INOGT Presents Innovative Technology at a Prestigious Geophysical Conference
17 June 2008 - 9:00PM
Marketwired
NEW YORK, NY announces that the Institute of New Oil and Gas
Technologies (INOGT), with which the Company has recently signed a
Memorandum of Understanding to acquire 100% of its equity
ownership, presented its innovative Seismic Location of Emission
Centers (SLEC) technology at the European Association of
Geoscientists & Engineers (EAGE) conference and exhibition in
Rome, Italy.
"We are excited that the SLEC technology, which we plan will
become part of our technology complex, was presented at such a well
recognized event. INOGT and Gazprom scientists co-authored the
presentation," said Dmitry Vilbaum, Chief Executive Officer of
Terra Energy & Resource Technologies, Inc. "The presentation of
Seismic Location of Emission Centers (SLEC) in Rome alongside a
major oil and gas company, Gazprom, strengthened the scientific and
commercial validity of SLEC in the geophysical community. Terra
Energy & Resource Technologies is proud to be able to expand
its technology offering with SLEC.
"SLEC, Seismic Location of Emission Centers, is a passive
seismic technology. It was designed, to address one of the toughest
challenges of modern oil and gas exploration -- determination of
fluid saturation in reservoirs. It also addresses other important
aspects like timing and management of hydrofracturing. We are
seeking to develop an innovative approach of 3S --
Space-Surface-Subsurface. SLEC is planned to be a part of this
highly accurate, effective, and efficient suite of
technologies."
About Terra Energy & Resource Technologies, Inc.
Terra Energy & Resource Technologies, Inc., through its
subsidiary Terra Insight Corporation, provides mapping and analysis
services for exploration, drilling, and mining companies related to
natural resources found beneath the surface of the Earth. The
Company uses proprietary satellite-based STeP (Sub-Terrain
Prospecting) technology, which facilitates the prediction and
location of commercially viable deposits of hydrocarbons, gold,
diamonds, and other natural resources and assesses them for any
given geographic area -- on or offshore. For more information visit
http://www.terrainsight.com.
Safe Harbor for Forward-looking Statements
This press release may contain forward-looking information
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, and is subject
to the safe harbor created by those sections. There are many
factors that could cause the Company's expectations and beliefs
about its operations or its plans to acquire additional exploration
properties, plans to drill or drilling results to fail to
materialize, including but not limited to competition for new
acquisitions; availability of capital; unfavorable geologic
conditions; prevailing prices for oil, natural gas and other
natural resources; and general regional economic conditions.
Media Inquiries: Terra Energy & Resource Technologies, Inc.
Dmitry Vilbaum CEO Phone: (212) 286-9197
Terra Energy and Resourc... (CE) (USOTC:TEGR)
Historical Stock Chart
From Feb 2025 to Mar 2025
Terra Energy and Resourc... (CE) (USOTC:TEGR)
Historical Stock Chart
From Mar 2024 to Mar 2025
