600% Chance TERAX ENERGY INC
27.10.06 15:16
#1
sefo
600% Chance TERAX ENERGY INC
Terax Energy's Barnett Shale Investments Have Plenty of Company
DALLAS, Oct. 27, 2006 (PRIMEZONE) -- Companies of all sorts continue to pile into the Barnett Shale play in Texas.
The Southern California Public Power Authority has just purchased a share of a natural gas field on the Barnett Shale in Texas as a way to secure fuel for natural gas-fired power plants, the authority said on Thursday. The SCPPA represents southern California cities Anaheim, Burbank, Pasadena and Colton and the Turlock Irrigation District.
The authority purchased the Barnett Shale properties of Collins & Young Holdings LP. It did not disclose the price paid. Devon Energy will operate the drills in the Newark East Field of the Barnett Shale in Texas and is expected to yield 67 billion cubic feet of equivalent of proven reserves.
Two weeks ago, Dune Energy closed an acquisition of Barnett Shale properties for $7.0 million and agreed to purchase additional Barnett Shale properties for $25.8 million.
Two weeks prior to that, Ignis Petroleum Group, Inc. agreed to acquire 45% of the acreage, producing properties and natural gas gathering and treating system currently held by W. B. Osborn Oil & Gas Operations, Ltd. and St. Jo Pipeline Limited within the St. Jo Ridge (Barnett Shale) Field, located in Montague and Cooke Counties, Texas. The purchase price of $18,450,000, before closing adjustments, is to be paid in cash. And so it goes.
Terax Holdings In The Barnett Shale Area
Terax Energy (OTCBB:TERX) has acquired a total lease position of roughly 27,493 mineral acres in Erath, Comanche, and Hamilton Counties, Texas. Terax commenced drilling operations over the last year and to date, has spudded four wells in the Barnett. The company has entered into a five-well drilling contract with Unit Texas Drilling LLC, a wholly-owned subsidiary of Unit Corporation. Terax has an option to extend its drilling contract to additional wells. It is estimated that Terax will have drilled 14 wells in the Barnett through the end of 2006.
About Terax Energy Inc.
Terax Energy Inc. is an exploration and production company focused on the optimal exploitation and development of natural gas reserved in the Barnett Shale Formation, underlying its leases in North Central Texas. Founded in early 2005, Terax assets include leases covering approximately 27,500 gross acres in two mostly contiguous blocks of prospective Barnett Shale development acreage located in Erath and Comanche Counties, Texas. The blocks offer an exceptional opportunity to utilize the latest horizontal drilling techniques and completion technologies to tap natural gas reserves in this play.
Terax has developed an experienced field services team and a governing management group with proven expertise in the early stage development of oil and gas opportunities. Management's goal for Terax is to build maximum shareholder value through its current assets, and the exploration, exploitation, and development of its highly prospective oil and gas properties.
Terax common stock has been traded under the symbol TERX since June 13, 2005.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.
CONTACT: Terax Energy, Inc.
Lawrence J. Finn
Info@teraxenergy.com
One Galleria Tower
13355 Noel Road, Suite 1370
Terax Energy's Barnett Shale Investments Have Plenty of Company
DALLAS, Oct. 27, 2006 (PRIMEZONE) -- Companies of all sorts continue to pile into the Barnett Shale play in Texas.
The Southern California Public Power Authority has just purchased a share of a natural gas field on the Barnett Shale in Texas as a way to secure fuel for natural gas-fired power plants, the authority said on Thursday. The SCPPA represents southern California cities Anaheim, Burbank, Pasadena and Colton and the Turlock Irrigation District.
The authority purchased the Barnett Shale properties of Collins & Young Holdings LP. It did not disclose the price paid. Devon Energy will operate the drills in the Newark East Field of the Barnett Shale in Texas and is expected to yield 67 billion cubic feet of equivalent of proven reserves.
Two weeks ago, Dune Energy closed an acquisition of Barnett Shale properties for $7.0 million and agreed to purchase additional Barnett Shale properties for $25.8 million.
