Trend Innovations Holding Inc (TREN)

Description:

Torrent Energy Corp was formed by the merger of Scarab Systems, Inc., a Nevada corporation, with iRV, Inc., a Colorado corporation, on July 17, 2002. The Company was initially involved in the business of providing services to the e-commerce industry. Currently, it is an exploration stage company engaged in the exploration for coalbed methane in the Coos Bay region of Oregon and in the Chehalis Basin region of Washington State. Through one of its wholly-owned subsidiaries, Methane Energy Corp., the Company holds lease to approximately 116,000 acres of prospective coalbed methane lands in the Coos Bay Basin. Methane Energy Corp. operates the exploration project in the Coos Bay Basin. Through its other wholly-owned subsidiary, Cascadia Energy Corp., Torrent Energy is evaluating 100,000 acres under a private lease option agreement and 14,964 acres under state leases and 15,280 acres of mineral rights interests under a private lease option agreement with Pope Resources LP in Washington State to define an exploratory program for possible hydrocarbon deposits. Coalbed methane in the United States is produced by several major exploration and production companies and by numerous independents. The majors include BP American and ConocoPhillips in the San Juan Basion and, to a lesser extent, Chevron USA in the Black Warrior Basin. The Company's oil and gas operations are subject to various United States federal, state and local governmental regulations. Matters subject to regulation include drilling and discharge permits for drilling operations, drilling and abandonment bonds, reports concerning operations, the spacing of wells, pooling of properties and taxation. The Company's business plan is focused on a strategy for maximizing the long-term exploration and development of its drilling and exploration projects in the Pacific Northwest region. As at June 29, 2006, Torrent Energy had ten non-union, full time employees, two of which are executives.