Interra Resources

SINGAPORE (Dec 17): SAC Capital is maintaining its “buy” call on oil explorer and producer Interra Resources with a target price of 8.9 cents, representing an upside potential of some 71% for the stock. 

SINGAPORE (Oct 10): Analysts are optimistic over the prospects of oil explorer and producer Interra Resources, following the company’s announcement that it will commence drilling at an onshore oilfield south of Central Kalimantan.

SINGAPORE (Dec 19): SAC Advisors says it remains “cautiously optimistic” about the Singapore market in 2019, despite volatile market conditions on the back of global geo-political risks.

SINGAPORE (Feb 27): Interra Resources reported earnings of US$1.3 million ($1.7 million) for FY17 compared to its FY16 loss of US$8.1 million, mainly due to lower share of losses from associated companies.

SINGAPORE (Dec 15): Interra Resources is placing out 79.5 million shares at 5.9 cents per share to China ZhenHua Oil’s wholly-owned subsidiary, North Petroleum International, for approximately $4.7 million.  

SINGAPORE (Aug 29): Interra Resources says its jointly-controlled entity, Goldpetrol Joint Operating Company, has commenced drilling for development well CHK 1203 at its oil field in Chauk, Myanmar.

SINGAPORE (June 1): Golden Glory Group, a developer of Myanmar real estate, is planning an initial public offering in Singapore this year as the opening of the frontier market spurs property demand in Southeast Asia’s fastest-growing economy.