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Last C$0.41 CAD
Change Today -0.04 / -8.89%
Volume 43.6K
TZR On Other Exchanges
Symbol
Exchange
OTC US
Berlin
As of 3:59 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

terrace energy corp (TZR) Snapshot

Open
C$0.45
Previous Close
C$0.45
Day High
C$0.50
Day Low
C$0.41
52 Week High
09/12/14 - C$2.40
52 Week Low
08/25/15 - C$0.30
Market Cap
36.0M
Average Volume 10 Days
174.7K
EPS TTM
C$-0.29
Shares Outstanding
87.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TERRACE ENERGY CORP (TZR)

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terrace energy corp (TZR) Details

Terrace Energy Corp. engages in the acquisition, exploration, and development of unconventional onshore oil and gas properties in the United States. Its principal projects include Olmos Tight Sandstone Development project covering approximately 14,400 gross mineral acres in LaSalle and McMullen counties, Texas; the Maverick County project covering approximately 147,000 gross mineral acres in Maverick and Zavala Counties, Texas; and the Big Wells Project covering approximately 10,130 gross mineral acres in Dimmit and Zavala Counties, Texas. The company was formerly known as Terrace Resources Inc. and changed its name to Terrace Energy Corp. in June 2011. Terrace Energy Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.

9 Employees
Last Reported Date: 06/1/15
Founded in 2006

terrace energy corp (TZR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$401.3K
Chief Financial Officer and Vice President
Total Annual Compensation: C$191.8K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: C$362.2K
Vice President of Exploration
Total Annual Compensation: C$222.9K
Vice President of Geoscience
Total Annual Compensation: C$222.9K
Compensation as of Fiscal Year 2015.

terrace energy corp (TZR) Key Developments

Terrace Energy Corp. Announces Production and Earnings Results for the Year Ended January 31, 2015

Terrace Energy Corp. announced production and earnings results for the year ended January 31, 2015. For the year, the company posted a 31% increase in production volumes of 122,943 BOE in fiscal 2015 compared to 93,604 BOE in 2014. The company announced earnings results for the year ended January 31, 2015. For the year, the company reported an 18% increase in gross revenues of $6,725,471 compared to $5,718,813 in 2014. The impact of increased production volumes was partially offset by falling oil prices in the fourth quarter. The company incurred a loss of $24,514,426 compared to a loss of $6,575,492 for the year ended January 31, 2014.

Terrace Energy Corp. Reports Additional Well Results and Continuing Progress on its STS Olmos Development Project

Terrace Energy Corp. reported continuing positive results and progress on its STS Olmos Development Project in McMullen and LaSalle Counties, Texas. Stabilized 30 Day Average IP rates are now reported at a combined total of 2,478 BOEPD as follows: STE #1-5H 694 BOPD, 1172 MCFD; STE #2-5H 554 BOPD, 923 MCFD; STE #3-5H 698 BOPD, 1101 MCFD. These wells have now been on production for approximately 40 days have produced a total of approximately 100,000 BOE. Progress continues as planned on the overall development of the project. Drilling operations have been successfully concluded on two additional three-well pads. These six wells in McMullen County have been successfully drilled and cased in the Olmos Formation with lateral lengths averaging 5,400 feet. Based on the successful experience with the first two pad developments, fracture stimulation programs are being refined and optimized. In order to take advantage of favorable market conditions, the company's partner is rebidding stimulation and related services and will finalize schedules accordingly. The obligations under the existing drilling rig contract have also been fulfilled.

Terrace Energy Corp., Annual General Meeting, Jun 24, 2015

Terrace Energy Corp., Annual General Meeting, Jun 24, 2015., at 11:00 Pacific Standard Time. Location: 1012 ­ 1030 West Georgia Street. Agenda: To receive the audited annual financial statements of the company for its financial year ended January 31, 2015 together with the auditors' report thereon; to elect directors for the ensuing year; to appoint Smythe Ratcliffe LLP, Chartered Accountants, as the company's auditors for the ensuing fiscal year; to consider and, if thought fit, to pass an ordinary resolution ratifying and approving the existing 10% "rolling" stock option plan of the company; and to approve the transaction of such other business as may properly come before the Meeting and any adjournment(s) or postponement(s) thereof.

 

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