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terra nova energy ltd (TGC) Snapshot

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10/9/14 - C$0.25
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terra nova energy ltd (TGC) Details

Terra Nova Energy Ltd. engages in the acquisition and exploration of petroleum and natural gas properties in Canada and Australia. It has a right to acquire 55% interest in two onshore petroleum exploration licenses, PEL 112 and PEL 444, which are located on the western flank of the Cooper/Eromanga Basins in the South Australia, Australia. The company was formerly known as Terra Nova Minerals Inc. and changed its name to Terra Nova Energy Ltd. in August 2012. Terra Nova Energy Ltd. was founded in 1980 and is headquartered in Calgary, Canada.

Founded in 1980

terra nova energy ltd (TGC) Top Compensated Officers

Chairman and Acting Chief Executive Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

terra nova energy ltd (TGC) Key Developments

Terra Nova Energy Ltd. Completes the Interpretation of the Reprocessed Wingman 3D Seismic Survey

Terra Nova Energy Ltd. announced that it has completed the interpretation of the reprocessed Wingman 3D seismic survey from which eight prospective geological features have been recognized that appear suitable for drilling exploratory wells. The Wingman 3D covers 84 sq km within the Petroleum Exploration License (PEL) 444 block located on the western flank of the Cooper/Eromanga Basins in the State of South Australia, Australia. The geological prospects were recognized using advanced geophysical techniques and are interpreted to have analogous characteristics to those of the adjacent producing Charo field. Terra Nova is in the process of acquiring the required approvals and operational permits in support of an upcoming drilling campaign. Terra Nova has also commenced the reprocessing of PEL 112's Mulka 3D seismic survey by employing similar techniques that were used in the seismic reprocessing of PEL 444. Terra Nova will release further updates in due course.

Terra Nova Energy Ltd. Auditor Raises 'Going Concern' Doubt

Terra Nova Energy Ltd. filed its Annual on Nov 26, 2014 for the period ending Jul 31, 2014. In this report its auditor, KPMG LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Terra Nova Energy Announces Executive Changes

Terra Nova Energy Ltd. announced that it has appointed Matt Anderson as Terra Nova's new Chief Financial Officer to replace outgoing Chief Financial Officer, Robert McMorran. Mr. McMorran will continue to serve as a member of Terra Nova's Board of Directors. Matt is a Senior Consultant with Malaspina Consultants Inc. He serves or has served as CFO of I-Minerals Inc. as well as several other junior public companies including Wolfpack Gold Corp., Search Minerals Inc., Dynamic Oil &Gas Exploration Inc., Tigris Uranium Corp. and Explorator Resources Inc.


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