Service Contract for Uranium Exploration Awarded to Terra Insight Services
08 September 2008 - 9:00PM
Marketwired
Terra Energy & Resource Technologies, Inc. (OTCBB: TEGR), an
energy and natural resource exploration technology company,
announces that it has been awarded a $300,000.00 service contract.
According to the contract signed with SEMMEOUS LION MINING LTD.
(SLM), a Niger firm, the Company is to apply its proprietary STeP�
technology in prospecting for uranium on SLM's license blocks.
"It is exciting that the service contract for exploration for
such a valuable strategic mineral as uranium was awarded to us. SLM
is the second largest uranium exploration license holder in Niger,
and we are pleased that we will assist SLM in analysis of some of
its territories," said Dmitry Vilbaum, Chief Executive Officer of
Terra Energy & Resource Technologies, Inc.
The contract is to be performed in three major phases in
relation to the areas earmarked for exploration by the client.
Terra Insight Services, Inc., the services division of the Terra
Energy & Resource Technologies group of companies, will perform
the STeP� analysis for SLM."
"The Company's core competence and competitive advantage are our
technologies. SLM recognizes that Terra Insight Services will
improve accuracy, efficiency and effectiveness of the exploration
process," said Dr. Alexandre Agaian, President of Terra Energy
& Resource Technologies, Inc. "In addition to the
satellite-based study, the Company has offered to the client the
Adsorbed Gas-geochemical Survey services, which will add
significant value, especially if used in conjunction with
STeP�."
About Terra Energy & Resource Technologies, Inc.
Terra Energy & Resource Technologies, Inc., through its
subsidiary Terra Insight Services, Inc. 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 a suite of innovative and efficient
technologies, which facilitate 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
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