Interra Resources Ltd. (SG:5GI) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Interra Resources Limited reported a 3% increase in oil production, reaching 82,122 barrels in Q1 2024, compared to the previous quarter. The company, through its operator Goldpetrol, successfully drilled two new wells in Myanmar, which are now contributing to an enhanced oil recovery with a combined initial rate increase of 178 barrels of oil per day. Ongoing field operations and improvements aim to support reservoir pressure and reduce production declines.
For further insights into SG:5GI stock, check out TipRanks’ Stock Analysis page.
