Post Reply
41-60 of 428
Breaks 48.5 with gd voulume.Hope to see it retests its recent high.
Look like waking up oready. Hope to chiong like the other counter.
MYANMAR DRILLING UPDATE: DRILLING COMMENCEMENT OF YENANGYAUNG DEVELOPMENT WELL YNG 3258
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 YNG 3258 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. YNG 3258 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.
YNG 3258 is drilled as a southeast offset to oil producing well YNG 3260 in the central portion of Yenangyaung field to a targeted depth of 2650 feet. The primary objective is to accelerate production from the oil reservoirs that produce from the several 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 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=255638
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 YNG 3258 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. YNG 3258 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.
YNG 3258 is drilled as a southeast offset to oil producing well YNG 3260 in the central portion of Yenangyaung field to a targeted depth of 2650 feet. The primary objective is to accelerate production from the oil reservoirs that produce from the several 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 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=255638
MYANMAR DRILLING UPDATE: DRILLING COMMENCEMENT OF YENANGYAUNG DEVELOPMENT WELL YNG 3260
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 YNG 3260 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. YNG 3260 will be the second deeper development well to be drilled employing hired rig XJ 750. Interra?s share of the cost of drilling will be funded from existing funds on hand.
YNG 3260 is proposed to be drilled to a depth of 5700 feet as an infill development well in the southern Nyaung Do area of Yenangyaung field. The primary objective is to re-establish oil production from the several oil reservoirs in this portion of the Nyaung Do fault block .
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=255642
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 YNG 3260 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. YNG 3260 will be the second deeper development well to be drilled employing hired rig XJ 750. Interra?s share of the cost of drilling will be funded from existing funds on hand.
YNG 3260 is proposed to be drilled to a depth of 5700 feet as an infill development well in the southern Nyaung Do area of Yenangyaung field. The primary objective is to re-establish oil production from the several oil reservoirs in this portion of the Nyaung Do fault block .
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=255642
plus neck also long liao also bo ...
lol
Winson ( Date: 05-Sep-2013 16:25) Posted:
|
Finger And toes X till numb also bo bian...
Still no chiong up.
Still no chiong up.
muifan ( Date: 05-Sep-2013 14:26) Posted:
|
0.475 buy q keep toping up..
and is 1 shot 900 lot come out and top..
maybe got chance to chiong ah....
keeping my toes crossed now
Winson ( Date: 05-Sep-2013 13:38) Posted:
|
take profit liao earn coffee money.. wait for it to go back to 44 Or 445 then enter again
Haha...like your comment...
Vested too..
一 起 来 .....
Chiongggggg ah
Vested too..
一 起 来 .....
Chiongggggg ah
muifan ( Date: 05-Sep-2013 12:03) Posted:
|
this interra always mad rush 1 day..
rest 2 weeks lol..
chiong leh
Octavia ( Date: 04-Sep-2013 11:14) Posted:
|
Bro you are rite.Many big trades transacted.
muifan ( Date: 04-Sep-2013 11:06) Posted:
|
should be able to...
BB wont enter at 48 to let it rest at 48.5c
IMHO
Octavia ( Date: 04-Sep-2013 11:05) Posted:
|
can break 48.5 wld be a good sign.
in any crisis ... logistics will be very critical ... be it energy, water, medical, food, etc. ...
If you make profit just take it first.Dont wait.
On the long run you can see that the company's fundamental is improving.Last quarter finanical rpt better than previous quarters and progressive development on their oil exploration were timely. Their drilling exploration have been successful mainly due to capable and experience team onboard not requiring new technology like Rex is having in order to be successful. Overall output capacity is increasing and above all the company is generating cash.All the capital expenditure were funded by internal resources(i.e.self reliant).For long term investment is a good consideration.Slow moving though and not so volatile like ramba or mirach energy.
NoMoney ( Date: 04-Sep-2013 10:10) Posted:
|
quite sure BB is in...
see how far can go today
HUAT !
Octavia ( Date: 04-Sep-2013 09:57) Posted:
|
Interra, Oakwell, Dukang, Sino
don't know can go back to 495 or 52 cents o not may b let go at 485 or 495 if today can break that price
Let huat together.:)
muifan ( Date: 04-Sep-2013 09:42) Posted:
|
Interra Resources is acquiring Indonesian firm PT Benakat Barat Petroleum (BBP), which holds all the rights to explore and develop the Benakat Barat field in South Sumatra, for US$78.5m ? its largest acquisition so far. Such a move could raise Interra?s reserves by 80% from the current 25m bbls. The transaction will be 80% paid for with cash, financed through bank borrowings the remaining 20% will be funded by new shares issued at $0.4591, close to the $0.46 close yday.
Upon completion, the consideration shares will represent ~8.91% of the enlarged share base. The Benakat Barat field is adjacent to the Tanjung Miring Timur (TMT) field, in which Interra holds full participating interest, and produces oil from the same geological structures and formations as the latter. The contract to develop the Benakat Barat field was assigned in 2009 for 15 years. Post-acquisition, Interra's NTA/sh will rise from 15.904 US cents to 23.526 US cents, while EPS will drop from 0.762 US cent to negative 0.139 US cent. Interra will also be geared at 0.73x.