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1361-1380 of 1924
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
- 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
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:
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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.)
" 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.)
mustang ( Date: 08-Nov-2019 20:32) Posted:
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Broker' s Calls
Interra at ' key inflexion point' following drilling announcement, says SAC Advisors
Jeffrey Tan 10/10/2019, 11:48am
SINGAPORE (Oct 10): Analysts are optimistic over the prospects of oil explorer and producer Interra Resources, following the company&rsquo s announcement that it will commence drilling at an onshore oilfield south of Central Kalimantan.
Interra has a 67.5% working interest in the Indonesian oilfield known as Kuala Pambuang block (KP) through Mentari Pambuang Internasional, the operator of the 1,631 sq km block.
&ldquo We believe Interra Resources is at a key inflexion point,&rdquo SAC Advisors analyst Terence Chua writes in note dated Oct 8.
&ldquo Firmer oil prices and contract extensions have led to a turnaround in profitability which we have already seen in their last two quarters, and this has already exceeded our FY18 forecast,&rdquo he adds.
On Oct 7, Interra announced that KP will see a vertical well drilled to a planned total depth of about 1,100 metres.
The well, known as KP-1, is expected to intersect oil reserves that were discovered before World War II by a subsidiary of the Royal Dutch Shell, the company said.
Three prospective oil reservoirs were discovered by the Royal Dutch Shell subsidiary, in particular in the shallow clastic sandstone (Warukin formation) and two deeper limestones (upper and lower Berai formation).
According to Interra, the unrisked prospective resources as at Jan 1 for the entire block is estimated at the low case of 67 million stock tanks barrels best case of 305 mmstb and high case of 1,288 mmstb.
&ldquo If the drilling results of KP-1 are commercially successful, then these prospective resources may be upgraded and re-classified as reserves,&rdquo said the company.
&ldquo In addition, resource volumes in other prospective areas that have been identified by seismic will most likely have their classifications upgraded,&rdquo it added.
SAC Advisors has maintained its &ldquo buy&rdquo rating for the stock with target price of 8.9 cents. The TP is based on a conservative target 6.4 times EV/1P reserves, which represents a 50% discount to the industry average.
Shares in Interra last traded at 2.6 cents on Oct 9.
Interra has a 67.5% working interest in the Indonesian oilfield known as Kuala Pambuang block (KP) through Mentari Pambuang Internasional, the operator of the 1,631 sq km block.
The well, known as KP-1, is expected to intersect oil reserves that were discovered before World War II by a subsidiary of the Royal Dutch Shell, the company said.
Three prospective oil reservoirs were discovered by the Royal Dutch Shell subsidiary, in particular in the shallow clastic sandstone (Warukin formation) and two deeper limestones (upper and lower Berai formation).
According to Interra, the unrisked prospective resources as at Jan 1 for the entire block is estimated at the low case of 67 million stock tanks barrels best case of 305 mmstb and high case of 1,288 mmstb.
&ldquo If the drilling results of KP-1 are commercially successful, then these prospective resources may be upgraded and re-classified as reserves,&rdquo said the company.
&ldquo In addition, resource volumes in other prospective areas that have been identified by seismic will most likely have their classifications upgraded,&rdquo it added.
SAC Advisors has maintained its &ldquo buy&rdquo rating for the stock with target price of 8.9 cents. The TP is based on a conservative target 6.4 times EV/1P reserves, which represents a 50% discount to the industry average.
Shares in Interra last traded at 2.6 cents on Oct 9.
I think interra should be releasing the drilling results in the next 2 weeks. The prospective site looks promising, based on the info and analysis done by the Coy. SAC Advisors did an analysis of the Coy and the latest drilling site , and has placed a TP of 8.9 cents. Could this be our next Rex Intl? It all depends on the drilling results. A big positive hit will propel the share price, and it will be a tremendous ride. The recent share price and traded volume seems to suggest something good is cooking. Enjoy the ride next week!!!
superstartup ( Date: 08-Nov-2019 16:45) Posted:
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5c no chance today.
Next week liao.
Next week liao.
superstartup ( Date: 08-Nov-2019 15:30) Posted:
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Really no one interested, only me.
Sob sob.
Interra, come on. Give us a trading halt. Substantial reserves for the Central Kalimantan Block. Positive result from the 1st well pls.
Rex found oil. Alpha found oil. Now your turn !
(Oops, I mean for the Central Kalimantan Block. Though your current production is 850 BOPD)
(please do your own DD)
Sob sob.
