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This gem is going to shine ..
Looking at the potential, it will soar by yr end..
Definitely vested.
Pls DYODD. Not a call to buy.
medivh ( Date: 28-Jan-2013 21:26) Posted:
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Just announce that it's MYANMAR DRILLING YENANGYAUNG DEVELOPMENT WELL YNG 3251 HAD COMPLETED AS AN OIL PRODUCER and should add more production of oil. In adition of that it's DRILLING COMMENCEMENT OF YENANGYAUNG DEVELOPMENT WELL YNG 3252 will complete in 3 to 4 week time .
The above good news should cause Interra Res to move higher toward it TP.
Do monitor and good luck.
Had notice that it is slowing moving up days after days though it is not in top volume. Should be able to reach TP of $0.85 in weeks or month to come.
Do monitor and good luck. Huat ah $$$$$$$$$$$$$
Agree and I am vested.
tankuku ( Date: 21-Mar-2013 07:46) Posted:
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Do keep a look out for this hidden gem.
Good luck and Huat ah
Got the potential to break $0.85 in the long term. Billion-Air PR Jame roger recommendation for agricultaure and oil stock for investment with good return.
My angmo broker also recommand a buy with TP $0.60 in the short term cos of more oil discovery and production.
Do monitor this gem and good luck.
Huat ah to all.
Interra Resources: Oil Production Increases At Chauk Producing Wells CHK 1157 And CHK 1166.
Interra Resources Limited wishes to inform shareholders that its jointly controlled entity, Goldpetrol Joint Operating Company Inc., has achieved significant production increases at producing wells CHK 1157 and CHK 1166 in the Chauk oil field in Myanmar...ttp://repository.shareinvestor.com/rpt_view.pl/id/fe06517039879c1aa6fee3b3d154fc5e10cd295d247062876ca90b4146170aa9/type/si_news
INTERRA RESOURCES LIMITED UEN 197300166Z ARBN 129 575 275 SGX ANNOUNCEMENT SGX Code: Interra Res (5GI)
Interra Resources Limited 1 Grange Road #05-04 Orchard Building Singapore 239693 Tel (65) 6732 1711 Fax (65) 6738 1170 www.interraresources.com
14 March 2013
INDONESIA DRILLING UPDATE:
DRILLING COMMENCEMENT OF
LINDA SELE DEVELOPMENT WELL SLE S2
Interra Resources Limited (the "
SLE S2 is the second well to be drilled in LS and the first in the Sele field portion of the TAC since the completion of 3D seismic data acquisition and interpretation over the blocks. SLE S2 is being drilled using an externally contracted rig.
SLE S2 is being drilled as a north offset to producing well SLE S1 which was completed in 1975 and has produced in excess of 400,000 barrels of oil. The proposed depth is 725 metres and the primary objectives are the reservoirs of the Kais Formation with secondary objectives being several shallower reservoirs.
Detailed interpretation of the 3D seismic data has allowed for a much clearer understanding of the LS carbonate reef complex and consequently several additional highly prospective locations have been delineated.
Interra estimates that the results of the drilling 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.
The Company wishes to advise that investors should exercise due care and caution when trading Interra’s shares. It is not certain that the development drilling mentioned above will ultimately yield commercially recoverable hydrocarbons or profitable production.
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 wholly owned subsidiary, Goldwater LS Pte. Ltd. (" GLS" ), has commenced drilling development well SLE S2 at the Linda Sele (" LS" ) fields onshore West Papua, Indonesia. GLS has 100% participating interest in the LS Technical Assistance Contract (" TAC" ) and is the operator of the fields.
About Interra
Interra Resources Limited, a Singapore-incorporated company listed on SGX Mainboard, is engaged in the business of oil and gas exploration and production (E& P). Our E& P activities include oil and gas production, field development and exploration through strategic alliances and partnerships. We are positioning ourselves to become a leading regional independent producer of oil and gas.
Interra Resources: Post 4Q12 Net Loss Of US$0.05 Million Vs 4Q11 Net Profit Of US$6.8 Million.
Q4 2012 net loss after tax for the quarter was US$0.05 million. Net profit after tax for the year was US$3.04 million. Revenue for the quarter was US$7.23 million, 8% lower than the previous quarter, mainly due to lower barrels of oil lifting from LS TAC. Revenue for the year was US$30.41 million. Shareable production for the quarter increased to 93,328 barrels from 90,802 barrels in the previous quarter. Earnings before divestment gain, interest income, exchange difference, finance cost, tax, depreciation, amortisation, allowance and impairment for the quarter was US$2.68 million. Net cash outflow for the quarter was US$9.66 million, mainly due to new well drilling and well improvements and acquisition of property, plant and equipment. Cash and cash equivalents, excluding restricted cash, were US$16.74 million as at 31 December 2012...
Result out today
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_E71A6F5EC69BAE0C48257B1F0032C990/$file/Interra-FY2012_Unaudited_Results.pdf?openelement
INTERRA RESOURCES LIMITED
UEN 197300166Z ARBN 129 575 275
SGX ANNOUNCEMENT
SGX Code: Interra Res (5GI)
21 February 2013
MYANMAR DRILLING UPDATE: DRILLING COMMENCEMENT OF CHAUK DEVELOPMENT WELL CHK 1168
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 1168 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. Interra’s share of the cost of drilling is funded from existing funds on hand. Since CHK 1168 is drilled using Goldpetrol’s ZJ 450 rig, costs are anticipated to be relatively low.
CHK 1168 is to be drilled to a targeted depth of approximately 3,800 feet as a structurally high offset to several shut-in wells which produced oil from the primary objective L3700FT reservoir. Several shallower reservoirs that have produced oil in the past in surrounding wells will also be evaluated.
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
i don't doubt my investment.. only fear there is not enough time to enjoy only lol.. (" ,)
remember this sound advice: always have stop -loss and take profit target.. wont go wrong. (," )
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1E75E29030C4337F48257B0900155A73/$file/Myanmar_Drilling_Update-Chauk_Devt-Well_CHK_1167.pdf?openelement
good projects, good investment.. huat ah~~~~~