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
Denke auch, dass eine Kursverdoppelung rasch erreicht sein dürfte!
Montag wirds schwer etwas unter 0,22 zu bekommen
Terax Energy - von 2,60 € auf 0,09 € gefallen innerhalb weniger Tage. Hier sollte eine heftige Gegenbewegung Richtung 0,30 € anstehen.
Wer die Panik kauft kann innerhalb weniger Tage reich belohnt werden.
Hier steht eine 100 - 300 % Reboundchance an. Der Unternehmenswert ist auf lächerliche 5 Mio $ geschrumpft.
WKN: A0ER30
Symbol: T5E
Noch Mitte des Jahres gab es eine Kaufempfehlung von Midas Research mit einem Kursziel von !!! 50 € !!!
QUELLE: MIDAS RESEARCH vom 20.04.2006 RESEARCH ABO
AUF DIE PLÄTZE… FERTIG… TERAX!
http://www.terax.com/
Terax ENERGY (WKN A0ER30) - Das Uhrwerk läuft
Bereits 5 Quellen gebohrt und vor wenigen Tagen jetzt Gaslieferungsvertrag mit Louis Dreyfus Gas Development L.P. geschlossen
Trotzdem noch 16 Mio. $ auf der Bank für weitere Exploration
Managementprognose zeigt Kurspotenzial von über 2000 % !
Setzen Sie gerne Ihr Vermögen in den Sand? Wir nicht, deshalb sind wir froh, Terax ENERGY noch gerade rechtzeitig entdeckt zu haben. Denn Terax ENERGY (OTC BB: TERX / WKN: A0ER30) ist da, wo andere Gasexplorer erst noch hin wollen. Barnett Shale im US-Bundesstaat Texas ist das El Dorado der Gas-Branche. Doch auch hier ist das Explorationsgeschäft nicht ohne Risiko. Deshalb hat Terax erst sein Explorationsprogramm voll durch finanziert und sich dann an die Arbeit gemacht. Es hat sich gelohnt, wie der Abschluss eines ersten Gaslieferungsvertrages vor wenigen Tagen zeigt. Jetzt kann das Terax-Uhrwerk laufen - Quelle für Quelle - und der Börsenkurs dann auch!
Fazit: Nach dem brutalem Ausverkauf innerhalb weniger Tage steht hier eine kräftige Gegenbewegung an !
Euer El genio!