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Last C$0.06 CAD
Change Today +0.005 / 10.00%
Volume 56.5K
TT On Other Exchanges
As of 10:58 AM 10/5/15 All times are local (Market data is delayed by at least 15 minutes).

terra energy corp (TT) Snapshot

Previous Close
Day High
Day Low
52 Week High
10/17/14 - C$0.33
52 Week Low
08/18/15 - C$0.04
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for TERRA ENERGY CORP (TT)

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terra energy corp (TT) Details

Terra Energy Corp., a junior oil and gas company, explores for, develops, and produces petroleum and natural gas in Western Canada. Its operations are primarily located in central region of Alberta, northeastern British Columbia, and Saskatchewan. As of December 31, 2014, the company had interests in net 149 producing and 295 non-producing oil, natural gas, and other wells. Terra Energy Corp. is headquartered in Calgary, Canada.

32 Employees
Last Reported Date: 03/31/15

terra energy corp (TT) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$275.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$235.0K
Total Annual Compensation: C$176.0K
Vice President of Production Operations
Total Annual Compensation: C$210.0K
General Manager of Land
Total Annual Compensation: C$145.0K
Compensation as of Fiscal Year 2014.

terra energy corp (TT) Key Developments

Terra Considers Strategic Options

Brian Yaworski, Chairman of the Board of Directors of Terra Energy Corp. (TSX:TT) and Chairman of the Special Committee of Independent Directors of Terra, indicated that "Terra will continue to solicit proposals to deleverage and enhance shareholder value. Together with Black Spruce Merchant Capital, the Special Committee of Independent Directors of Terra is continuing to pursue and evaluate a variety of strategic transactions including the sale of additional oil and gas properties, joint venture opportunities as well as entering into strategic alliances, mergers, restructuring or a recapitalization of the Company."

Terra Energy Corp. Reports Financial and Operating Results for the Three Months Period Ended June 30, 2015

Terra Energy Corp. reported financial and operating results for the three months period ended June 30, 2015. For the quarter, the company reported net revenue was CAD 5,431,000 compared with THB 9,877,000 a year ago. Loss before income taxes and other income was THB 4,488,000 compared with profit of THB 12,000 a year ago. Net loss was CAD 4,478,000 compared with profit of CAD 12,000 a year ago.

Terra Energy Corp. Announces Renewal of Credit Facility

Terra Energy Corp. announced the renewal of its credit facility with its senior lender. The annual review of the corporation's credit facility has now been completed by Chartered Lender and the existing facility has been renewed at substantially the same terms and rates as the previous facility. The facility is comprised of a $22.5 million revolving loan, an approximate $5 million Letters of Credit facility and a $700,000 remaining development line and is subject to annual and mid-term review. The facility is payable on demand with the next annual review scheduled for May 1, 2016.


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