Terra Energy & Resource Technologies Completed Its STePÂ® Survey for YPF
NEW YORK, June 20, 2011 /PRNewswire/ — Terra Energy & Resource Technologies, Inc. (OTCBB: TEGR), a natural resource exploration technology company, has completed its services for YPF, the largest Argentine oil and gas producer, under a contract to provide the Company’s Sub-Terrain Prospecting (STePÂ®) technology to survey YPF’s oil and gas license area in the province of Mendoza, Argentina. STePÂ® is a proprietary method which uses the innovative models and techniques to remotely process satellite and other analytical data and accurately delineate oil and gas deposits.
“YPF is a valuable client for Terra, and we have provided YPF with our STePÂ® analysis and conclusions about the license area. Every prospecting study, whether traditional geological or our proprietary STePÂ® analysis, is aimed at creating an incremental value and increasing the level of knowledge and information about the area of focus,” said Dr. Alexandre Agaian, President of Terra Energy & Resource Technologies. “We believe that our STePÂ® study achieved this goal, adding this project to a long list of Terra’s work worldwide. Terra is proud that this South American energy giant is utilizing our technology in its exploration process, and we anticipate additional projects with YPF in the future.”
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 contains 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, services, plans, projects, and contracts, and its plans or proposals to acquire interests in, or participate in, exploration activities or properties, to fail to materialize, including, but not limited to, availability of capital, satisfaction of contractual conditions and requirements, unfavorable geologic conditions, the amount of reserves projected or ultimately discovered, and general regional economic conditions.
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