“The project consists of two major phases, where we are to utilize our STeP® (satellite-based)
The Letter of Intent, signed with the Natural Resource Authority in March 2008 for the pilot project in Jordan, called for utilizing the Company’s technologies to explore Jordan’s natural resources.
The LOI was signed by the Minister of Energy and Mineral Resources, His Excellency Eng. Khaldoun Qteishat. The non-binding LOI states: “Subject to further negotiations and a formal agreement, it is the intent of the parties that, upon agreement of the Authority that the test is successful the Authority would also commence negotiation of an agreement with TEGR for a Phase 1 STeP and AGS surveying of the whole country of Jordan.”
“It’s very exciting that the Government of Jordan has expressed interest in our technologies and that we are continuing with the second phase of this project,” said Dmitry Vilbaum, the Company’s Chief Executive Officer. “We intend to expand our technology offering in the near term. We realize that the Middle East is an important region for us in its recognition and demand of our technology services, and we expect to generate additional interest in Jordan and the neighboring countries.”
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About Terra Energy & Resource Technologies, Inc.
Terra Energy & Resource Technologies, Inc., through its subsidiary Terra Insight Services, Inc., provides mapping and analysis services for exploration, drilling, and mining companies related to natural resources found beneath the surface of the Earth. The Company uses a suite of innovative and efficient technologies, which facilitate the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources and assesses them for any given geographic area -- on or offshore. For more information, visit
http://www.terrainsight.com.
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Crown Equity Holdings, Inc (CRWE.OB) anticipate being compensated five thousand dollars from a third party for 30 days of advertisement services for Terra Energy & Resource Technologies Inc. (TEGR.OB)
