As stated in the announcement of December 17, 2012 with respect to furnishing updates reflecting noteworthy events during the continued drilling of TMT-55 at the Tanjung Miring Timur ("TMT") field in South Sumatra, Indonesia, Interra Resources Limited announced that its wholly owned subsidiary, Goldwater TMT Pte. Ltd. (GMT) has successfully reached total depth at 1,197 metres. GTMT has 100% working interest in the Technical Assistance Contract of the TMT field and TMT-55 was drilled using an externally contracted rig.

Following wireline electric logging, the prospective reservoir formations will be evaluated to determine zones to be tested via casing perforation.