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1561-1580 of 1924
muifan ( Date: 01-Oct-2013 10:24) Posted:
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maybe 89 barrels a day is not sufficient to justify the investment
and operating costs ?
seesaw ( Date: 01-Oct-2013 10:21) Posted:
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jeep 0.435 strong support. was surprise reverse down. found oil yesterday.
muifan ( Date: 01-Oct-2013 10:16) Posted:
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any reasons why this counter kana pressed down?
looks very tempting to jeep leh
novice_trader ( Date: 23-Sep-2013 22:29) Posted:
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Interra Resources Limited (the " Company" or " Interra" ) wishes to inform shareholders that its jointly controlled entity, Goldpetrol Joint Operating Company Inc. (" Goldpetrol" ), has completed development well YNG 3259 in the Yenangyaung oil field in Myanmar as an oil producer.
Interra has a 60% interest in the Improved Petroleum Recovery Contract of the Yenangyaung field and also owns 60% of Goldpetrol which is the operator of the field. Since the well was drilled using Goldpetrol?s ZJ 450 rig, costs were comparatively low. Interra?s share of the cost of drilling was funded from existing funds on hand.
YNG 3259 was drilled as an up-dip offset to YNG 3255 which was completed as an oil producer in July 2013, with the primary objective of accelerating production from the oil-bearing reservoirs in this fault block. Following four days of production testing, YNG 3259 has been completed at 85 barrels of oil per day through casing perforations over 45 feet in six reservoirs.
YNG 3259 marks the seventeenth well to be completed as oil producer in Myanmar in 2013.
PROPOSED ACQUISITION OF BENAKAT BARAT KSO - CORRIGENDA
http://infopub.sgx.com/FileOpen/Proposed_Acquisition_of_Benakat_Barat_KSO-Corrigenda.ashx?App=Announcement& FileID=257196
MYANMAR DRILLING UPDATE:
Interra Resources Limited (the "
Interra has a 60% interest in the Improved Petroleum Recovery Contract of the Yenangyaung field and also owns 60% of Goldpetrol which is the operator of the field. Due to a drilling depth that exceeds Goldpetrol?s own two drilling rig capacities, YNG 3257 was drilled using an externally contracted Sinopec Service XJ 750 rig. Several deeper and more difficult wells are scheduled to be drilled in the Myanmar fields employing this rig. Interra?s share of the cost of drilling was funded from existing funds on hand.
YNG 3257 was drilled to a total depth of 5,352 feet in the producing Nyaung Do fault block located in southern Yenangyaung field. The primary objective of YNG 3257 was to establish oil production in this area of the fault block from reservoirs as determined from electric logs analysis in offset YNG 3142, which was drilled in December 1979 but was shut-in before production was established. Following four days of production testing, YNG 3257 has been completed at an average 70 barrels of oil per day through casing perforations over 38 feet in two reservoirs.
YNG 3257 marks the sixteenth well to be completed as oil producer in Myanmar in 2013.
By Order of the Board of Directors of
INTERRA RESOURCES LIMITED
Marcel Tjia
Chief Executive Officer Company" or " Interra" ) wishes to inform shareholders that its jointly controlled entity, Goldpetrol Joint Operating Company Inc. (" Goldpetrol" ), has completed infill development well YNG 3257 in the Yenangyaung oil field in Myanmar as an oil producer.
YENANGYAUNG DEVELOPMENT WELL YNG 3257
COMPLETED AS AN OIL PRODUCER
Daiwa has an unrated report on sector. House recently visited Interra Resources for an insight to its oil and gas business. The co has five upstream assets, of which four produce oil: two in Indonesia, and two in Myanmar. Interra appeared very happy with its recent US$78.5m acquisition, as the Benakat oil field lies adjacent to its own Tanjung Miring Timur (TMT) field and produces from the same geologic structures and formations as its own TMT field. Thus, the acquisition represents a good strategic fit for its asset portfolio, in the company?s view. Interra stated that post the Benakat acquisition, it remains open to other acquisitions.
The co stated that given the headwinds faced by the Indonesian economy, opportunistic M& A targets could surface. Regarding Myanmar, it said that in the recent round of tenders, there were too many companies competing for acreage and thus the country is a low priority on the M& A front at present. The stock is currently trading at a 2013E P/E of 29.1x based on Bloomberg consensus EPS forecast. Based on the company?s 2P reserves of 23.3mmboe as at end-2012, Interra currently trades at an EV/boe of US$7.07/boe, compared to its Asia- Pacific upstream peers? average of US$19.20/boe. Buy...?
Out oredi!
Lucky I managed to make small small money!!!
Cheers !!!
NoMoney ( Date: 17-Sep-2013 07:19) Posted:
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GorgeousOng ( Date: 17-Sep-2013 07:27) Posted:
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I am crying now !!!!
😪 😥 😪 😥 😖
NoMoney ( Date: 17-Sep-2013 07:19) Posted:
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GorgeousOng ( Date: 17-Sep-2013 06:51) Posted:
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This time I jialat lia!!!!
First time play this counter! After read this thread...it looks like not so juices....I hope I will bring luck to this counter!!!! LOL
🙈 🙉 🙊 🙊 🙉 🙈
Cheers!
Huat Arh!!!