Oil & Gas Exploration Work Programs in Mendoza, Argentina to Include Terra's STeP® Technology

NEW YORK, Sept. 27, 2011 /PRNewswire/ -- Terra Energy & Resource Technologies, Inc. (OTCQB: TEGR), a natural resource exploration technology company, announces that its proprietary technology STeP has been approved by the Secretariat for Hydrocarbons, Mining and Energy of Mendoza, Argentina for inclusion in exploration work programs by oil and gas companies.  The STeP technology has been assigned a work unit value, which is a financial number associated with the proportion of compulsory expenditures for each particular type of exploration activity of license block holders in connection with the territory leased from the province for exploration.

Also noteworthy, the STeP technology was assigned the work unit value of 0.3, which is significantly higher than that assigned to other methods, such as aero gravimetry, traditional remote sensing, and reprocessing of 2D and 3D seismic, equal to 0.06, 0.04, 0.05, and 0.1 respectively.

"The work unit assignment for STeP® by Mendoza is equal to the value determined by the province of Chubut several weeks ago," said Dmitry Vilbaum, CEO of Terra Energy & Resource Technologies.  "Mendoza's determination of the high value of STeP work units indicates that the province authorities align STeP with a significant value which it contributes to the exploration process."

Dr. Alexandre Agaian, President of Terra Energy & Resource Technologies, stated: "It is of note, that our method was not lumped into any activity category; it has rather been listed as a separate work type line item.  Terra generated the services business in Chubut following the province's approval of STeP.  We hope this pattern continues in Mendoza and other provinces, where we are actively pursuing services contracts, having also applied for the recognition of our technology."

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 in 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.

Safe Harbor for Forward-looking Statements

This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections.  There are many factors that could cause the Company's expectations and beliefs about its operations, services, plans, projects, and contracts, and its plans or proposals to acquire interests in, or participate in, exploration activities or properties, to fail to materialize, including, but not limited to, availability of capital, satisfaction of contractual conditions and requirements, unfavorable geologic conditions, the amount of reserves projected or ultimately discovered, and general regional economic conditions.

For more information, please contact:
Terra Energy & Resource Technologies, Inc.
212-286-9197
[email protected]

SOURCE Terra Energy & Resource Technologies, Inc.