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Terra Energy Corp Mulls Company Sale
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Terra Energy Corp. has announced its financial and operating results for the three month period ended September 30, 2015.
There continues to be uncertainty with respect to natural gas pricing in North America as well as continued volatility and uncertainty with respect to oil pricing. There is significant speculation on the duration of these prevailing circumstances, but the Corporation's mandate is to continue to operate with discipline and within the limits of its cash flow from operations.
The operational strategy set by the Corporation's board of directors for 2015 is to not participate in any new drilling activity until such time as circumstances change, and to limit capital spending to those projects which involve operational efficiencies, cost reductions, productivity improvements…
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