bin offen für eure Meinungen..................
habe mir mal dir Tage TSX-V: TTR -
Terra Energy (FFM: T1U) angeschaut, hatten die letzte Zeit sehr gut news und ich traue denen noch deutlich mehr zu!
lest mal die beiden letzten News - jetzt absolut schuldenfrei + Steigerung der Produktion + Reduzierung der Produktionskosten = Erreichen der Gewinnzone im 2.Q + positives Jahresergebniss!!!
MK 140 Mio CAD, ca.75 Mio Shares
http://www.terraenergy.ca/
1.
2008-05-13 10:34 ET - News Release
Mr. Cas Morel reports
TERRA ENERGY ANNOUNCES COMPLETION OF MONTNEY SALE
Terra Energy Corp. has completed the sale of its Montney asset in British Columbia. As reported in Stockwatch on April 14, 2008, the company entered into agreements for the sale of all of its Montney mineral rights in approximately 110 gross sections of land, for total consideration of $67.1-million. These Montney mineral rights are located within the company's Fort St. John core operating area, located in British Columbia. The sale was restricted to the mineral rights in the Montney formation alone, leaving any rights above and below the Montney formation in the hands of Terra Energy.
"This is an exciting day for Terra Energy shareholders, as the transaction entirely eliminates the company's debt," said Cas Morel, president and chief executive officer of Terra Energy. "The recent turnaround in natural gas prices in Canada and the higher cash flows which are anticipated will help fuel an acceleration of the company's development plans for the current year. This sale transaction now positions the company to consider strategies for growth on an even broader scale."
The recent Montney sale transactions, which have been completed by the company, represent $65.2-million in total proceeds, leaving the company to close on Montney rights in one remaining section of land. The company's current production levels are unaffected by the sale transactions, as no production from the Montney formation was included. Furthermore, the company's total proved and probable reserves will remain largely unaffected by this sale transaction.
The company anticipates release of its 2008 first quarter financial and operating results on or about May 23, 2008.
We seek Safe Harbor.
2.
2008-05-23 09:14 ET - News Release
Mr. Bud Love reports
TERRA ENERGY RELEASES FIRST QUARTER 2008 RESULTS
Terra Energy Corp. has released its financial statements and related management's discussion and analysis for the three-month period ended March 31, 2008. Copies of Terra Energy's first quarter 2008 results may be obtained at SEDAR.
During the first quarter of 2008, Terra Energy successfully completed the fourth of four projects announced for 2007, namely the tie-in of its Eight Mile South/Sunrise gas field into the West Doe gas plant. This infrastructure project helped propel production growth for the quarter to 4,675 barrels of oil equivalent per day on average for the quarter. This represents a significant increase from the average first quarter production for 2007, which was 2,476 boed.
First quarter 2008 highlights:
Average production per day increased 88.8 per cent year over year from 2,476 boed in the first quarter 2007 to 4,675 during the first quarter 2008.
Gross revenue increased 95.1 per cent year over year from $10.4-million during the first quarter 2007 to $20.2-million during the first quarter 2008.
Cash flow from operations increased 147.2 per cent year over year from $3.4-million during the first quarter 2007 to $8.5-million during the first quarter 2008.
Operating expense per unit of production decreased 20.9 per cent year over year from $14.01 per boe in the first quarter 2007 to $11.08 in the first quarter 2008.
The company experienced a net loss for the quarter of $1.1-million, which was inclusive of an unrealized loss on P&NG financial instruments of $3.0-million.
Also of significance during the quarter was the news in Stockwatch Feb. 14, 2008, of plans to market the Montney asset located in British Columbia. These plans unfolded and the company reported in Stockwatch May 13, 2008, that it had substantially completed the sale process, realizing $65.2-million and eliminating the company's debt.
Operationally, Terra Energy successfully completed its 4-25-85-17W6M Doig gas well, which had the effect of extending the company's Doig gas trend in the area by five kilometres to the south. Test rates on this well were in excess of two million cubic feet per day at a flowing pressure of 1,163 per square inch over a period of 48 hours.
The company successfully completed the first segment of the Eight Mile/Sunrise eight-inch pipeline, which is a 25.4-kilometre pipeline designed to connect the Sunrise gas field into the company-owned Tower Dehydration and Compression facility. This first segment has allowed the company to place the Eight Mile North gas field on stream. Work on the remaining two segments of this project is continuing. An application for the second segment, which includes a crossing of the Kiskatinaw River, is currently before the British Columbia Oil and Gas Commission. Construction operations are scheduled to resume in the field immediately following the spring breakup.
Early in the year, Terra Energy announced a capital expenditure plan and budget in the amount of approximately $30-million, which amount was based upon estimates of the company's cash flows from operations for the year. These estimates, in turn, were based upon forecasts of natural gas pricing of $7.25 per thousand cubic feet for the calendar year. As a result of increased natural gas pricing and as a result of the elimination of interest costs for the balance of the year, the company can expect higher cash flows from operations for the year. The company's strong weighting toward natural gas results in price sensitivity of approximately $8-million of increased cash flow from operations per $1.00 per thousand cubic feet of natural gas price increase. The company's board of directors will reconsider the 2008 capital plan during the second quarter.
Second quarter 2008 guidance
Terra Energy is estimating that its average production rate for the second quarter of 2008 to be impacted by the "major" turnaround shutdown at the McMahon gas plant. These major turnarounds are scheduled approximately every three years and may last up to six weeks. This year the shutdown begins in early June. Approximately 90 per cent of the company's production is tied in through the McMahon gas plant. As a result, average production for the second quarter is estimated to be approximately 3,800 boed, with production returning to preshutdown levels once McMahon is fully brought back on-line in early July.
The company is planning to participate in the upcoming CAPP presentations in Calgary on June 16 through June 18, 2008. A copy of the company's corporate presentation will be updated and will be available on the company's website.
A boe conversion ratio of 6,000 cubic feet per barrel of natural gas to barrels of oil equivalence is based upon an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency for the individual products at the wellhead. Such disclosure of boe may be misleading, particularly if used in isolation.
We seek Safe Harbor.