Interra Resource    Last:0.036   -

Interra- cheapest oil stock

If the KP drilling results confirms substantial hydrocarbon, there is a good possibility of China Zhenhua Oil making a bid for Interra Resources. It all hinges on the KP drilling project now.

superstartup      ( Date: 11-Nov-2019 15:47) Posted: Observed someone slowly accumulating shares. Nice. Lai lai. Trading halt.

 

Observed someone slowly accumulating shares.

Nice.

Lai lai. Trading halt.

 

Cool

mustang      ( Date: 11-Nov-2019 14:42) Posted: I luv anything that make the price spike back to 30+c. superstartup      ( Date: 11-Nov-2019 14:24) Posted: I prefer trading halt. lai la

 

I luv anything that make the price spike back to 30+c.

superstartup      ( Date: 11-Nov-2019 14:24) Posted: I prefer trading halt. lai lai superstartup      ( Date: 11-Nov-2019 14:23) Posted: wow liao. u guys really like waves leh. might as well. then we can head back up 95 based on waves.

 

I prefer trading halt.

lai lai

superstartup      ( Date: 11-Nov-2019 14:23) Posted: wow liao. u guys really like waves leh. might as well. then we can head back up 95 based on waves.

 

wow liao. u guys really like waves leh.

might as well.

then we can head back up 95 based on waves.

 

Noted with deep appreciation. Thank you for the advice.

SgYuan      ( Date: 11-Nov-2019 12:21) Posted: It is a guide base on day chart ew flow just remember ew flow can also break pls execise with caution mustang      ( Date: 11-Nov-2019 12:15) Posted: wow tgt 95. Thank you SgYuan

 

It is a guide base on day chart ew flow
just remember ew flow can also break
pls execise with caution

mustang      ( Date: 11-Nov-2019 12:15) Posted: wow tgt 95. Thank you SgYuan. superstartup      ( Date: 11-Nov-2019 11:33) Posted: wow. so 95 in sight

 

wow tgt 95. Thank you SgYuan.

superstartup      ( Date: 11-Nov-2019 11:33) Posted: wow. so 95 in sight. SgYuan      ( Date: 11-Nov-2019 11:24) Posted: w3 continue power up next tgt 261.8% delta 34 tgt 65 - px hit 71 delta 41 up 315% next tgt 361.8% delta 47 tgt 76 - watch uturn w4 18 tgt 58 dn typ 38.2% - may not correct so much w5 37 tgt 95 up 61.8% of 60

 

wow. so 95 in sight.

SgYuan      ( Date: 11-Nov-2019 11:24) Posted: w3 continue power up next tgt 261.8% delta 34 tgt 65 - px hit 71 delta 41 up 315% next tgt 361.8% delta 47 tgt 76 - watch uturn w4 18 tgt 58 dn typ 38.2% - may not correct so much w5 37 tgt 95 up 61.8% of 60 SgYuan      ( Date: 11-Nov-2019 07:54) Posted: day chart ew break up - px has punch thr day cloud 32 - correct and break up 32 ew 24 37 31 ? w1 13 w2 6 dn 46% w3 21 tgt 51 up 161.8% of w1 13 - px hit 49 now - if w3 powerful it should continue up - once uturn w4 start w4 8 tgt 42 dn 38.2% of w3 delta 21 - depend on w3 delta and correction may not be so much - px cannot correct more then w1 37 break dn w5 13 tgt 55

 

w3 continue power up
next tgt 261.8% delta 34 tgt 65
- px hit 71 delta 41 up 315%
next tgt 361.8% delta 47 tgt 76
- watch uturn

w4 18 tgt 58 dn typ 38.2%
- may not correct so much

w5 37 tgt 95 up 61.8% of 60

SgYuan      ( Date: 11-Nov-2019 07:54) Posted: day chart ew break up - px has punch thr day cloud 32 - correct and break up 32 ew 24 37 31 ? w1 13 w2 6 dn 46% w3 21 tgt 51 up 161.8% of w1 13 - px hit 49 now - if w3 powerful it should continue up - once uturn w4 start w4 8 tgt 42 dn 38.2% of w3 delta 21 - depend on w3 delta and correction may not be so much - px cannot correct more then w1 37 break dn w5 13 tgt 55

 

So quiet here despite spike in trading volume and price.
Also good.
Then not people here buying.

