Last $0.19 SGD
Change Today -0.007 / -3.63%
Volume 240.0K
ITRR On Other Exchanges
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As of 4:20 AM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

interra resources ltd (ITRR) Snapshot

Open
$0.19
Previous Close
$0.19
Day High
$0.19
Day Low
$0.19
52 Week High
10/23/13 - $0.44
52 Week Low
10/20/14 - $0.19
Market Cap
83.0M
Average Volume 10 Days
794.9K
EPS TTM
$0.01
Shares Outstanding
446.2M
EX-Date
05/6/08
P/E TM
10.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for INTERRA RESOURCES LTD (ITRR)

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interra resources ltd (ITRR) Details

Interra Resources Limited, an investment holding company, is engaged in the exploration and operation of oil fields for crude petroleum production. It has oil and gas interests in a portfolio of five contract areas located in Indonesia and Myanmar. The company has 100% interest in the Tanjung Miring Timur technical assistance contract (TAC) covering an area of approximately 61 square kilometers located in Prabumulih and Palembang; 100% interest in the Linda Sele TAC covering an area of approximately 15 square kilometers situated in Sorong; and 49% participating interest in Kuala Pambuang exploration block covering an area of approximately 8,150 square kilometers located southwest of Palangkaraya, Indonesia. It also holds 60% interest in Chauk and Yenangyaung covering approximately 1,800 square kilometers and located along the Ayeyarwaddy River, Myanmar. Interra Resources Limited was incorporated in 1973 and is based in Singapore.

Founded in 1973

interra resources ltd (ITRR) Top Compensated Officers

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interra resources ltd (ITRR) Key Developments

Interra Resources Limited Reports Unaudited Group Earnings Result for the Second Quarter and Six Months Ended June 30, 2014

Interra Resources Limited reported unaudited group earnings result for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue from continuing operations of $14,042,000 against $12,497,000 a year ago. Profit before income tax was $1,180,000 against $5,490,000 a year ago. Profit from continuing operations for the financial period was $32,000 or $0.007 diluted per share from continuing operations against $4,629,000 or $1.026 diluted per share from continuing operations a year ago. Total profit attributable to equity holders of the company was $204,000 against $4,451,000 a year ago. Net cash provided by operating activities was $6,730,000 against $3,298,000 a year ago. Additions to property, plant and equipment was $1,000. Additions to producing oil and gas properties were $3,643,000 against $4,109,000 a year ago. Revenue increased largely due to higher sales of shareable production, which increased to 183,594 barrels in second quarter of 2014 from 172,388 barrels in second quarter of 2013 and higher transacted oil prices. EBITDA was $8,280,000 against $8,441,000 a year ago. For the six months, the company reported revenue from continuing operations of $25,849,000 against $19,742,000 a year ago. Profit before income tax was $4,209,000 against $7,382,000 a year ago. Profit from continuing operations for the financial period was $2,102,000 or $0.466 diluted per share from continuing operations against $5,952,000 or $1.322 diluted per share from continuing operations a year ago. Total profit attributable to equity holders of the company was $1,415,000 against $5,816,000 a year ago. Net cash provided by operating activities was $12,555,000 against $4,198,000 a year ago. Additions to property, plant and equipment was $8,000. Additions to producing oil and gas properties were $8,829,000 against $10,838,000 a year ago. EBITDA was $15,471,000 against $11,955,000 a year ago.

Interra Resources Limited and Goldpetrol Joint Operating Company Inc. Announces Update on Chauk Development Well CHK 1191

Interra Resources Limited and Goldpetrol Joint Operating Company Inc. announced drilling development well CHK 1191 in the Chauk oil field in Myanmar. 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. CHK 1191 is being drilled using Goldpetrol's ZJ 450 rig, thus drilling costs are expected to be relatively low. Interra's share of the cost of drilling is funded from existing funds on hand. CHK 1191 is drilled in the North-Central fault block of Chauk field in a slightly up-dip position to CHK 1183 which was completed in April 2014 as an oil producer. CHK 1191 is to be drilled to a proposed depth of 3,700 feet with the primary objective of accelerating production from the oil reservoirs that produce in CHK 1183 and other older wells in this fault block.

Interra Resources Limited Reports Unaudited Earnings Result for the First Quarter Ended March 31, 2014

Interra Resources Limited reported unaudited earnings result for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of $11,807,000 against $7,244,000 a year ago. Profit before income tax was $3,028,000 against $1,891,000 a year ago. Profit from continuing operations for the financial period was $2,069,000 or $0.459 per diluted share against $1,322,000 or $0.294 per diluted share a year ago. Total profit attributable to equity holders of the company was $1,211,000 against $1,364,000 a year ago. Net cash provided by operating activities was $5,825,000 against $900,000 a year ago. Additions to property, plant and equipment was $7,000.Additions to producing oil and gas properties were $5,186,000 against $6,729,000 a year ago. Revenue increased by 63% largely due to higher sales of shareable production, which increased to 155,783 barrels in first quarter of 2014 from 88,994 barrels in first quarter of 2013, although at lower transacted oil prices. Net profit after tax from continuing operations increase was mainly due to higher revenue and after taking the following in consideration: Higher cost of production, lower net other income mainly due to no reimbursement of unrecovered costs in first quarter of 2014 as compared to first quarter of 2013 of $330,000 and higher income tax expenses due to higher taxable income.

 

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