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Interra spuds Myanmar oil well

18th June 2014

Goldpetrol Joint Operating Company, a subsidiary of Interra Resources, has commenced drilling development well L 140 in the Chauk oil field in Myanmar

Interra spuds Myanmar oil well
Interra estimates that the results of the drilling and completion should be available in approximately six weeks

L 140 is being drilled using hired ZJ 750 rig to a total measured depth 1,128 metres. Interra’s share of the cost of drilling is funded from existing funds on hand.

Interra has a 60 per cent interest in the improved petroleum recovery contract of the Chauk field and also owns 60 per cent of Goldpetrol which is the operator of the field.

Following the very successful drilling of six directional wells in northern Chauk oil field under the Ayeyarwaddy from the east bank, the rig has been transported across the river to attempt penetrating the producing structure via directional wells from the west bank.

New wells drilled from this area are prefixed “L” to reflect the local geographic name “Lanywa”. L 140 will be the most challenging directional well drilled to date by Goldpetrol with a planned deviation reaching 46 degrees and a lateral displacement of over 518 metres. The primary objective is to accelerate production from the oil reservoir that produces from the wells in this fault block.

Interra estimates that the results of the drilling and completion should be available in approximately six weeks. It will announce the results as soon as they may be ascertained as well as updates reflecting critical or unexpected events during drilling.

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