 

Please do your own Due Diligence.

superstartup      ( Date: 11-Nov-2019 10:19) Posted: I think he and the company bought into Interra for the Central Kalimantan Block. Interra held onto this block since around 2011 or so, and it is only after China Zhenhua invested in Interra that we start to see activities (pre-exploration) on this block + Interra' s financials start to turn positive. Trading halt + positive news from the KP-1 well, please. " The unrisked prospective resources for the entire Block estimated as at 1 January 2019 by ERC Equipoise Pte Ltd are: low case of  67 million stock tanks barrels, best case of 305 mmstb and high case of 1,288 mmstb. If the drilling results of KP-1 are commercially successful, then these prospective resources may be upgraded and reclassified as reserves." mustang      ( Date: 11-Nov-2019 10:10) Posted: And he bot in the open market for himself. What message does it covey??

 

I think he and the company bought into Interra for the Central Kalimantan Block.
Interra held onto this block since around 2011 or so, and it is only after China Zhenhua invested in Interra that we start to see activities (pre-exploration) on this block + Interra' s financials start to turn positive.

Trading halt + positive news from the KP-1 well, please.


" The unrisked prospective resources for the entire Block estimated as at 1 January 2019 by ERC Equipoise Pte Ltd are: low case of  67 million stock tanks barrels, best case of 305 mmstb and high case of 1,288 mmstb. If the drilling results of KP-1 are commercially successful, then these prospective resources may be upgraded and reclassified as reserves."

mustang      ( Date: 11-Nov-2019 10:10) Posted: And he bot in the open market for himself. What message does it covey??? superstartup      ( Date: 11-Nov-2019 09:40) Posted: This guy' s company, China Zhenhua is currently a substantial shareholder of the company. They bought 80m in Interra in early 2018 @ 0.059 per share. Below for information. 15 December 2017 PROPOSED PLACEMENT OF 79,526,847 NEW ORDINARY SHARES IN THE CAPITAL OF INTERRA RESOURCES LIMITED (&ldquo THE PLACEMENT&rdquo ) A. INTRODUCTION 1. The Board of Directors of Interra Resources Limited (the &ldquo Company&rdquo ) wishes to announce that that the Company has entered into a conditional subscription agreement dated 15 December 2017 (the &ldquo SA&rdquo ) with North Petroleum International Company Limited (the &ldquo Placee&rdquo ) for the subscription of an aggregate 79,526,847 new ordinary and fully paid-up shares in the capital of the Company (&ldquo Subscription Shares&rdquo ) by way of a private placement at an issue price of S$0.059 per Subscription Share (&ldquo Subscription Price&rdquo ). B. INFORMATION ON THE PLACEE 2. The Placee is a wholly-owned subsidiary of China ZhenHua Oil Co., Ltd (&ldquo ZhenHua Oil&rdquo ) and owns 40% of Goldpetrol Joint Operating Company Inc. (&ldquo GJOC&rdquo ), the operator of the Company&rsquo s Chauk and Yenangyaung fields in Myanmar. ZhenHua Oil is a Chinese state-owned enterprise specialising in oil and gas exploration and production, oil industry investment, international oil trading, refining and storage and transportation of crude oil and oil products. Other than Myanmar, ZhenHua Oil operates oil fields in Iraq, Egypt, Kazakhstan and Pakistan. 3. The Placement aims to strengthen the existing strategic partnership between the Company and ZhenHua Oil that began in 2011 when ZhenHua Oil acquired a 40% interest in GJOC. The Placement also validates the confidence that both partners have in the development of GJOC&rsquo s fields in Myanmar. Furthermore, the deepening relationship will allow the Company to leverage on the strengths and resources of ZhenHua Oil and to explore further co-operation opportunities. 4. Upon completion of the Placement, the Placee will become a substantial shareholder of the Company, holding approximately 13.57% of the enlarged issued share capital of the Company, and will nominate a representative to be appointed to the Board of Directors of the Company. https://links.sgx.com/FileOpen/Proposed%20Placement%20to%20ZHO%20final.ashx?App=Announcement& FileID=482110

 

I exited IR counter at 0.495 in Jun 2013....never looked back until today when someone asked SY for his EW on the stock...really shocked at its current value...

