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Quaterra Trades Slightly Above Year Low; Reports Exploration Plans for 2012

Quaterra Resources Inc. (QTA.V) is now 3% off yesterday's 64 cents close at 62 cents, trading just 2 cents above year low, amid a broad selloff on European Union deal doubts.

The company today provided an update on its exploration activities planned for 2012 and on work done during 2011 on its portfolio of North American base and precious metals projects.

Quaterra President and CEO Thomas Patton said: "We believe our best strategy for 2012 is to concentrate on consolidating and moving our assets in the world-class Yerington copper district forward as fast as we can while paying close attention to the details associated with developing the properties."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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