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1621-1640 of 1924
Among the few O & G exploration counters(Ramba,Rex,Kris Engery,ME) this is the only company making $$$.
Maybe BB is suppressing the price to accumulate more.
Siwomp ( Date: 26-Aug-2013 17:33) Posted:
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Just announced another oil producing well... > 100bpd
This one was stuck during 2nd rd buy up many weeks ago.Might exit and switch to other counter.
I see strong support at 46/46.5c.
You still vested?
halleluyah ( Date: 26-Aug-2013 17:26) Posted:
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Octavia ( Date: 26-Aug-2013 17:20) Posted:
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MYANMAR DRILLING UPDATE:
CHAUK DEVELOPMENT WELL CHK 1171
COMPLETED AS AN OIL PRODUCER
Interra Resources Limited (the " Company" or " Interra" ) wishes to inform shareholders that its jointly controlled entity, Goldpetrol Joint Operating Company Inc. (" Goldpetrol" ), has completed drilling development well CHK 1171 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. 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.
CHK 1171 was drilled to a total depth of 3,200 feet as an infill development well to producing oil wells CHK 1166 and CHK 1170, with the primary objective of accelerating production from reservoirs that produce in this fault block.
Following four days of production testing, CHK 1171 has been completed through casing perforations over eleven reservoirs at 125 barrels of oil per day. CHK 1171 is the fourth well to be completed in this fault block in 2013. Several prospective shallower reservoirs will be tested later in this well or by a shallow offset well.
CHK 1171 marks the fourteenth well to be completed as an oil producer in Myanmar in 2013.
By Order of the Board of Directors of
INTERRA RESOURCES LIMITED
Marcel Tjia
Chief Executive Officer
INDONESIA DRILLING UPDATE:
DRILLING COMMENCEMENT OF DEVELOPMENT WELL TMT-56
http://infopub.sgx.com/FileOpen/Indonesia_Drilling_Commencement-TMT-56.ashx?App=Announcement& FileID=253617
is this counter still shine? have been sideway for awhile...
A 58% revenue increase with a 3-fold improvement over last quarter net profit of 1.4 mil.
A healthy result likely to continue into next quarter as the Group's shareable production increased by108%(99,542barrels)to 191,895barrels in Q22013 from 92,353 barrels in Q22012. The increase was mainly due to higher contributions from TMT TAC(owned).
Sista Halleluyah, hope you are vested too.Huat arh!
halleluyah ( Date: 05-Aug-2013 19:31) 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 commenced drilling infill development well YNG 3257 in the Yenangyaung oil field in Myanmar.
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 is being drilled using an externally contracted Sinopec Service XJ 750 rig. Several other, 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 will be funded from existing funds on hand.
YNG 3257 is drilled in the producing Nyaung Do fault block located in southern Yenangyaung field as an infill development well offsetting YNG 3142, which was drilled in December 1979 but shut-in before completion. Electric log analysis clearly shows hydrocarbons in the primary 3700FT reservoir and oil was noted during drilling. YNG 3257 is drilled with the primary objective of establishing oil production in this area of the Nyaung Do fault block. There are at least four additional reservoirs that have oil production potential in this area.
Interra estimates that the results of the drilling and completion should be available in approximately eight weeks. The Company will announce the results as soon as they may be ascertained as well as updates reflecting critical or unexpected events during drilling.
By Order of the Board of Directors of INTERRA RESOURCES LIMITED
Marcel Tjia
Chief Executive Officer
http://infopub.sgx.com/FileOpen/Myan...& FileID=250830
Interra Resources Limited (the “Company” or “Interra”) wishes to inform shareholders that its jointly controlled entity, Goldpetrol Joint Operating Company Inc. (“Goldpetrol”), has commenced drilling development well CHK 1171 in the Chauk oil field in Myanmar.
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 1171 is being drilled using Goldpetrol’s ZJ 450 rig, thus drilling costs are expected to be relatively low. Interra’s share of the cost of drilling will be funded from existing funds on hand.
