PetroTerra Corp. (OTCMKTS:PTRA) an independent gas and oil exploration entity currently working on the Sevier and Beaver Oil assignment in west central Utah, reported that it has engaged Roy A. Moore as its Landman following an independent contractor deal with RAM Land Services, LLC.
The management view
John Barton, the CEO of PetroTerra, said that Moore’s local experience in lease and land projects in central Utah will be of prime importance as company continues to implement its initial exploration plan. In addition to his extensive knowledge of local oil and gas businesses, Moore has numerous skills that he has gained from his career spent at Wolverine Gas & Oil and RAM. Barton added that they welcome Moore to the team and to taking benefit of his expertise as PetroTerra continues to follow its exploration plan.
The experience
RAM, which Moore introduced in 2012, offers full, advanced land services, with clients’ list including a more than 200,000 acre region in the Central Utah Overthrust. Before establishing RAM, Moore served as a seismographic coordinator and Landman at Wolverine Gas & Oil for eight years. During his tenure at Wolverine, he was responsible for lease buying, lease take-off research, drilling title opinion curative and mineral title research and ownership reports for multi-county play with twenty-six producing oil wells. Additionally, he handled many specialized projects, including damage claim resolution, wildlife surveys and seismograph operations.
The profile
PetroTerra is renowned oil and gas exploration entity operational in Colorado Springs. It identifies, evaluates and develops early stage oil and gas opportunities in the U.S. The company follows a step-by-step approach to prudently develop assets and enhance shareholders value. More recently, the company is busy working on the Sevier and Beaver Oil assignment in west central Utah. It owns 80% net revenue interest and a 100% WI in the assignment.
PetroTerra Corp. (OTCMKTS:PTRA) suffered from the first bout of profit booking after 3 consecutive days of rally as it ended the last trading session with a major loss of 10.88%. The volume of 1.8 million was much higher than the daily average of 251,000 but the earlier sessions had seen much more activity. It is still too early to label the decline as a normal correction or a reversal and only the price action in the next couple of sessions can confirm that. The breakout rally came out f an intermediate base formed over the last few months and the range target has already been met.
