Terra technologies and economic sharing therein, and providing Terra with an extended reach for exceptional exploration projects around the world," said Dmitry Vilbaum, the Company's Chief Executive Officer."We believe Terralinna represents a powerful market partner in Australia and Africa," said Dr. Alexandre Agaian, President of Terra Energy & Resource Technologies, Inc. "Consistent with our business model, the agreement allows our Company to treat the advantageous features of the Terra technology suite as investment banking capital and to receive back end interests, such as overriding royalties or carried interests, in addition to healthy cas...
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Contract for Marble Exploration in Cambodia Signed Between Terra Insight Services and The Millennium International Group

NEW YORK, Oct. 19 /PRNewswire-FirstCall/ - Terra Energy & Resource Technologies, Inc. (OTCBB: TEGR - News), a natural resource exploration services technology company, announces that the Company's service subsidiary Terra Insight Services, Inc. signed a service contract with The Millennium International Group, LLC, a US limited liability company. Terra Insight Services is to perform a two phase marble exploration utilizing Sub Terrain Prospecting Technology (STeP®) on an approximately 100 square kilometer service territory in Cambodia."The client's payment for our services will be in cash and an overriding royalty in all natural resources which may be produced or extracted from the service territory of two percent for the first phase and one percent for the second phase of the contract. We have been engaged in phase one of the contract, for which we have already received a prepayment," said Dr. Alexandre Agaian, President of Terra Energy & Resource Technologies, Inc."Terra aims at utilizing its unique and innovative exploration capabilities for economic interests in natural resource exploration projects in addition to regular service fees," said Dmitry Vilbaum, the Company's Chief Executive Officer. "Consistent with our business model and plans, we see The Millennium International Group as becoming a valuable Southeast Asia market partner for the Company."About Terra Energy & Resource Technologies, Inc.Terra Energy & Resource Technologies, Inc., through its subsidiary Terra Insig...
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TERRA ENERGY & RESOURCE TECHNOLOGIES, INC. Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for TERRA ENERGY & RESOURCE TECHNOLOGIES, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for TERRA ENERGY & RESOURCE TECHNOLOGIES, INC. 6-Oct-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information ...
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Two Contracts for Oil Exploration Completed by Terra Insight Services

Terra Delivers Analysis Reports to Kazakhstan Company NEW YORK, Sept. 28 /PRNewswire-FirstCall/ - Terra Energy & Resource Technologies, Inc. (OTCBB: TEGR - News), a natural resource exploration services technology company, announces that the Company's service subsidiary Terra Insight Services, Inc. successfully completed two service contracts for AKTAU-TRANSIT, LLC, a Kazakhstan oil and gas exploration and production firm."The project consisted of the STeP® analysis of two separate oil fields," said Dr. Alexandre Agaian, President of Terra Energy & Resource Technologies, Inc. "Heretofore, both fields had very limited production and our client retained our services to analyze the geology, reasons for unsuccessful prior drillings and the additional oil potential of the license blocks. We have established what should be a strong long term relationship, because we displayed to AKTAU-TRANSIT that we can redefine existing oil fields, uncovering new oil prospectivity and reserves within the areas of existing oil fields.""It is exciting to work on this project," said Dmitry Vilbaum, the Company's Chief Executive Officer. "The Company had completed Phase 1 of a $2.4 million contract with another firm in Kazakhstan, and we welcomed additional business from that oil rich country. Terra Energy & Resource Technologies is now advancing relationships with potential market partners in Asia, Africa and Australia."About Terra Energy & Resource Technologies, Inc.Terra Energy & Resource Technolo...
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TERRA ENERGY & RESOURCE TECHNOLOGIES, INC. Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue -  2,000  50  13  Cost of Revenue -  1,355   -   -  Gross Profit -  645  50  13  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative566  2,445  376  854  Non Recurring -   -  (485) -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss(566)(1,800)159  (841)Income from Continuing OperationsTotal Other Income/Expenses Net0   -  (378)17  Earnings Before Interest And Taxes(566)(1,800)(219)(824)Interest Expense3   -   -   -  Income Before Tax(569)(1,800)(219)(824)Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops(569)(1,800)(219)(824)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   -   - &n...
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TERRA ENERGY & RESOURCE TECHNOLOGIES, INC. Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for TERRA ENERGY & RESOURCE TECHNOLOGIES, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for TERRA ENERGY & RESOURCE TECHNOLOGIES, INC. 11-Sep-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information ...
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TERRA ENERGY & RESOURCE TECHNOLOGIES, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS "Forward-Looking" Information These management discussion and analysis contain forward-looking statements and information that are based on our management's beliefs, as well as assumptions made by, and information currently available to our management. These forward-looking statements are based on many assumptions and factors, and are subject to many conditions, including our continuing ability to obtain additional financing, ability to attract new customers, competitive pricing for our services, any change in our business model from providing services to natural resources exploration companies to engaging in exploration activities, and demand for our products, which depends upon the condition of the oil industry. Except for the historical information contained in this report, all forward-looking information are estimates by our management and are subject to various risks, uncertainties and other factors that may be beyond our control and may cause results to differ from our management's current expectations, which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The following discussion of our financial condition and results of operations should be read in conjunction with the information set forth in our audited consolidated financial statements for the year ended December 31, 2008, and the related notes, included in our Annual Report on Form 10-K. INTRODUCTORY NOTE Our Operations and Plans During the first half of fiscal 2009, we focused on identifying new technologies for potential acquisition, marketing and promotion of services, and on obtaining additional investment capital to restart our service and exploration efforts, to restructure our operations to reduce our operating costs, and to creat...
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