SGX Code: Interra Res (5GI)
3 January 2013
INDONESIA DRILLING UPDATE: DEVELOPMENT WELL TMT-55
As stated in the announcement of 17 December 2012 with respect to furnishing updates reflecting noteworthy events during the continued drilling of TMT-55 at the Tanjung Miring Timur ("TMT") field in South Sumatra, Indonesia, Interra Resources Limited (the "Company" or "Interra") wishes to inform shareholders that its wholly owned subsidiary, Goldwater TMT Pte. Ltd. ("GTMT") has successfully reached total depth at 1,197 metres. GTMT has 100% working interest in the Technical Assistance Contract of the TMT field and TMT-55 was drilled using an externally contracted rig.
Following wireline electric logging, the prospective reservoir formations will be evaluated to determine zones to be tested via casing perforation. The Company will announce these results as soon as they may be ascertained.
By Order of the Board of Directors of
INTERRA RESOURCES LIMITED
Marcel Tjia
Chief Executive Officer
About Interra
Interra Resources Limited, a Singapore-incorporated company listed on the SGX Catalist, is engaged in the business of oil and gas exploration and production (E&P). Our E&P activities include oil and gas production, field development and exploration through strategic alliances and partnerships. We are positioning ourselves to
become a leading regional independent producer of oil and gas.
For corporate enquiries, please contact:Marcel Tjia
Chief Executive Officer
mtjia@interraresources.com
For technical enquiries, please contact:Frank Hollinger
Chief Technical Officer
frank@interraresources.com
Interra Resources Limited 1 Grange Road #05-04 Orchard Building Singapore 239693 Tel (65) 6732 1711 Fax (65) 6738 1170 www.interraresources.com
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This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). Canaccord Genuity Singapore Pte. Ltd. has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Ms Karen Soh, Deputy Managing Director, Corporate
Finance, Canaccord Genuity Singapore Pte. Ltd., at 77 Robinson Road #21-02 Singapore
068896, telephone (65) 6854 6160.
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