Interra Resources says unit, Goldpetrol Joint Operating Company Inc., has completed development well YNG 3236 and started drilling for oil recently in the Yenangyaung field in central Myanmar.

Interra has a 60% interest in the improved petroleum recovery contract of the Yenangyaung field and also owns 60% of Goldpetrol which is the operator of the field.

Interra’s share of the cost of drilling was funded from existing funds. This is the fourth consecutive shallow development well to be completed this year.