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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Interra Resources completes drilling of infill development well in Myanmar
September 22nd, 2010 |
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Oil producer Interra Resources says jointly-controlled entity, Goldpetrol Joint Operating Company Inc., has completed infill development well YNG 3235 in the Yenangyaung field in central Myanmar.
Interra Resources has a 60% interest in the petroleum recovery contract of the Yenangyaung field and also owns 60% of Goldpetrol which is the operator of the field.
Interra Resources turns around with 4Q net profit of $2.57m
February 25th, 2010 |
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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.