COLORADO SPRINGS, Colo., Oct. 14, 2015 /PRNewswire/ -- PetroTerra Corp. (OTCQB: PTRA) ("PetroTerra" or "the Company"), an independent oil and gas exploration company currently focused on the Sevier and Beaver Oil Project in west central Utah, announced today that it has hired Roy A. Moore as Company Landman pursuant to an independent contractor agreement with RAM Land Services, LLC ("RAM").
"Roy's local experience in land and lease matters in central Utah will be of great value as PetroTerra continues to execute its initial exploration program," said John Barton, CEO of PetroTerra Corp. "In addition to his detailed knowledge of local oil & gas operations, Roy has a wide-ranging set of skills he has gained from his time at RAM and at Wolverine Gas & Oil. We welcome him to the team and to taking advantage of his expertise as the Company continues to execute its exploration plan."
RAM, which Mr. Moore started in 2012, provides full, turnkey land services, with clients including a 200,000-plus acre play in the Central Utah Overthrust. Prior to founding RAM, Mr. Moore spent eight years as a Landman and seismographic coordinator at Wolverine Gas & Oil. During his time at Wolverine, Mr. Moore was responsible for lease buying, mineral title research/ownership reports, lease take-off research and drilling title opinion curative for a 500,000-plus acre, multi-county play with 26 producing oil wells. In addition to these duties, he also handled many specialized assignments, including seismograph operations (2D & 3D), damage claim resolution and wildlife surveys.
About PetroTerra Corp.
PetroTerra Corp. (OTCQB: PTRA) is an independent oil and gas exploration company based in Colorado Springs, Colorado. The Company is engaged in identifying, evaluating and developing early stage onshore oil and gas opportunities in the domestic US. The Company's strategy is to focus on a step-by-step approach to assets that are located in high potential, proven basins and to prudently develop and manage those assets to create maximum value for shareholders. The Company's current focus is on the Sevier and Beaver Oil Project in west central Utah. The Company owns a 100% working interest and 80% net revenue interest in the project.
To learn about PetroTerra Corp's Leadership team please visit http://www.petroterracorp.com/management.php
Cautionary Statement Regarding Forward Looking Information
This press release includes "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These statements include statements about our plans, strategies, financial performance, prospects or future events and involve known and unknown risks that are difficult to predict. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by PetroTerra and its management team, are inherently uncertain. A more complete description of these risks and uncertainties can be found in our filings with the U.S. Securities and Exchange Commission. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
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SOURCE PetroTerra Corp.