Username
Password
Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,126.14 -8.57 -0.27%
Hang Seng 26,848.49 +184.21 +0.69%
Dow Jones 27,047.28 +45.30 +0.17%
Shanghai Composite 2,977.33 -1.38 -0.05%
Interra Resources’ Myanmar Drill Commence Operations
Daily Bulletin | 02 September 2015
Related stocks:
5GI
By:

Interra Resources announced that its joint venture entity, Goldpetrol Joint Operating Company, has commenced drilling development well YNG 3270 in the Yenangyaung oil field in Myanmar.

Interra has a 60 percent interest in the Improved Petroleum Recovery Contract of the Yenangyaung field and also owns 60 percent of Goldpetrol which is the operator of the field. YNG 3270 is being drilled using Goldpetrol’s ZJ 450 rig, implying a relatively low drilling cost is to be expected.

Completion and results of the drilling is expected to be available in approximately 6 weeks.

Interra Resources  -- -- --   
Business: Co is engaged in the business of oil & gas exploration & production, including oil & gas production, field development & exploration. [FY18 Geographical] Myanmar (92.2%), Indonesia (7.8%).

Insight: May-19, 1Q19 revenue rose 36.2% mainly due to high... Read More


Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.