Interra Resources Ltd. (SG:5GI) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Interra Resources Limited, through its subsidiary Goldwater TMT Pte. Ltd., has entered into a cooperation agreement with PT Blora Patra Energi to form a joint venture in Indonesia. The partnership aims to negotiate operational agreements for oilfields and re-activate old wells, enhancing petroleum production in Central Java. Interra will hold a 49% stake in the venture, with a capital contribution of Rp. 4.9 billion.
For further insights into SG:5GI stock, check out TipRanks’ Stock Analysis page.
