Interra Resource    Last:0.036   -

Interra- cheapest oil stock

No news. Only saw the recent result. Net profit 9m from previous year 2m. Seems like a cheap counter? Musical chair soon. Huat zai bb

eric998      ( Date: 04-May-2023 15:50) Posted: Don?t anyhow buy, what?s the news?

 

Don?t anyhow buy, what?s the news?

 

Power up soon? Dyodd. Penny play

 

Activity today.

 

Latest qpr shows kp 1 has 70 times proven resources compared to current myanmar production but only 15% probability of extraction. Number play only it seems.

 

KP 1 field in Indonesia is extended for another 6 months only. If Interra can submit a report on the viability of oil production there within the 6 months period, maybe got chance for further extension.
Anyway, I find that investment in such company is highly risky but if it can make it, the return can be hugh. Dyodd.

Patkeane      ( Date: 21-Feb-2023 12:37) Posted: I think their previous annocument on 2019 already projected there is oil at indonesia ..... dun understand what is the delay for them to extend the exploration for another 5 years , if extended another 5 years will have big impact on the shares price as it has already have testing there is oil there .... btw what is " red tape " ? well will have to see further annocument ... and see any positive out come

 

I think their previous annocument on 2019 already projected there is oil at indonesia ..... dun understand what is the delay for them to extend the exploration for another 5 years , if extended another 5 years will have big impact on the shares price as it has already have testing there is oil there .... btw what is " red tape " ? well will have to see further annocument ... and see any positive out come

 

Maybe no oil or face difficulty in commencement of works due to ( red tape) in Indonesia. Myanmar side oil fields, some are producing oil. One of the major shareholders is a China owned company.

Patkeane      ( Date: 21-Feb-2023 10:31) Posted: after reading the extension of indonesia kuala pambuang block news , i still have no ideal whether is a positive news or negative one

 

after reading the extension of indonesia kuala pambuang block news , i still have no ideal whether is a positive news or negative one 

 

INDONESIA EXPLORATION PROJECT UPDATE: EXTENSION OF EXPLORATION PERIOD OF KUALA PAMBUANG BLOCK

https://links.sgx.com/1.0.0/corporate-announcements/LA3XPZDT5RIWMPZ0/daf41cc6b2600d16be3167a970e7f1bebd85a3eb714637ca44c5a80064ed671b

 

MYANMAR DRILLING UPDATE: CHAUK DEVELOPMENT WELL CHK 1237 COMPLETED AS OIL PRODUCER
https://links.sgx.com/1.0.0/corporate-announcements/WA46FCKCK2XIEOYA/0ed5da09ed89e950027085942d166a2bbefdc2be74657460ea335a6efdd2ad61

 

Next shall be for the company and its share holders to  make an average daily market capitalisation of S$40 million or more over the mext 6 months. haha

 

Extension granted!
https://links.sgx.com/1.0.0/corporate-announcements/9ZCX2L2VXF3XT5WR/0bc2995a668fb39fa5dbcea4181e103548bd5de4770dd883aed6f830ede021c4

checkmate      ( Date: 02-Dec-2022 11:47) Posted: This next month will be critical. I checked the watchlist and Interra already holds the record for longest extension granted from SGX. Past delisting announcements are usually done within 1 month of expiry of cure period. On the other hand, the results for Interra for the past 1.5 years are going through the roof. Based on latest results, PE is only 1.6, half of its peers. On top of that, it' s debt free. So in this case, it' s really at the mercy of SGX.

 

Presently the major shareholder, PT Saratoga Investama Sedaya Tbk, holds 10.8%. It is a listed firm in Jakarta at USD$2.4B, co founder is Edwin Soeryadjaya, who is also the chairman of Interra resources.

As of 1H2022, NAV stood at about S$0.07 per share. 1H earning of USD$4.9m which is about S$6.6m based on 1.35 exchange rate, earning mainly derived from Myanmar. Indonesia is under going testing.

In 7th sept announcement , there are potential buyer who expressed interest in their Indonesia?s asset.

 

This next month will be critical. I checked the watchlist and Interra already holds the record for longest extension granted from SGX.
Past delisting announcements are usually done within 1 month of expiry of cure period.

On the other hand, the results for Interra for the past 1.5 years are going through the roof.
Based on latest results, PE is only 1.6, half of its peers. On top of that, it' s debt free.

So in this case, it' s really at the mercy of SGX.

 

They are on same narrative as previous year when they post their announcement that they are extending their wl status. I accumulate too early le.

 

Closed 0.026! Trading at about $17m.... wonder is it got to do with the application for extension of time to meet requirement for removal to exit watch list...

Tirordinary      ( Date: 18-Nov-2022 16:59) Posted: Drop further. Wonder how long more before the bottom is reached.

 

Drop further. Wonder how long more before the bottom is reached.

 

Another unloved oil producer. Trading at market cap of about S$26m, 1H result of S$6.5m mainly from Myanmar operation.

Indonesia operation in progress after 2020 work halted.

For Kuala Pambuang PSC, the exploration well KP-1 was completed in FY 2019 after reaching a total depth of 3,771 feet. The drilling and testing results were positive, and casing was successfully installed and cemented on Dec 2019. Production testing was planned to be performed in early FY 2020. However, due to the current pandemic, it has been delayed to the second half of FY 2021. Further analysis of all technical data is ongoing and will be incorporated into well completion plans as well as the overall sub- surface interpretation of the Exploration Block. The Company will announce any noteworthy results of data analysis and expected perforation testing. No significant contribution is expected from this field in the near term.

 

To me, seems like distribution is going on here...