Terra Energy & Resource Technologies Inc (TEGR) Financial

Terra Energy & Resource Technologies, Inc. is a development stage company, which engages in the drilling and exploration of oil, gas, and mineral properties. The company is headquartered in New York City, New York and currently employs 7 full-time employees. The company went IPO on 2002-11-11. The Company’s technologies include Sub Terrain Prospecting (STeP), Naturally Adsorbed Gas Survey (NAGS), Side View Seismic Locator (SVSL) and Seismic Location of Emission Centers (SLEC). STeP is a proprietary, remote sensing and analytical technology, which interprets and quantifies various natural phenomena manifest at the surface using algorithms and models, such phenomena being directly linked to subsurface hydrocarbon-bearing geological features. NAGS discovers anomalies in the adsorbed gas content of rock samples collected below the soil level indicative of hydrocarbon prospectively. SVSL identifies zones of open fracturing, which are known for superior productive potential. SLEC directly determines the presence and nature of fluids in the subsurface.