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Posts Tagged ‘interra resources’

Interra Resources starts oil recovery project in central Myanmar

Interra Resources says unit, Goldpetrol Joint Operating Company Inc., has completed development well YNG 3236 and started drilling for oil recently in the Yenangyaung field in central Myanmar.

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China Enersave – Corporate moves

Foo Say Tain has been appointed independent director wef Oct 8
Work experience: CFO, Interra Resources Ltd; group financial controller, Ultro Technologies Ltd
 

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Interra Resources turns around with 4Q net profit of $2.57m

Interra Resources says the group generated a net profit after tax of US$1.82 million for the fourth quarter of 2009 (4Q FY2009), compared to a net loss after tax of US$0.34 million in 4Q 2008.

Revenue increased by 5% to US$3.64 million from US$3.47 million due to higher weighted average oil prices although shareable production was lower than the preceeding quarter.

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Interra completes drilling of infill development well in Myanmar

Interra Resources says its jointly controlled unit, Goldpetrol Joint Operating Company Inc., has completed the infill development well Chauk 1160 in the Chauk oil field in Myanmar.

As an oil producer, 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.