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Interra- cheapest oil stock
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Octavia
Elite |
18-Jul-2013 17:07
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Closed up+3. shortist caught with their panties down..i think.. great for the breakout.. 
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Octavia
Elite |
18-Jul-2013 16:32
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Big vol today. Buyer (27.6M) vs seller(11.6M) now. Hope tmr can continue the bullishness. |
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Octavia
Elite |
18-Jul-2013 15:35
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Interra Resources breaks 50c ...chiong arhhh.
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Octavia
Elite |
18-Jul-2013 09:25
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Strong volume today. Up +2c |
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Octavia
Elite |
17-Jul-2013 10:24
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Interra Resources has completed the drilling of the YNG 3255 well in the Yenangyaung oil field in Myanmar as an oil producer, with a stable 75 bopd. YNG 3255 marks the 6th well drilled in Yenangyaung field and the 11th drilled in the Myanmar asset in 2013, all of which have been completed as oil producers. Interra has a 60% interest in theYenangyaung field and also owns 60% of Goldpetrol, the operator of the field |
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teeth53
Supreme |
25-Jun-2013 23:06
Yells: "don't learn through life, learn to grow with life " |
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http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=281& recordCount=260 (Interra....formerly Van Der Horst) | ||
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teeth53
Supreme |
25-Jun-2013 22:57
Yells: "don't learn through life, learn to grow with life " |
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MYANMAR Drilling Update: YENANGYAUNG Development Well YNG 3254 completed as an oil producer.  Myanmar_Drilling_Update-Chauk_Devt-Well_YNG3254_Completed_as_an_Oil_Producer.pdf
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daylight28
Member |
05-Jun-2013 11:09
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still quite far off its highest in jan | ||
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ozone2002
Supreme |
05-Jun-2013 10:49
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SHOCKING to see DBS analyst recommending a 40x PE stock?????????????????? he/she should be fired! Largest onshore oil producer in Myanmar (DBS) • assets mainly in production phase Oil & gas proxy in Myanmar and Indonesia with• growth potential further upside from exploration assets and bids for new licences Significant production ramp up to drive nearterm• moderate risk return Fair value implies 12% potential upside andThe Business Largest onshore oil producer in Myanmar with 40% market share. Interra Resources (ITRR) is an oil & gas exploration and production company with two producing fields in central Myanmar and two producing fields and one exploration site in Indonesia. The company currently has about 24.6m barrels of 2P (proven + probable) reserves and its wells produced close to 1m barrels of oil last year. Myanmar is the key earnings contributor at 86% of FY12 EBITDA. ITRR has been in Myanmar since 1996. Near term growth from higher production, further upside from exploration. Based on ITRR’s expanded drilling program, oil production will accelerate over the next five years to drive 24% earnings CAGR over FY12-14. In the medium term, we see upside potential from ongoing exploration in Indonesia, extension of existing contracts, and bidding for new licences. There is also preliminary discovery of gas in Myanmar which could be an earnings wildcard if proven material. The Stock What is fair value for the stock? We value ITRR at 10% discount to global comparables’ EV/ reserves multiple of about 18x to derive a fair value of S$0.57 (details in report). Dependent on oil prices, ability to renew Indonesia contracts. Besides changes in oil prices and inherent execution risks in E& P projects, ITRR’s inability to renew its contracts in Indonesia would adversely affect earnings and valuation. At A Glance Issued Capital (m shrs) 446 Mkt. Cap (S$m/US$m) 227 / 182 Major Shareholders Saratoga Equity Partner (%) 17.8 Sumodikoro Subianto ARPAN (%) 11.8 Free Float (%) 70.4
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retsel
Member |
05-Jun-2013 10:14
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News? | ||
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kye_lin
Member |
05-Jun-2013 10:09
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Cheong ah!!!. Everybody huat!! | ||
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tankuku
Master |
04-Jun-2013 21:04
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It may end up like Ramba, moving to new high in weeks to come. Do remain vest and good luck. Huat ah to all. |
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think2profit
Senior |
04-Jun-2013 20:24
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It is very firm at above 50cts. It may gap up tomorrow |
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wonderwhy100
Member |
04-Jun-2013 19:34
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tankuku
Master |
04-Jun-2013 05:42
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May not have drastic fall. They had many other oil wells in exploration. This may be another Ramba that is also an oil production company. I am long into this stoch. Do vest and good luck. Huat ah | ||
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tea444u
Master |
04-Jun-2013 01:06
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oh no who bot above 50 today?
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kelvinLim123
Master |
04-Jun-2013 00:39
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yes sir, 9 barrel per day, how to make money???
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retsel
Member |
03-Jun-2013 23:30
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Low output from these oil wells announced today at 9pm. Looks like price may fall back below 50c tmr again. | ||
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retsel
Member |
03-Jun-2013 23:28
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INTERRA RESOURCES LIMITED Company Registration No. 197300166Z 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 3 June 2013 MYANMAR DRILLING UPDATE: YENANGYAUNG DEVELOPMENT WELLS YNG 3252 AND YNG 3253 COMPLETED AS OIL PRODUCERS Interra Resources Limited (the “Company” or “Interra”) wishes to inform shareholders that its jointly controlled entity, Goldpetrol Joint Operating Company Inc. (“Goldpetrol”), has completed drilling development wells YNG 3252 and YNG 3253. The objective of YNG 3252 was to accelerate oil production from the reservoirs in this fault block and production has stabilised at 7 barrels of oil per day (bopd). The primary objective of YNG 3253 was to re-establish production in a fault block that has not had oil production from certain reservoirs since pre-world-war II. YNG 3253 was drilled to a total depth of 3,663 feet and production has stabilised at 8 bopd. | ||
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retsel
Member |
03-Jun-2013 23:26
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SGX ANNOUNCEMENT SGX Code: Interra Res (5GI) Interra Resources Limited www.interraresources.com 3 June 2013 INDONESIA PRODUCTION UPDATES: LINDA SELE DEVELOPMENT WELLS LDA G5TW AND SLE S2 Interra Resources Limited (the “Company” or “Interra”) wishes to inform shareholders as to the current status of the above captioned wells at the Linda Sele (“LS”) fields onshore West Papua, Indonesia, which are operated by its wholly owned subsidiary, Goldwater LS Pte. Ltd. (“GLS”). In the Linda Field, LDA G5TW continues to produce approximately 20 barrels of oil per day (bopd) from the Kais Formation carbonates while awaiting production equipment improvement including the addition of a higher capacity pump. Following testing of the secondary deeper objective in the Kais Formation which did not yield commercial oil production, SLE S2 was perforated over two primary intermediate reservoir zones and is currently producing 60 bopd. Production optimisation continues with the aim of increasing production from these reservoirs. Two shallower reservoirs that appear promising on borehole electric logs will be tested at a later date. | ||
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