TGC

Terra Nova Energy Ltd. (TSX VENTURE: TGC) ("Terra Nova" or the "Corporation") is
pleased to announce the launch of its new website www.tneoz.com. The website
includes up-to-date pertinent information on the Corporation and features
photography of its field acquisition of 3D seismic on Petroleum Exploration
License (PEL) 112.


Terra Nova is also pleased to announce the successful completion of 127km(2) of
a 3D seismic survey shot on PEL 112 situated in the Cooper Eromanga Basin in
South Australia. The 3D seismic program was executed by the Australian
operations group of Geokinetics Inc., Terra Nova's geophysical contractor. The
data is of excellent quality and represents a vast improvement (in subsurface
imaging) over the historical 2D seismic data in PEL 112. Terra Nova has
commenced the data processing and, once complete, will conduct an interpretation
of PEL 112 which is expected to be completed in December 2012.


Terra Nova is also engaged in modeling a 150km(2) 3D seismic survey for PEL 444,
also situated in the Cooper Eromanga Basin to the north of PEL 112. Once the
program has been modeled and the geophysical contractor selected, Terra Nova
will apply for a license to shoot a 3D seismic program on PEL 444.


Upon interpretation of results from 3D seismic programs shot on PELs 112 and
444, Terra Nova anticipates it will be in a position to commence drilling in
2013, subject to rig availability.


Forward-looking information

This news release contains forward-looking information relating to the
Corporation's intentions to conduct the seismic program and subsequent drilling
programs and other statements that are not historical facts. Such
forward-looking information is subject to important risks, and uncertainties
that could cause actual results to differ materially from what is currently
expected, for example: risks related to oil and gas exploration, development,
exploitation, production, marketing and transportation, loss of markets,
volatility of commodity prices, currency fluctuations, competition from other
producers, inability to retain drilling rigs and other services, reliance on key
personnel, and insurance risks. In making such forward-looking statements, the
Corporation has relied upon certain assumptions relating to commodity prices,
the stability of markets and currencies, the availability of capital, and the
Corporation's ability to continue with the seismic and drilling programs.


You should not place undue importance on forward-looking information and should
not rely upon this information as of any other date. While the Corporation may
elect to, the Corporation is under no obligation and does not undertake to
update this information at any particular time, except as required by law.


This news release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of securities in any
state in the United States in which such offer, solicitation or sale would be
unlawful. The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements.


About Terra Nova Energy Ltd.

Terra Nova Energy Ltd. is a Calgary based oil and gas company. Its common shares
trade on the TSX Venture Exchange under the symbol "TGC."


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Terra Nova Energy Ltd. (TSXV:TGC)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Terra Nova Energy Ltd. (TSXV:TGC)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024