 

And he bot in the open market for himself. What message does it covey???

superstartup      ( Date: 11-Nov-2019 09:40) Posted: This guy' s company, China Zhenhua is currently a substantial shareholder of the company. They bought 80m in Interra in early 2018 @ 0.059 per share. Below for information. 15 December 2017 PROPOSED PLACEMENT OF 79,526,847 NEW ORDINARY SHARES IN THE CAPITAL OF INTERRA RESOURCES LIMITED (&ldquo THE PLACEMENT&rdquo ) A. INTRODUCTION 1. The Board of Directors of Interra Resources Limited (the &ldquo Company&rdquo ) wishes to announce that that the Company has entered into a conditional subscription agreement dated 15 December 2017 (the &ldquo SA&rdquo ) with North Petroleum International Company Limited (the &ldquo Placee&rdquo ) for the subscription of an aggregate 79,526,847 new ordinary and fully paid-up shares in the capital of the Company (&ldquo Subscription Shares&rdquo ) by way of a private placement at an issue price of S$0.059 per Subscription Share (&ldquo Subscription Price&rdquo ). B. INFORMATION ON THE PLACEE 2. The Placee is a wholly-owned subsidiary of China ZhenHua Oil Co., Ltd (&ldquo ZhenHua Oil&rdquo ) and owns 40% of Goldpetrol Joint Operating Company Inc. (&ldquo GJOC&rdquo ), the operator of the Company&rsquo s Chauk and Yenangyaung fields in Myanmar. ZhenHua Oil is a Chinese state-owned enterprise specialising in oil and gas exploration and production, oil industry investment, international oil trading, refining and storage and transportation of crude oil and oil products. Other than Myanmar, ZhenHua Oil operates oil fields in Iraq, Egypt, Kazakhstan and Pakistan. 3. The Placement aims to strengthen the existing strategic partnership between the Company and ZhenHua Oil that began in 2011 when ZhenHua Oil acquired a 40% interest in GJOC. The Placement also validates the confidence that both partners have in the development of GJOC&rsquo s fields in Myanmar. Furthermore, the deepening relationship will allow the Company to leverage on the strengths and resources of ZhenHua Oil and to explore further co-operation opportunities. 4. Upon completion of the Placement, the Placee will become a substantial shareholder of the Company, holding approximately 13.57% of the enlarged issued share capital of the Company, and will nominate a representative to be appointed to the Board of Directors of the Company. https://links.sgx.com/FileOpen/Proposed%20Placement%20to%20ZHO%20final.ashx?App=Announcement& FileID=482110   mustang      ( Date: 10-Nov-2019 19:14) Posted: I tot it was interesting that a Non Exec Director of the Coy bot 3.78M shares from the open market on 22 Aug 2019. This Director is no stranger to the O& G Industry.....  Mr Yin Lifeng is a Non-Executive Director of the Company. He was first appointed to the board on 13 March 2018 and was elected on 27 April 2018.  Mr Yin is the Vice President of China ZhenHua Oil Co., Ltd since 2015, and is in charge of its business strategy, planning, investment and finance.

 

This guy' s company, China Zhenhua is currently a substantial shareholder of the company.
They bought 80m in Interra in early 2018 @ 0.059 per share.
Below for information.

