PetroTerra Corp. Hires Thompson Solutions to Perform Technical Analysis Work at its Sevier and Beaver Oil Project

COLORADO SPRINGS, Colo., Oct. 27, 2014 /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 engaged Thompson Solutions LLC ("Thompson") to perform the next step in the technical analysis on the Company's Sevier Oil Prospect.

"PetroTerra is excited to begin the development of its Sevier and Beaver Oil Project," said John Barton, CEO of PetroTerra Corp. "By conducting an analysis of the gravity and magnetic data that already exists, and integrating the digital files and maps we receive from Thompson, this will aid us in identifying the most prospective trends and leads on our acreage and enable us to move to the second phase of development."

PetroTerra Corp owns a 100% working interest and 80% net revenue interest in the Sevier and Beaver Oil Project, which is situated along the central Utah Thrust Belt. The Thrust Belt is a geologic feature that is part of an oil producing structural trend extending from Canada to the southern United States. The Company's initial analysis will focus on the two Sevier County leases that comprise the Sevier Prospect.

Phase One Overview

Thompson will process both the public domain gravity and aeromagnetic datasets that currently exist over the Sevier Prospect. The public domain gravity data coverage is expected to be sufficient to identify major structures and geologic trends of interest. Integration of the gravity data with existing or to-be-acquired seismic will help to reduce interpretation ambiguities and to better characterize any potential risks as the project moves forward. The public domain aeromagnetic data will help delineate basement geologic structure and faulting that can impact migration and trapping of hydrocarbons in the overlying sedimentary section.

When processing of the public domain gravity and aeromagnetic data is complete, Thompson will provide PetroTerra with digitally enhanced files and maps.  Analysis of these products will help PetroTerra focus on prospective trends and leads in the area.  Based on the results of this analysis, a new detailed land gravity survey, and possibly a new high resolution aeromagnetic survey, will be considered for Phase Two.

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 more about PetroTerra Corp. please visit http://www.petroterracorp.com/.

About Thompson Solutions LLC

Thompson Solutions LLC provides integrated geophysical and geological interpretation solutions for the exploration of oil, gas, and minerals. They provide custom solutions that are based on integration of the client's data with Thompson's expertise in the interpretation of gravity, magnetic, and geological data.

Thompson Solutions was founded by Gary Thompson, a senior geophysicist and geologist with over 30 years worldwide experience with potential field geophysics, exploration geology, and Geographic Information Systems (GIS). His industry training and experience includes time with Unocal Corporation and the Superior Oil Company.

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.  

PetroTerra Corp.
422 East Vermijo Avenue
Suite 313
Colorado Springs, Colo. 80903
Tel: 719-219-6404
Fax: 719-219-6200

Investor Relations Contact
KCSA Strategic Communications
880 Third Avenue
New York, NY 10022
Brad Nelson / Jeffrey Goldberger
Toll Free:  1-800-787-2062
Email: [email protected]

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/petroterra-corp-hires-thompson-solutions-to-perform-technical-analysis-work-at-its-sevier-and-beaver-oil-project-644960437.html

SOURCE PetroTerra Corp.

Related Links

http://www.petroterracorp.com

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