CHK 1171 will be drilled to a targeted depth of 3,200 feet as an infill development well to producing oil wells CHK 1166 and CHK 1170, with the primary objective to accelerate production from the reservoirs that produce from these two wells as well as other wells in this fault block.
Interra estimates that the results of the drilling and completion should be available in approximately six weeks. The Company will announce the results of the drilling operation as soon as they may be ascertained as well as updates reflecting critical or unexpected events during drilling.
By Order of the Board of Directors of INTERRA RESOURCES LIMITED
Marcel Tjia
Chief Executive Officer
http://infopub.sgx.com/FileOpen/Myan...& FileID=250824
UNAUDITED RESULTS FOR THE QUARTER ENDED 30 JUNE 2013
Highlights in Q2 2013
Net profit after tax for the quarter was US$4.45 million.
Revenue for the quarter was US$13.76 million, 58% higher than the preceding quarter, mainly due to higher sales of shareable production from the Tanjung Miring Timur operation which amounted to US$7.83 million.
Shareable production for the quarter increased to 191,895 barrels from 104,501 barrels in the previous quarter.
Earnings before divestment gain, interest income, exchange difference, finance cost, tax, depreciation, amortisation, allowance and impairment (EBITDA) for the quarter was US$8.60 million.
Net cash outflow for the quarter was US$0.90 million, mainly due to payment of drilling costs in Indonesia.
Cash and cash equivalents (excluding restricted cash) were US$10.35 million as at 30 June 2013.
http://infopub.sgx.com/FileOpen/Unau...& FileID=250821
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 is being drilled using an externally contracted Sinopec Service XJ 750 rig. Several other, 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 will be funded from existing funds on hand.
YNG 3257 is drilled in the producing Nyaung Do fault block located in southern Yenangyaung field as an infill development well offsetting YNG 3142, which was drilled in December 1979 but shut-in before completion. Electric log analysis clearly shows hydrocarbons in the primary 3700FT reservoir and oil was noted during drilling. YNG 3257 is drilled with the primary objective of establishing oil production in this area of the Nyaung Do fault block. There are at least four additional reservoirs that have oil production potential in this area.
Interra estimates that the results of the drilling and completion should be available in approximately eight weeks. The Company will announce the results as soon as they may be ascertained as well as updates reflecting critical or unexpected events during drilling.
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 commenced drilling infill development well YNG 3257 in the Yenangyaung oil field in Myanmar.
DRILLING COMMENCEMENT OF
YENANGYAUNG DEVELOPMENT WELL YNG 3257
So far Year 2012..interra pumped 1 m barrels...
For Year 2013..i will not be surprised that interra pumped 2m barrels...
Huat argh....
MYANMAR DRILLING UPDATE:
CHAUK DEVELOPMENT WELL CHK 1170 COMPLETED AS AN OIL PRODUCER
Interra Resources Limited (the " Company" or " Interra" ) wishes to inform shareholders that its jointly controlled entity, Goldpetrol Joint Operating Company Inc. (" Goldpetrol" ), has completed drilling development well CHK 1170 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. 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.
CHK 1170 was drilled to a total depth of 3,370 feet as a south offset to CHK 1166 which was completed in March 2013. The primary objective of CHK 1170 is to accelerate production from the reservoirs of this fault block. Following five days of production testing, CHK 1170 has been completed through casing perforations over ten reservoirs totalling 69 feet at 45 barrels of oil per day.
CHK 1170 marks the seventh well to be completed as an oil producer in the Chauk oil field and the thirteenth in Myanmar in 2013.
By Order of the Board of Directors of
INTERRA RESOURCES LIMITED
Marcel Tjia
Chief Executive Officer
http://infopub.sgx.com/FileOpen/Myanmar_Drilling_Update-Chauk_Devt-Well_CHK_1170_Completed_as_an_Oil_Producer.ashx?App=Announcement& FileID=250249
Octavia ( Date: 30-Jul-2013 22:25) Posted:
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I hope so.So far I noticed the market response to good news for this counter looked muted.The most up 2-3c nia.
Gd luck.
Gold916 ( Date: 30-Jul-2013 22:14) Posted:
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Octavia ( Date: 30-Jul-2013 21:28) Posted:
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