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Interra Resources Ltd. ( (SG:5GI) ) has provided an update.
Interra Resources Limited reported a decrease in oil production for the first quarter of 2025, with a total of 64,626 barrels, down 11% from the previous quarter. Despite this decline, the company completed a new well in Myanmar, which is expected to enhance oil recovery and support reservoir pressure, with further production increases anticipated in the second quarter of 2025.
More about Interra Resources Ltd.
Interra Resources Limited is a company involved in the oil and gas industry, focusing on the exploration, development, and production of petroleum. The company operates primarily in Myanmar, where it holds a significant interest in petroleum recovery contracts.
Technical Sentiment Signal: Buy
Current Market Cap: S$23.6M
Find detailed analytics on 5GI stock on TipRanks’ Stock Analysis page.