they got the credit...
"VANCOUVER , June 9, 2014 /CNW/ - Terrace Energy Corp. (the "Company" or "Terrace") (TSXV: TZR, OTCQX: TCRRF; Germany: 2TR) is pleased to announce that its wholly owned subsidiary, Terrace STS, LLC, has secured a US$75 million senior unsecured term credit facility (the "Term Credit Facility"), which is non-recourse to Terrace, to fund the development of its STS Olmos Project in McMullen and LaSalle Counties in south Texas. The facility is arranged and provided by Chambers Energy Capital ("Chambers") of Houston, Texas ."
in general may not be the cure for US or world oil supplies.
From Stephen Leeb's--
If you’ve read our other writings, you know that we’ve long been, and continue to be, skeptical about shale oil as a long-term answer to our energy needs. Rather, we see stubborn systemic problems with fracking—namely, its intensive use of energy and other resources, which accelerates as it becomes necessary to force production from less accessible parts of reservoirs—that will eventually limit its viability."
And the world's oil consumption is poised to rise as some countries continue to develop and other countries come out of the R. caused world wide depression. It isn't a wonder why most of the big investors like Soro's, Boone, and Buffet and countries like China are getting long on Cad oil sands companies. Not to say all US tight oil deposits aren't good, just that some have been creamed and others like the Monterrey are not living up to their expectations.
This bodes very well for companies like PGH, i
BP joined the scramble at the weekend by signing a deal to explore for shale in Volga Urals with Rosneft, even though Rosneft’s chairman, Igor Sechin, is on the US sanctions list.
“I see BP investing in other projects. We are very pleased to be a part of Russian energy complex,” said BP’s chief executive, Bob Dudley, adding that he had been urged by President Vladimir Putin to start fracking in Russia."
TRADE?? Lets give the pathetic psychotic fools away for free. If we can find anyone who will take them, the US obviously doesn't want them, the proof is they are trying to keep Americans from voting, because increasingly they won't vote R. plain ans simple. Every time I hear one of them R. butt holes talk about freedom for Ukrainians, Syrians, Egypt or any other country, I want to puke. The pompous pathological liars speak of freedom, while they make attempts here at home to deny the basic rights of Americans to vote. The make a mockery of our military. They are the party of BS.
A paid for investor advisory is pushing this stock, pushes it about once every three months.
That is true, and funny. He has so many irons in the fire he can't figure out which cow gets which iron. LOL
Ng will go up as more of it is exported and used here at home , which I think as I've stated before, exporting it is a very bad idea. Cheap energy could restore the US as the place to manufacture a diverse amount of value added products. From fertilizer to nylon and everything in between, manufacturing value added products could enrich our middle class again. It could help lift us from the plague of low wage dead end service jobs the US has to many of.
Bottom line yes, Ng will go higher it is an easy double from here.
Shovel ready jobs helped reverse the gw BuSh greater recession, note that when P. Obama took office job losses were in complete and absolute free fall, the world economy was in chaos, capitalism itself was in jeopardy, if you can call this present plutocracy capitalism. Also note that gw BuSh gave everyone 600 bucks to stimulate the economy. One of the few things the fool did correct.
What have the ReptileCons done? Here's a few things, Failed to enforce our financial laws, repealed financial regulation, that turned Wall Street and our banking system into an exclusive fixed game. Blocked the tax initiative bill for US businesses to keep jobs in the US. Blocked the infrastructure bill, blocked the Veterans jobs bill. And to add insult to injury they preach freedom while they use trickery to make voting particularly hard on the working
Now Wall Street and the Banksters are back to the same old paper game, their game that lead the US and the world to the brink of collapse. In the good old days banks loaned money to people who started businesses, and they created real wealth, but those kind of loans are small potatoes now the Banksters got no time for them, they are busy making big bucks by using algorithms, CDO's and derivatives, things that make huge sums of money but not services, products or living wage jobs for the average American.
oil prices vs fuel? Crude has been trading pretty much range bound, but the price of fuel has been steady rising. And this trend started well before Memorial Day weekend.
