Interra Resources 5GI has announced that it has been granted a 12-month extension by Singapore Exchange S68 Securities Trading (SGX-ST) to meet the criteria required to be removed from the SGX watch-list.
For its FY2022, the oil producer recorded a consolidated pre-tax profit, fulfilling part of the exit criteria.
However, as at Nov 6, the company had not had an average daily market capitalisation of $40 million or more over the last six months.
The waiver granted to Interra Resources expires on Dec 4, 2024.
Shares in Interra Resources closed unchanged at 3.6 cents on Nov 29.
