Terrace Energy Corp

Type: Company
Name: Terrace Energy Corp
First reported Apr 10 2014 - Updated Apr 11 2014 - 2 reports

Terrace increases the appraised value of its STS Olmos reserves by 500% and outlines a 2014 development drilling program

Canada NewsWireVANCOUVER, April 10, 2014VANCOUVERThe Report indicates that the pre-tax net present value of the Company's share of estimated future net revenues attributed to the STS Olmos project's proved-plus-probable reserves of oil, condensate, natural ... [Published Digital Journal - Apr 10 2014]
First reported Apr 10 2014 - Updated Apr 10 2014 - 1 reports

Terrace increases the appraised value of its STS -2-

acceptable to the Company or at all. If not successful, the Company will have to seek and secure alternative financing arrangements or risk losing some of its working interest in the Project.The Company does not assume the obligation to update any forward-looking ... [Published Scottrade - Apr 10 2014]
First reported Mar 26 2014 - Updated Mar 27 2014 - 5 reports

Terrace to develop new acreage in Eagle Ford trend in US

Terrace Energy has entered into a deal to develop new acreage in Zavalla and Dimmit counties, located in the core of the Eagle Ford trend in South Texas, US.In February 2013, the company entered into a farm-in agreement to acquire a 75% working interest ... [Published Energy Business Review - Mar 27 2014]
First reported Mar 17 2014 - Updated Mar 17 2014 - 3 reports

Terrace Energy strikes pay again at its STS Olmos project

The first well, the STS 1-4H, was spud at the end of February and drilled to a measured depth of 13,420 feet, including 4,642 feet of horizontal section in the targeted Olmos "C" Sand. ... ... [Published Big News Network - Mar 17 2014]
First reported Mar 12 2014 - Updated Mar 12 2014 - 1 reports

Shell Summary for March 11, 2014

Aim will issue 37.32 million shares to Heart Force's shareholders. The shell does not say who will receive the shares but Mr. McCartney will probably become one of the larger shareholders. He is a chartered accountant and a director of at least four public ... [Published Stockwatch - Mar 12 2014]
First reported Mar 10 2014 - Updated Mar 10 2014 - 1 reports

Aim to acquire B.C. medical device company as QT

Aim Explorations Ltd. has entered into an agreement in principle with Heart Force Medical Inc. (HFM) dated March 10, 2014, pursuant to which Aim will acquire all of the issued and outstanding shares of HFM, and all of the issued and outstanding non-interest ... [Published Stockwatch - Mar 10 2014]
First reported Feb 25 2014 - Updated Feb 25 2014 - 1 reports

Terrace Energy finalizes farm-in agreement to develop Buda Limestone Formation in South Texas

Terrace Energy Corp. has reached an agreement to acquire and develop significant new acreage in Zavalla and Dimmit Tags: Terrace Energy ... [Published Scandinavian Oil-Gas Magazine - Full Feed - Feb 25 2014]
First reported Jan 14 2014 - Updated Jan 15 2014 - 2 reports

Terrace Energy $10.61-million prospectus offering

The TSX Venture Exchange has been advised that closing of the prospectus offering occurred on Jan. 14, 2014, for gross proceeds of $10,610,250.Please refer to the news releases issued by the company on Dec. 16, 2013, Dec. 18, 2013, and Jan. 14, 2014. ... [Published Stockwatch - Jan 15 2014]
First reported Nov 28 2013 - Updated Nov 28 2013 - 1 reports

Terrace Energy adds additional acreage to its STS Olmos project

Terrace Energy Corp. has reached an agreement to earn a significant block of additional acreage in McMullen County, Texas which is on trend with its Tags: Terrace Energy ... [Published Scandinavian Oil-Gas Magazine - Full Feed - Nov 28 2013]

Quotes

Dave Gibbs, the Company's President and CEO commented "We are extremely pleased with the results of our 2013 delineation drilling program for STS Olmos. The results substantially de-risk the project and set us up for continuing improvements in reserves and economics. The year-over-year reserve improvement is in line with our expectations and allows us to consider non-dilutive financing options to optimize its development economics. Just as important, we believe we have significantly improved our company risk profile and validated our business model."
"We are confident the Buda Limestone formation, which is also present on our 147,000 gross acre Maverick County Project, is highly prospective and will be a core focus for our Company along with the development of our STS Olmos Project and other significant Cretaceous pay intervals that are present on each of our acreage holdings" Gibbs added
Dave Gibbs, president and Chief Executive Officer commented: "We are pleased we were able to secure the remaining net acreage in this project on the same terms as the Farm-in Agreement previously disclosed. We are confident the Buda Limestone formation, which is also present on our 147,000 gross acre Maverick County Project, is highly prospective and will be a core focus for our Company along with the development of our STS Olmos Project and other significant Cretaceous pay intervals that are present on each of our acreage holdings. This acquisition gives us control over the project's development pace, which will be begin on or before August 1 of this year, and allows us to consider its development in partnership with strategic industry participants." WHAT DO YOU THINK?

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Terrace increases the appraised value of its ST... [Published Oil Earth - Apr 11 2014]
Terrace increases the appraised value of its ST... [Published Digital Journal - Apr 10 2014]
Terrace increases the appraised value of its ST... [Published Morningstar.com - Apr 10 2014]
Terrace increases the appraised value of its ST... [Published Scottrade - Apr 10 2014]
Terrace to develop new acreage in Eagle Ford tr... [Published Energy Business Review - Mar 27 2014]
Terrace Energy Adds Additional Acreage in So... [Published Rigzone - Mar 26 2014]
Terrace Energy Adds Buda Limestone Acreage In S... [Published A-Dcenter.com - Mar 26 2014]
TERRACE ENERGY : secures significant additional... [Published 4 Traders - Mar 26 2014]
Terrace secures significant additional acreage ... [Published Digital Journal - Mar 26 2014]
Terrace Energy strikes pay again at its STS Olm... [Published Big News Network - Mar 17 2014]
Terrace strikes pay again at its STS Olmos project [Published Digital Journal - Mar 17 2014]
Terrace strikes pay again at its STS Olmos project [Published Canada NewsWire - Mar 17 2014]
Shell Summary for March 11, 2014 [Published Stockwatch - Mar 12 2014]
Aim to acquire B.C. medical device company as QT [Published Stockwatch - Mar 10 2014]
Terrace Energy finalizes farm-in agreement to d... [Published Scandinavian Oil-Gas Magazine - Full Feed - Feb 25 2014]
Terrace Energy $10.61-million prospectus offering [Published Stockwatch - Jan 15 2014]
Terrace Energy completes $10.61-million offering [Published Stockwatch - Jan 14 2014]
Terrace Energy adds additional acreage to its S... [Published Scandinavian Oil-Gas Magazine - Full Feed - Nov 28 2013]
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