Interra, come on. Give us a trading halt. Substantial reserves for the Central Kalimantan Block. Positive result from the 1st well pls.
Rex found oil. Alpha found oil. Now your turn !
(Oops, I mean for the Central Kalimantan Block. Though your current production is 850 BOPD)
(please do your own DD)
5c today?
Then halt?
(please perform your own DD)
Then halt?
(please perform your own DD)
US$7.28m - Can invest, farm-in Alpha Southern Miluveach Unit )
superstartup ( Date: 06-Nov-2019 11:33) Posted:
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Today Fri.
Can halt trading liao . . .
Lai lai.
Can halt trading liao . . .
Lai lai.
superstartup ( Date: 08-Nov-2019 12:07) Posted:
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Still hentak kaki.
superstartup ( Date: 06-Nov-2019 11:01) Posted:
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Looks like I am the only one interested in this Interra Resource.
Lai lai, trading halt leh.
Lai lai, trading halt leh.
It' s ok la. Just wanna a trading halt : )
johnng ( Date: 07-Nov-2019 11:35) Posted:
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this could be next...but volumes too thin
Selling at 40,41,42 keep comng in.
Might as well.
Clear these sellers.
Might as well.
Clear these sellers.
Information only:
From Indonesia government web.
S/No. 39 belongs to Interra Resources (PT. MENTARI PAMBUANG INTERNASIONAL)
[So sad, Kris Energy few exploration sites OFF]
https://migas.esdm.go.id/uploads/daftar-kkks-eksplorasi-konvensional.pdf
Here the Map. M17 - PT. MENTARI PAMBUANG INTERNASIONAL
https://www.pwc.com/id/en/publications/assets/eumpublications/oilandgas/Oil-and-Gas-Map-2018.pdf
From Indonesia government web.
S/No. 39 belongs to Interra Resources (PT. MENTARI PAMBUANG INTERNASIONAL)
[So sad, Kris Energy few exploration sites OFF]
https://migas.esdm.go.id/uploads/daftar-kkks-eksplorasi-konvensional.pdf
Here the Map. M17 - PT. MENTARI PAMBUANG INTERNASIONAL
https://www.pwc.com/id/en/publications/assets/eumpublications/oilandgas/Oil-and-Gas-Map-2018.pdf
Drill so long still no oil found. Sad😢
superstartup ( Date: 06-Nov-2019 16:25) Posted:
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Today no show liao.
Someone keep unloading.
C u tom.
(and hopefully tonight trading halt announcement)
Someone keep unloading.
C u tom.
(and hopefully tonight trading halt announcement)
Huatsweeswee ( Date: 06-Nov-2019 16:29) Posted:
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Same here i bought
superstartup ( Date: 06-Nov-2019 15:46) Posted:
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Took a little position over here for the KP-1 well Central Kalimantan block. (little gambling over here)
Hope they find oil here. The unrisked reserve is very substantial.
Give us a trading halt, pls.
Commencement of drilling in Kuala Pambuang exploration well Interra Resources Limited, and together with its subsidiaries, (&ldquo Interra Resources&rdquo , &ldquo Company&rdquo , or the &ldquo Group&rdquo ) announced the drilling commencement of its first well in the Kuala Pambuang block (&ldquo KP Block&rdquo ) onshore southern Central Kalimantan, Indonesia. Interra has a 67.5% working interest in the KP Block through PT Mentari Pambuang Internasional, the operator of the 1,631 km2 KP Block as well as the drilling of the KP-1 exploration well. Resource volumes in prospective areas see potential upgrade. 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 (&ldquo mmstb&rdquo ), 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.
Hope they find oil here. The unrisked reserve is very substantial.
Give us a trading halt, pls.
Commencement of drilling in Kuala Pambuang exploration well Interra Resources Limited, and together with its subsidiaries, (&ldquo Interra Resources&rdquo , &ldquo Company&rdquo , or the &ldquo Group&rdquo ) announced the drilling commencement of its first well in the Kuala Pambuang block (&ldquo KP Block&rdquo ) onshore southern Central Kalimantan, Indonesia. Interra has a 67.5% working interest in the KP Block through PT Mentari Pambuang Internasional, the operator of the 1,631 km2 KP Block as well as the drilling of the KP-1 exploration well. Resource volumes in prospective areas see potential upgrade. 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 (&ldquo mmstb&rdquo ), 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.