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Agreed Bro Medvih...oil exploration is a risky business and TP will vary.
This counter is so controlled if you monitored the px movement.
medivh ( Date: 22-Jul-2013 21:04) Posted:
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MYANMAR DRILLING UPDATE: CHAUK DEVELOPMENT WELL CHK 1172 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 1172 in the Chauk oil field in Myanmar as an oil producer and with such, has achieved a production milestone.
Interra has a 60% interest in the Improved Petroleum Recovery Contract (“IPRC”) 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 Cooper LTO 350 rig, costs were comparatively low. Interra’s share of the cost of drilling was funded from existing funds on hand.
CHK 1172 was drilled to a total depth of 2,600 feet as an offset to CHK 1166 which was completed in March 2013, producing in excess of 110 barrels of oil per day. The primary objective of CHK 1172 is to accelerate production from the reservoirs that produce from CHK 1166 and several nearby producing wells. Following five days of production testing, CHK 1172 has been completed through casing perforations over seven reservoirs totalling 41 feet averaging more than 200 barrels of oil per day.
This production rate makes CHK 1172 the current highest single well oil producer in the Chauk field and also marks a significant milestone as the current daily well head production rate of the Chauk field is now the highest since the commencement of the IPRC in 1996.
CHK 1172 marks the sixth well drilled in the Chauk field and the twelfth drilled in Myanmar in 2013, all of which have been completed as oil producers.
By Order of the Board of Directors of INTERRA RESOURCES LIMITED
Marcel Tjia Chief Executive Officer
bro Oct, if I tell you this one can go up to near 1 dollar in a few yrs time would u believe? I have no TP atm..
i am vested for the long run cause this one is for retirement.. hehe
Octavia ( Date: 18-Jul-2013 21:26) Posted:
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This one very fishy.Big vol keep disappearing and appearing btw buyer and seller queue.
IR...IR....IR....up up n away....hahaha
Octavia ( Date: 22-Jul-2013 16:19) Posted:
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Cheong arhhhgg...
out of steam nb
Hope this bb is catching the shortists at 50cens
then we huat liao!
Octavia ( Date: 19-Jul-2013 10:43) Posted:
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Moving again.
BBs still in.Shld close unchanged or a pip or two higher.
lai liao?
Me too, FIFO,
earn small money accumulate wealth like dividendwarrior knn his portfolio very hiong
Octavia ( Date: 19-Jul-2013 09:26) Posted:
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Abt the same.I FIFO and hope to make second profit.
Let see.
muifan ( Date: 19-Jul-2013 09:23) Posted:
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525-530
how about you bro?
Octavia ( Date: 19-Jul-2013 09:22) Posted:
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Bro,what is yr TP?
muifan ( Date: 19-Jul-2013 09:19) Posted:
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tug of war at 50cens , lets see who will win !
huat ah!
No. I'm out aredi abt a wk plus ago.
Octavia ( Date: 18-Jul-2013 20:44) Posted:
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Bro Medivh,are you giving me a hint?
Can I know yr TP?
medivh ( Date: 18-Jul-2013 21:11) Posted:
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nice run up.. left with a few only.. haha
medivh ( Date: 06-Feb-2013 08:58) Posted:
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Thank you Sista.
Are you vested too?
halleluyah ( Date: 18-Jul-2013 20:08) Posted:
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How come u know tt the shorties r ah girl.....panties? Not me hor. Anyway congrats to u!!
Octavia ( Date: 18-Jul-2013 17:07) Posted:
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