Terra Energy Corp. announce its Capital Expenditure Plan and Budget for 2014 (2014 Capex Plan). Initial total capital spending on exploration and development projects for the year is approved at approximately $14.3 million.

Following the various asset marketing and divestment processes which have been undertaken by the Company over the past year, the Company continues to have a sizeable production base centered on the Peace River Arch area of British Columbia and Alberta.

Updated reserves volumes and net asset valuation estimates, for year end 2013 will be released by the Company in March of 2014 in a manner consistent with our annual redetermination and reporting of reserves.

Tags: Terra Energy Corp.