Houston, TX - October 16, 2006 - R2R Technologies LLC, a start-up oil and gas production company, announced the appointment of Jeff Barndt as President.
Barndt brings more than 30 years experience in the oil and gas industry to his new position at R2R. Most recently, he led multi-disciplined evaluation teams for worldwide mergers, acquisitions and divestments with Jefferies (Randall & Dewey), where he completed in excess of two billion dollars of transactions. Prior to Jefferies, he held positions with Amoco in New Orleans, Chicago, Tunis and The Hague. He established Amoco's offices and served as the resident manager in Nigeria and Pakistan. His last assignment was as the Manager of Portfolio Analysis and Planning for Amoco's global exploration business unit.
Jeff Barndt earned his B.A. and M.A. degrees in Earth Sciences from Dartmouth College.
Patrick Keenan, Chairman, said: "The initial management team of R2R is now firmly in place, ready to tackle multiple projects in unconventional reservoirs. Jeff Barndt brings experience, passion and credibility to R2R, positioning the company to quickly capitalize on the proprietary geomechanics technology developed at Stanford University by Dr. Mark Zoback, who will be advising the company on a regular basis".
About R2R TechnologiesR2R is a start-up oil and gas production company focused on unconventional reservoirs, such as fractured shale and tight gas sandstones within the lower 48 states. The company intends to capitalize on a unique competitive advantage based upon its in-depth understanding and access to proprietary geomechanics technology. The management team is comprised of individuals with diverse backgrounds in engineering, finance and operations in the oil and gas industry.
Press Release
Seattle, Washington -- August 18, 2006 -- Torrent Energy Corporation (the "Company") (OTCBB: TREN) is pleased to announce that its wholly owned operating subsidiary, Methane Energy Corp. ("Methane") has established an important technical alliance with GeoMechanics International Inc. regarding its coalbed natural gas pilot project in Coos County, Oregon.
In exchange for providing valuable geotechnical consulting services to support Methane's 2006/07 drilling and completion program, GeoMechanics International Inc. ("GMI": www.geomi.com), through its subsidiary R2R Technologies LLC ("R2R"), will receive an equity position in Torrent Energy Corp. in the form of a grant of 125,000 shares of Torrent Energy Corp. restricted stock.
GeoMechanics International Inc. is a recognized leader in consulting, training and software in the field of reservoir geomechanics in the oil and gas industry and has delivered value to more than 60 clients in over 500 engagements in 35 oil provinces worldwide. Their methods are based on 20 years of R&D and 10 years of practical application to oilfield problems and their specialists have over 300 years of combined experience. GMI looks at the entire field development for opportunity to reduce exploration risk, to save Non Productive Time (NPT) and to increase production and recoverable reserves.
"The Coos Bay project is ideal for the application of GMI's technology through our new subsidiary, R2R Technologies (converting resources to reserves)" said Patrick Keenan, President of GMI. Don Ritter, Vice President-Engineering and Strategic Alliances for GMI states "The Oregon Coast is significantly affected by tectonic stress and our understanding of this stress with respect to the reservoir allows us to optimize production through stimulation treatments that are designed specifically for this stress concentration. We can also model the wellbore behavior during drilling and significantly lower the risk of drilling and completion operations. With an equity stake as our only compensation, we are completely aligned with Methane Energy to add value to the Coos Bay CBM project."
Torrent President and Chief Executive Officer, John Carlson, states "We have always believed that we have both the financial resources and the technical expertise to advance our Coos Bay CBM project. However, in any new petroleum environment, success often depends on utilizing new technologies and associated expertise to overcome the myriad of technical drilling and reservoir issues typically encountered during the life of the project. The addition of GMI to our technical team will enhance our understanding of the physical properties of the coal reservoirs, how best to locate and drill optimum locations within the project area and how to improve productivity from the individual coals seams through enhanced well stimulation design. GMI's support of the Coos Bay project is significant and we believe the addition of GMI's expertise will enhance the value of this project. We look forward to seeing immediate results as we move into a new round of drilling."
About Torrent Energy CorporationTorrent Energy Corporation is a growing exploration company focusing on developing non-conventional natural gas reserves in the Northwestern United States. The Company's primary objective is to create value for stakeholders by applying strong technical expertise to projects. The current focus of the Company's Oregon subsidiary, Methane Energy Corp., is on the exploration of the Coos Bay Basin project in southwestern Oregon where the Company currently has a land portfolio that includes over 116,000 acres of prospective land. The Company's Washington subsidiary, Cascadia Energy, is focused on two projects in southwestern Washington State where it holds substantial lease and lease option commitments.
For more information please visit www.torrentenergy.com
On behalf of the Board of Directors,
TORRENT ENERGY CORPORATION
John D. Carlson, President & CEO
For more information contact:
Bruce Nurse, Corporate Communications
info@torrentenergy.com
1-800-676-TREN (8736)
Press Release |
Al H. Denson joins R2R Technologies as
Vice President Engineering
Houston, TX - January 9, 2007 - R2R Technologies LLC, a startup oil and gas production company, announced today the appointment of Al Denson as Vice President of Engineering.
Mr. Denson is an energy industry executive with more than 25 years of both international and U.S.- based experience in the areas of exploration and production, engineering, acquisitions and business development. He recently has been a consultant in oil and gas acquisitions and reservoir evaluations. Prior to that, Denson served as the Bolivian Country Manager and Chairman of Chaco, S.A. for the Amoco Corporation. He formed this new exploration and production company after the successful acquisition of the Bolivian national oil company. Previously, Denson held various positions with Amoco, including Vice President and Assistant Country Manager of Amoco Egypt Business Unit, Regional Engineering Manager, Acquisition Manager, Division Engineering Manager and Division Operations Manager.
Al Denson earned his B.S. and M.S. in Petroleum Engineering from Mississippi State University, and is a member of SPE.
Jeffrey Barndt, President of R2R said, "I am certain that Al's experience in reservoir engineering and oil and gas asset valuation, as well as his insight and energy to exploit leading edge technology, will make a significant impact on R2R. With Al, R2R will continue to capitalize on the proprietary geomechanics technology developed at Stanford University by Dr. Mark Zoback, who will be advising the company on a regular basis."
About R2R Technologies
R2R is a startup oil and gas production company focused on unconventional reservoirs, such as fractured shale and tight gas sandstones within the lower 48 states. The company intends to capitalize on a unique competitive advantage based upon its in-depth understanding and access to proprietary geomechanics technology. The management team is comprised of individuals with diverse backgrounds in engineering, finance and operations in the oil and gas industry.