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06/14/13 - C$0.22
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terra nova energy ltd (TGC) Details

Terra Nova Energy Ltd. engages in the acquisition and exploration of petroleum and natural gas properties. It has an option to earn a 55% interests in petroleum and natural gas rights comprising petroleum exploration licenses (PEL) 112 covering 2,196 square kilometers and PEL 444 that covers 2,358 square kilometers located in the Cooper/Eromanga basin in the northeast corner of the state of South Australia. The company was formerly known as Terra Nova Minerals Inc. and changed its name to Terra Nova Energy Ltd. in August 2012. Terra Nova Energy Ltd. was founded in 1980 and is headquartered in Calgary, Canada.

Founded in 1980

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terra nova energy ltd (TGC) Key Developments

Terra Nova Energy Ltd. Announces Board Appointments

Terra Nova Energy Ltd. announced that Mr. Carlo Civelli & Mr. Jock McCracken have agreed to join Terra Nova's advisory committee.

Terra Nova Energy Ltd. Appoints Mark Jarvis & Lyle Davis as Directors

Terra Nova Energy Ltd. announced the appointment of Mark Jarvis & Lyle Davis to its board of directors. Mark Jarvis has more than 25 years of experience in the exploration, development & financing of mineral resources, both in the energy & metals industries. After a career in financing exploration projects as a stockbroker, Mr. Jarvis joined the Board of Ultra Petroleum in 1996 when it was a Junior Oil &Gas exploration and development company. Lyle Davis, P.Eng., MBA, has extensive experience in the corporate finance, advisory, and management services of public companies.

Terra Nova Energy Ltd. Announces 3D Seismic Survey on PEL 444 Successfully Identifies Anomalies

Terra Nova Energy Ltd. announced that it has received the initial geophysical evaluation for the PEL 444 Wingman 3D Seismic Survey, completed in December 2013 by Tanglin Exploration Pty Ltd. of Sydney, Australia. The evaluation has confirmed that the survey effectively images the lower Birkhead formation which is the principle reservoir in the Snatcher /Charo and Growler Oil Fields, located on trend with PEL 444. Various anomalies have been identified from the seismic interpretation that may support hydrocarbon trapping, effectively encouraging further analysis. The results of this study will be integrated with 2D seismic data shot in 2005, to evaluate the prospectivity of the southeastern portion of the exploration license. The use of regional 3D seismic surveys as an exploration tool has greatly improved the wildcat success rate in the West Eromanga Basin, South Australia. The Wingman 3D seismic survey covers approximately 80 square kilometers and was acquired in the southeastern part of PEL 444. The data was processed by Dolphin Geophysical Pte Ltd. in Singapore. Management is currently assessing next steps to advance its exploration program.


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