Two weeks prior to that, Ignis Petroleum Group, Inc. agreed to acquire 45% of the acreage, producing properties and natural gas gathering and treating system currently held by W. B. Osborn Oil & Gas Operations, Ltd. and St. Jo Pipeline Limited within the St. Jo Ridge (Barnett Shale) Field, located in Montague and Cooke Counties, Texas. The purchase price of $18,450,000, before closing adjustments, is to be paid in cash. And so it goes.
Terax Holdings In The Barnett Shale Area
Terax Energy (OTCBB:TERX) has acquired a total lease position of roughly 27,493 mineral acres in Erath, Comanche, and Hamilton Counties, Texas. Terax commenced drilling operations over the last year and to date, has spudded four wells in the Barnett. The company has entered into a five-well drilling contract with Unit Texas Drilling LLC, a wholly-owned subsidiary of Unit Corporation. Terax has an option to extend its drilling contract to additional wells. It is estimated that Terax will have drilled 14 wells in the Barnett through the end of 2006.
About Terax Energy Inc.
Terax Energy Inc. is an exploration and production company focused on the optimal exploitation and development of natural gas reserved in the Barnett Shale Formation, underlying its leases in North Central Texas. Founded in early 2005, Terax assets include leases covering approximately 27,500 gross acres in two mostly contiguous blocks of prospective Barnett Shale development acreage located in Erath and Comanche Counties, Texas. The blocks offer an exceptional opportunity to utilize the latest horizontal drilling techniques and completion technologies to tap natural gas reserves in this play.
Terax has developed an experienced field services team and a governing management group with proven expertise in the early stage development of oil and gas opportunities. Management's goal for Terax is to build maximum shareholder value through its current assets, and the exploration, exploitation, and development of its highly prospective oil and gas properties.
Terax common stock has been traded under the symbol TERX since June 13, 2005.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.
CONTACT: Terax Energy, Inc.
Lawrence J. Finn
Info@teraxenergy.com
One Galleria Tower
13355 Noel Road, Suite 1370
481 Postings ausgeblendet.
30.01.07 09:45
#488
Needfriends
Gar kein Handel?
Die freundlichen Mitarbeiter bei Cortal Consors meinten, dass die Aktie seit gestern komplett vom Handel ausgesetzt wurden, an allen Banken, nur hat Cortal Consors halt die Funktion, dass das auch angezeigt wird, also bei CC nicht gehandelt werden kann.
Wenn diese Kapitalmaßnahme zuende ist, werden die Aktien freigeschaltet. Die bisherigen Kurse sind also nur Scheinkurse - laut Mitarbeiterin. Die richtigen Kurse werden dann berechnet, wenn der Reverse Split vollzogen ist (an allen Banken).
Das heißt alle die mit der neuen Terax Geld verdient, sie verkauft und verkauft haben seit gestern, müssen laut Cortal Consors mit einer Rückabwicklung rechnen...
So long
Wenn diese Kapitalmaßnahme zuende ist, werden die Aktien freigeschaltet. Die bisherigen Kurse sind also nur Scheinkurse - laut Mitarbeiterin. Die richtigen Kurse werden dann berechnet, wenn der Reverse Split vollzogen ist (an allen Banken).
Das heißt alle die mit der neuen Terax Geld verdient, sie verkauft und verkauft haben seit gestern, müssen laut Cortal Consors mit einer Rückabwicklung rechnen...
So long
30.01.07 09:54
#490
Needfriends
Auch gestern wurden neue Stücke gehandelt...
.. aber ich kann nur das sagen, was die Dame am Telefon mir mitteilte: Der RS wurde noch nicht abgeschlossen, es gibt keinen Handel, und wenn das einige Brooker nicht verstanden haben, dann handeln sie mit etwas, dass es so nicht gibt ;)
Nur meine Meinung dazu bzw. die Aussage bei Cortal Consors (01803 252501, 9 ct / min aus deutschem Festnetz)
Nur meine Meinung dazu bzw. die Aussage bei Cortal Consors (01803 252501, 9 ct / min aus deutschem Festnetz)