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1381-1400 of 1924
I shifted Alpha profits to here.
These days prefer play safe.
No $ made is ok, but don' t want lose $
Comparative basis, I think Interra now a safer bet.
Profitable. Cashflow positive. No long term debt. Cash and cash equivalents were US$7.28 million as at 30 June 2019
Besides the current on-going drilling for the KP-1 well, I am equally impressed with the CHK 1217 well, producing 90 BOPD. They looking to drill more wells over here, using own rig.
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26 March 2019 MYANMAR DRILLING UPDATE: CHAUK DEVELOPMENT WELL CHK 1217 COMPLETED AS OIL PRODUCER Interra Resources Limited (&ldquo Interra&rdquo ) wishes to inform shareholders that its joint venture entity, Goldpetrol Joint Operating Company Inc. (&ldquo Goldpetrol&rdquo ), has completed development well CHK 1217 in the Chauk oil field in Myanmar as an oil producer. Interra has a 60% interest in the Improved Petroleum Recovery Contract of the Chauk field and also owns 60% of Goldpetrol which is the operator of the field. CHK 1217 was drilled using Goldpetrol&rsquo s ZJ 450 rig, thus drilling costs were relatively low. Interra&rsquo s share of the cost of drilling was funded from existing funds on hand. CHK 1217 was drilled to a total depth of 3,167 feet in the Chauk South Central fault block as a north offset to several oil producers. The primary objective is to accelerate production from oil reservoirs that produce in this fault block. Following production testing, CHK 1217 has been completed through casing perforations over fourteen reservoirs totalling 104 feet for 90 barrels of oil per day. Considering the good results, additional wells may be considered in order to properly produce oil from the reservoirs in the un-drained areas of this fault block. CHK 1217 is the fifth well to be completed as an oil producer in Myanmar in 2019. By Order of the Board of Directors of INTERRA RESOURCES LIMITED Marcel Tjia Chief Executive Officer
superstartup ( Date: 06-Nov-2019 15:46) Posted:
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Hahahhha
Huatsweeswee ( Date: 06-Nov-2019 15:31) Posted:
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Huatsweeswee ( Date: 06-Nov-2019 14:39) Posted:
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nvm. Wait for 5c then halt ba.
superstartup ( Date: 06-Nov-2019 11:01) Posted:
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$ on hand need to be put to good use.
You over 850 BOPD. No long term debt. Profitable. Cashflow positive. Outstanding shares much much lower.
(Ai yo, but still not running.)
If you find oil from Cental Kalimantan, and the unrisked reserves can now be classified as proven reserves, wow, you in much much better shape than Alpha, and even Rex. Provided you find oil.
Trading halt + good news, pls.
Drilling result for KP-1 well should be out anytime now.
Give us a trading halt + good news.
Very large unrisked reserves for Central Kalimantan KP-1 well.
Hit oil, and we have proven reserves. Substantial reserves.
superstartup ( Date: 05-Nov-2019 13:18) Posted:
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SKK Migas Kalsul bersama KKKS PT. Mentari Pambuang Internasional Lakukan Seremonial Tajak Sumur Eksplorasi KP-1
Mon, 07 October 2019 13:47
Sumur eksplorasi KP-1 yang akan di bor KKKS PT. Mentari Pambuang Internasional (MPI) terletak di lokasi Trans Unit 1, RT.009/RW.004, Desa Kartika Bhakti, Kecamatan Seruyan Hilir Timur, Kabupaten Seruyan, Provinsi Kalimantan Tengah.
Pihak-pihak yang hadir dalam kegiatan seremonial mewakili Bupati Seruyan yaitu Camat Seruyan Hilir Timur (Heri Zabua) beserta Kapospol Seruyan Hilir Timur (Aipda Ilham Nasution), Kades Kartika Bhakti (Usni) serta Kepala Puskesmas Seruyan Hilir Timur (Ali Rahman) dan juga para masyarakat Desa Kartika Bhakti, Kecamatan Seruyan Hilir Timur, Kabupaten Seruyan. Sementara dari SKK Migas Kalsul hadir Damar Setyawan, Eko Suryahadi, Radhiah Quraisy serta KKKS MPI (Alfian Harmiyanto) beserta tim.
Dalam sambutan Exploration Manager-MPI (Alfian Harmiyanto) menyampaikan bahwa pemboran sumur eksplorasi KP-1 akan menggunakan Rig Vinct #02 / 550 hp dengan rencana kedalaman sumur 3937 feet / 1200 m yang akan dikerjakan selama 26 hari. Demi keamanan dan keselamatan bersama diharapkan masyarakat tidak mendekat melewati batas keamanan yang telah ditetapkan tim HSE MPI selama kegiatan berlangsung.
SKK Migas Kalsul (Damar Setyawan) dala sambutannya menyampaikan bahwa kegiatan pemboran sumur eksplorasi KP-1 ini merupakan kegiatan milik Negara untuk membuktikan ada tidaknya kandungan migas di bawah permukaan tanah pada lokasi ini. SKK Migas bertugas melaksanakan pengawasan dan pengendalian terhadap pelaksanaan kegiatan usaha hulu migas yang meliputi kegiatan eksplorasi dan eksploitasi migas. MPI bertindak sebagai kontraktor Pemerintah yang ditunjuk melalui Kontrak Kerja Sama untuk melakukan kegiatan hulu migas di WK Kuala Pambuang. Mengingat kegiatan milik Negara maka diharapkan dukungan dari Pemda dan seluruh masyarakat sekitar untuk bersama mengamankan pelaksanaan kegiatan ini. Apabila ada permasalahan maka masyarakat dapat menyampaikan kepada pihak Pemerintah Daerah atau kepada koordinator yang bertanggungjawab di lapangan dan tidak menghentikan jalannya operasi pemboran.
Mewakili Bupati Seruyan, Camat Seruyan Hilir Timur (Heri Zabua) menyampaikan bahwa Pemerintah Daerah beserta jajarannya sangat mendukung terlaksananya kegiatan ini dan menghimbau kepada masyarakat untuk mematuhi aturan keselamatan yang telah ditentukan. Bila ada masalah juga dapat disampaikan langsung kepada Pemerintah Kecamatan untuk dicarikan solusinya bersama pihak perusahaan.
Kegiatan ditutup dengan pembacaan doa dan peninjauan bersama di dalam lokasi pemboran sumur eksplorasi migas KP-1.
https://www.skkmigas.go.id/berita/skk-migas-kalsul-bersama-kkks-pt-mentari-pambuang-internasional-lakukan-seremonial-tajak-sumur-eksplorasi-kp-1