15 December 2017
PROPOSED PLACEMENT OF 79,526,847 NEW ORDINARY SHARES IN THE CAPITAL OF INTERRA RESOURCES LIMITED (&ldquo THE PLACEMENT&rdquo ) A. INTRODUCTION 1. The Board of Directors of Interra Resources Limited (the &ldquo Company&rdquo ) wishes to announce that that the Company has entered into a conditional subscription agreement dated 15 December 2017 (the &ldquo SA&rdquo ) with North Petroleum International Company Limited (the &ldquo Placee&rdquo ) for the subscription of an aggregate 79,526,847 new ordinary and fully paid-up shares in the capital of the Company (&ldquo Subscription Shares&rdquo ) by way of a private placement at an issue price of S$0.059 per Subscription Share (&ldquo Subscription Price&rdquo ). B. INFORMATION ON THE PLACEE 2. The Placee is a wholly-owned subsidiary of China ZhenHua Oil Co., Ltd (&ldquo ZhenHua Oil&rdquo ) and owns 40% of Goldpetrol Joint Operating Company Inc. (&ldquo GJOC&rdquo ), the operator of the Company&rsquo s Chauk and Yenangyaung fields in Myanmar. ZhenHua Oil is a Chinese state-owned enterprise specialising in oil and gas exploration and production, oil industry investment, international oil trading, refining and storage and transportation of crude oil and oil products. Other than Myanmar, ZhenHua Oil operates oil fields in Iraq, Egypt, Kazakhstan and Pakistan. 3. The Placement aims to strengthen the existing strategic partnership between the Company and ZhenHua Oil that began in 2011 when ZhenHua Oil acquired a 40% interest in GJOC. The Placement also validates the confidence that both partners have in the development of GJOC&rsquo s fields in Myanmar. Furthermore, the deepening relationship will allow the Company to leverage on the strengths and resources of ZhenHua Oil and to explore further co-operation opportunities. 4. Upon completion of the Placement, the Placee will become a substantial shareholder of the Company, holding approximately 13.57% of the enlarged issued share capital of the Company, and will nominate a representative to be appointed to the Board of Directors of the Company.

https://links.sgx.com/FileOpen/Proposed%20Placement%20to%20ZHO%20final.ashx?App=Announcement& FileID=482110

 

mustang      ( Date: 10-Nov-2019 19:14) Posted: I tot it was interesting that a Non Exec Director of the Coy bot 3.78M shares from the open market on 22 Aug 2019. This Director is no stranger to the O& G Industry.....  Mr Yin Lifeng is a Non-Executive Director of the Company. He was first appointed to the board on 13 March 2018 and was elected on 27 April 2018.  Mr Yin is the Vice President of China ZhenHua Oil Co., Ltd since 2015, and is in charge of its business strategy, planning, investment and finance.  superstartup      ( Date: 10-Nov-2019 12:17) Posted: My bad. You should be right. Interra releasing the drilling results over the next 2 weeks (drilling expected over 26 working days). " The unrisked prospective resources for the entire Block estimated as at 1 January 2019 by ERC Equipoise Pte Ltd are: low case of 67 million stock tanks barrels, best case of 305 mmstb and high case of 1,288 mmstb. If the drilling results of KP-1 are commercially successful, then these prospective resources may be upgraded and reclassified as reserves." Interra currently producing over 850 BOPD. Cash on hand over US$7m. No long term debt. Cashflow positive. Profitable. If the current drilling, KP-1 well result is positive, OMG, Interra gonna be wild as I think more people will get to know Interra more in depth. (Btw, we both into Alpha early. Now we both into Interra early too. Nice.)

 

Looks like someone purposely boxed up the price.
Collecting shares?

 

superstartup      ( Date: 11-Nov-2019 09:16) Posted: Waiting for trading halt. " The unrisked prospective resources for the entire Block estimated as at 1 January 2019 by ERC Equipoise Pte Ltd are: low case of  67 million stock tanks barrels, best case of 305 mmstb and high case of 1,288 mmstb. If the drilling results of KP-1 are commercially successful, then these prospective resources may be upgraded and reclassified as reserves."

 

Waiting for trading halt.

" The unrisked prospective resources for the entire Block estimated as at 1 January 2019 by ERC Equipoise Pte Ltd are: low case of  67 million stock tanks barrels, best case of 305 mmstb and high case of 1,288 mmstb. If the drilling results of KP-1 are commercially successful, then these prospective resources may be upgraded and reclassified as reserves."

 

SgYuan, thank you for your response and kind assistance. 

SgYuan      ( Date: 11-Nov-2019 07:54) Posted: day chart ew break up - px has punch thr day cloud 32 - correct and break up 32 ew 24 37 31 ? w1 13 w2 6 dn 46% w3 21 tgt 51 up 161.8% of w1 13 - px hit 49 now - if w3 powerful it should continue up - once uturn w4 start w4 8 tgt 42 dn 38.2% of w3 delta 21 - depend on w3 delta and correction may not be so much - px cannot correct more then w1 37 break dn w5 13 tgt 55