Interra reports oil output from S. Sumatra TAC

The following is an edited excerpt from Australia-listed firm Interra Resources Limited on Indonesian production activity, taken from quarterly report ended 30 June 2010 published last week.

Tanjung Miring Timur TAC, onshore South Sumatra (Interra 70%)
The declining oil production at TMT is under technical review by both Interra and the operator. These include ongoing geologic and reservoir engineering studies as well as critical review of field surface and well bore production hardware and practices. The tender process is underway for the acquisition of 3D seismic data which was budgeted for 2010.

In Q2 2010, gross production was 30,990 barrels of oil, a decrease of 9% compared to the previous quarter. Production and development costs for the period were US$775,842 and US$470 respectively. (end of edited excerpt)