That is the problem you R. have run out of people who will work for less than a living wage. South Americans came here to better themselves not to work and live in poverty, if that was all they wanted they could have saved themselves the tempting death trip across the southern deserts.
I'd like to know where all the good jobs the R. promised us, with reagan's deregulated financial sector, and so called free trade service based economy. He was 10% correct, the rich did get far richer but the trickle down didn't happen. Typical ReptileCon thinking, the only question is how much longer will the average American will take the Butt F__g without lube.
V.TZR | 4 hours ago
VANCOUVER, May 27, 2014 /CNW/ - Terrace Energy Corp. (the "Company") (TSXV: TZR) (OTCQX: TCRRF) (FRANKFURT: 2TR) is very pleased to announce the addition of Justin F. Foley as Director of Land and Legal to our senior management team effective immediately. Justin will play a critical role in the management of the Company's development and exploration drilling programs as well as our ongoing expansion activities in the prolific South Texas Cretaceous play
Mr. Foley holds both a Masters of Business Administration from Jacksonville University and a Doctor of Jurisprudence degree from South Texas College of Law. Justin brings critical experience in South Texas, having worked in land acquisition and administration, regulatory affairs and contract law with Petrohawk Energy, Hilcorp Energy and Linn Energy. In these assignments, Justin has been an active participant in the development of the Eagle Ford Shale play from its inception. Prior to joining the oil industry, Mr. Foley also served with distinction as a highly decorated combat veteran with the United States Marine Corps.
The Company is also pleased to announce that field operations have commenced on the Chittim Heirs 3-H, its first horizontal well in the highly prospective fractured Buda Limestone play on its 147,000 acre Maverick County Project. This well will be drilled with a two-step process using a conventional drilling rig to drill and case the vertical portion of the well down through the Eagle Ford Shale. The horizontal portion of the hole will then be drilled using a large diameter, coil tubing unit using cutting edge underbalanced drilling techniques. Planning and permitting are in process on the twelve well pad-drilling program on the STS project and initial exploration drilling on the Big Wells project. Further updates on these projects will follow as soon as field activity is initiated.
Dave Gibbs, Company President and CEO stated: "We are extremely pleased to have Justin join our
"Based on the success of the 2013 STS Olmos delineation program, the Company has identified approximately 145 additional drilling locations, only 60 of which are currently considered in estimating future net revenues in the Report. We anticipate adding additional locations into subsequent appraisal reports as the drilling activity continues to delineate the prospect area. We are currently in the final stages of planning for the launch of an aggressive drilling program in the second half of 2014. The plan includes the use of two three-well pads and one six-well pad drilling platforms that allow for the drilling of multiple wells from a single location. The use of these pads will improve capital efficiency and accelerate development of the project.
The Company is presently negotiating a definitive loan agreement with a preferred project lender situated in Houston Texas to secure the capital needed to fund the 2014 and 2015 drilling programs at the STS Olmos project. The final terms and conditions will be disclosed if and when such agreement is reached. "
Things are about to get very interesting.. Note they are trying to borrow money vs. selling stock for their drilling program..
What has that got to do with slave wages? There was no riot, but some were clergy and activists as you call them, but by a huge margin most were unarmed McDonald workers. By contrast most of the armed outlaw anarchist Right Wing Terrorist that showed up at the Bundy welfare ranch were not from NV, and the only cattle they have is in their refrigerator. The Bundy terrorist think they have no freedom in this country, but if they had tried that stunt in any other country they would either be dead, wounded or in custody.
There crime was asking for a living wage so they can pay there bills.. While the CowBoy Bundy still runs around free as a bird protected by a bunch of rightwing nuts that don't believe in Law and Order. What is the difference? The McDonald workers were unarmed and the Bundy nuts are. What is the lesson here?