Last $0.16 SGD
Change Today -0.004 / -2.44%
Volume 316.1K
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As of 4:04 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

interra resources ltd (ITRR) Snapshot

Open
$0.16
Previous Close
$0.16
Day High
$0.16
Day Low
$0.16
52 Week High
05/26/14 - $0.42
52 Week Low
12/9/14 - $0.16
Market Cap
71.9M
Average Volume 10 Days
87.9K
EPS TTM
$-0.02
Shares Outstanding
449.4M
EX-Date
05/6/08
P/E TM
--
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

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interra resources ltd (ITRR) Key Developments

Interra Resources Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Announces Impairment Charges

Interra Resources Limited announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net loss attributable to equity holders of the company of $12.1 million or $2.711 per diluted share on revenue of $15.7 million compared to net profit attributable to equity holders of $3.8 million or $0.852 per diluted share on revenue of $13.7 million reported in the same period last year. Loss before income tax was $12.5 million against $2.8 million reported last year. Net cash provided by operating activities was $9.3 million against $6.9 million reported last year. Additions to property, plant and equipment was $40,000. Additions to producing oil and gas properties were $4.0 million against $6.9 million reported last year. For the year, the company reported net loss attributable to equity holders of the company of $10.5 million or $2.361 per diluted share on revenue of $61.9 million compared to net profit attributable to equity holders of $7.0 million or $1.554 per diluted share on revenue of $50.2 million reported in the same period last year. Loss before income tax was $7.2 million against profit before income tax of $10.6 million reported last year. Net cash provided by operating activities was $27.7 million against $23.4 million reported last year. Additions to property, plant and equipment was $94,000. Additions to producing oil and gas properties were $17.4 million against $23.7 million reported last year. Increase in revenue was largely due to higher sales of shareable production of 785,176 barrels in fiscal 2014 from 656,691 barrels in fiscal 2013. Net loss for the financial year was largely due to impairment of oil and gas properties of $9.78 million for Indonesia operations and higher amortisation charges on the back of accelerated drilling activities in the first half of the financial year. For the quarter, the company also reported impairment of oil and gas properties of $9.8 million.

Interra Resources Ltd. Announces Unaudited Group Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014

Interra Resources Ltd. announced unaudited group earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of USD 18,342,000 against USD 14,031,000 a year ago. This was largely due to the contribution from PT Mitra Investindo TBK, the increase was also due to higher sales of shareable production to 225,244 barrels in third quarter 2014 from 181,611 barrels in third quarter 2013 although at lower weighted average transacted oil prices for third quarter 2014 of USD 98.86 per barrel compared to USD 105.57 per barrel in third quarter 2013. Profit before income tax was USD 1,676,000 against USD 5,976,000 a year ago. Profit attributable to equity holders of the company was USD 149,000 or 0.033 cents fully diluted share against USD 4,988,000 or 1.118 cents fully diluted share a year ago. Net cash provided by operating activities was USD 2,725,000 against USD 9,930,000 a year ago, mainly due to cash generated from Myanmar and TMT TAC operations of USD 2.44 million and USD 7.09 million respectively. Additions to oil and gas properties were USD 4,552,000 against USD 5,942,000 a year ago. Additions to other property, plant and equipment were USD 46,000 against USD 2,000 a year ago. EBITDA was USD 12,581,000 against USD 9,174,000 a year ago. EBIT was USD 2,155,000 against USD 6,666,000 a year ago. For the nine months, the company reported revenue of USD 43,582,000 against USD 36,507,000 a year ago. Profit before income tax was USD 5,309,000 against USD 13,364,000 a year ago. Profit attributable to equity holders of the company was USD 1,565,000 or 0.351 cents fully diluted share against USD 10,804,000 or 2.398 cents fully diluted share a year ago. Net cash provided by operating activities was USD 15,280,000 against USD 14,128,000 a year ago. Additions to oil and gas properties were USD 13,381,000 against USD 16,780,000 a year ago. Additions to other property, plant and equipment were USD 54,000 against USD 2,000 a year ago. EBITDA was USD 28,509,000 against USD 21,591,000 a year ago. EBIT was USD 12,995,000 against USD 15,172,000 a year ago. The group's shareable production from oil increased by 26% (46,211 barrels) to 221,376 barrels from 175,165 barrels in third quarter 2013. The increase was mainly due to higher contributions from Myanmar of 128,438 barrels in third quarter 2014 (third quarter 2013: 74,684 barrels) as the group successfully completed several development wells as oil producers. However, the increase was partially offset by the decrease in shareable production from Tanjung Miring Timur to 79,818 barrels in third quarter 2014 from 80,919 barrels in third quarter 2013. The group shareable production for the nine months of 2013 was 471,560 barrels against 276,580 barrels a year ago.

Interra Resources Announces Company Secretary Change

Interra Resources has appointed Wong Cui Chen Jacinda as Company Secretary. The effective date is November 03, 2014. Kwa Xian-Zhen resigned as Company Secretary, effective November 03, 2014.

 

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