Aster Acquisition Corp C.ATR

Panterra Energy Corp. Ltd Deal wrapped up

[NineLives]

Should be over $1 by summer if oil stays high, this latest deal is pushing them closer to 400 BPD// An excerpt from the latest release: Anterra Corp (TSX-V:ATR) Shares Issued 23,865,000 Last Close 3/15/2006 $0.54 Thursday March 16 2006 - News Release Mr. Owen Pinnell reports ANTERRA ANNOUNCES CLOSING OF ACQUISITION AND 2005 RESERVES Anterra Corp. has successfully closed its previously announced acquisition of all of the outstanding shares of Panterra Energy Corp. Ltd. for $1.25-million in cash. To assist in financing the transaction, Anterra has increased its secured facility with a Canadian bank from $3-million to $4.5-million. An independent reserves evaluation for Panterra, effective March 1, 2006, was prepared by Reliance Engineering Group Ltd. in accordance with National Instrument 51-101. The corporation is also pleased to provide a separate independent reserve evaluation for the company for the year ended Dec. 31, 2005, as prepared by Martin and Brussett Associates (MBA) in accordance with National Instrument 51-101. The transaction The transaction will expand the company's southeast Alberta core area into Matziwin, 30 miles north of the city of Brooks, and add 30 barrels of oil equivalent per day of current oil production. The company now owns a 100-per-cent working interest in the Matziwin Pekisko oil pool and has identified three recompletion opportunities and two drilling locations on the property. The transaction is accretive to Anterra on a reserves, production, cash flow and net asset value per share basis, and the company expects to achieve a number of key financial, operating and strategic benefits, including: the acquisition is highly accretive to the cash flow per share and production per share of Anterra. The current production from Matziwin is 30 barrels of oil equivalent per day, with a further 30 barrels of oil equivalent per day anticipated to come on stream by the end of April following two scheduled recompletions. New wells and further recompletions offer the opportunity to add further reserves and production, and the 2006 year-end exit production forecast for the acquired property is 150 barrels of oil equivalent per day;