Interra Resource    Last:0.036   -

Interra- cheapest oil stock

Today is already Thur and STI ran up 2.x%, am all out guys...wonder coffee $ locked and confirmed.  Will be back again.

 

I am locking my coffee $ today for 1 month of coffee supply...lol

 

Another bought at 0.028

 

Another 5mil buy up at 0.029...well done...hope is there fr my coffee $...hopefully...

 

http_s://links.sgx.com/FileOpen/_eFORM3V2%20-%20NSK.ashx?App=Announcement& FileID=763078
SSH buying more on 21 Jun...haha

 

BB absorbing 0.028-0.029 I think.....not many sellers anyway so will not drop further.  Will pick up some for small coffee $ if any. Good luck to all vested.

 

Their working captial increase by 6 milliomn SGD needs time to absorb this sad news

waitlonglong2011      ( Date: 15-Jun-2023 15:23) Posted: looks like BB absorbing 0.027-0.028 and wait.  No price action for near future since oil price also dipping.

 

looks like BB absorbing 0.027-0.028 and wait.  No price action for near future since oil price also dipping.

 

the additional USD 4.2 million is a killer to this stock (6 million SGD), this stock is well guarded by BB

waitlonglong2011      ( Date: 09-Jun-2023 14:05) Posted: Strange to see there are still baggers for 0.028 with the oil price dropping a bit currently, despite the recent news.

 

Strange to see there are still baggers for 0.028 with the oil price dropping a bit currently, despite the recent news.

 

If were to read between the lines, I think it incurred more than expected, and with nothing can be extracted from the well after so much investment.  It' s a down down and no no game for this till any good news. 
Can see sellers throwing at 0.029 but surprisingly, there are baggers around to pick up.

LZLOmega      ( Date: 07-Jun-2023 20:31) Posted: Is about the Indonesia side is more expensive that previously thought, so incurring additional cost. However, it is still undervalue.

 

Similar issue as rex international last time

 

For those who do not read SGX announcements, here is the news. Interra Resources Limited (the ?Company? or ?Interra?) wishes to inform shareholders that it has carried out fracture stimulation and testing of exploration well KP-1 on the Kuala Pambuang block (the ?Block?) onshore southern Central Kalimantan, Indonesia. Interra has a 72.75% interest in the Block through PT Mentari Pambuang Internasional, the operator of the 1,631 km2 Block. The perforation and fracture stimulation were sub-optimal due to communication with an overlying aquifer zone and, as such, the test results are inconclusive and below our pre-drill expectation. The well has now been temporarily suspended to allow for the recovered oil samples to be analysed and interpretation to be carried out. KP-1 was drilled to a total measured depth of 3,771 ft in December 2019. The well targeted a four-way dip closure within the Berai Formation on the PR-1 prospect. Skim oil was recovered to surface during open hole swabbing of the original well. The carrying value of the exploration cost with respect to the Block to-date is approximately US$13.7 million against the net present value based on an independent review of US$9 million, resulting in an impairment on exploration cost of approximately US$4.7 million. This would impact the coming quarters P&L....

 

Is about the Indonesia side is more expensive that previously thought, so incurring additional cost. However, it is still undervalue.

 

Is it ? BTW what the news is about .... no idea what they saiding ... anyway tomorrow will know

 

Sorry, its an opposit, negative news.

Patkeane      ( Date: 07-Jun-2023 16:53) Posted: Pending release of Good News

 

Pending release of Good News 

 

Why is this halted?

 

Bottom out. Shortist buyback higher. Cheap counter still. Good durian 

petson      ( Date: 06-May-2023 01:03) Posted: oil price surge

 

oil price surge