Interra Resources reports that its jointly controlled company Goldpetrol Joint Operating Co has started drilling development well CHK 1195 in the Chauk oil field in Myanmar. CHK 1195 is being drilled using the hired ZJ 750 rig to a total measured depth of 8,695m (2,650ft). Though drilling has started in December, CHK 1195 is the first well to be drilled in the approved 2015 budget. Interra’s share of the cost of drilling is funded from existing funds on hand.
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