22 December 2004, Singapore
INTERRA RESOURCES LIMITED
Company Registration No. 197300166Z
SGX ANNOUNCEMENT
SGX Code: Interra Res (5GI)
10 December 2014
THE PROPOSED ACQUISITION OF EQUITY INTERESTS IN
PT BENAKAT OIL, PT INDELBERG INDONESIA, PT BINTANG SUKSES NASIONAL AND PT BENAKAT BARAT PETROLEUM
The board of directors (the "Board") of Interra Resources Limited (the "Company")
refers to its announcements dated 3 September 2013, 16 September 2013, 23
September 2013, 2 June 2014, 2 July 2014, 1 August 2014, 23 August 2014 , 20
November 2014 and 2 December 2014 relating to the Proposed Acquisition (the "Announcements"). Capitalised terms not defined herein shall bear the same meanings ascribed to them in the Announcements.
The Board wishes to announce that the Longstop Date of 10 December 2014 in relation to the Proposed Acquisition has now expired and consequently, the Sale and Purchase Agreement dated 3 September 2013, the Joint Operating Agreement dated
3 September 2013 and the Supplemental Agreement dated 22 August 2014 have all terminated. The parties are negotiating and exploring the possibility of entering into a different transaction, the details of which will be announced if an agreement is reached.
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 SGX Mainboard, 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. We are positioning ourselves to become a leading regional independent producer of oil and gas.
Interra Resources Limited 1 Grange Road #05-04 Orchard Building Singapore 239693 Tel (65) 6732 1711 Fax (65) 6738 1170 www.interraresources.com