Interra's success is well in hand

FOR any chief executive, a tripling in revenue and net profit in four years would be cause for celebration.

Not so for Marcel Tjia, who sees it as just a "decent job".

The former private equity partner joined onshore oil and gas producer Interra Resources in mid-2009, when the firm was facing one of its most challenging times since listing in 2003.

Outstanding trade receivables, coupled with a lack of results after a drilling programme in Thailand, meant that the firm had to write off millions of dollars in impairments. The firm also had to scale back work programmes and implement cost-cutting measures as oil prices fell 35 per cent and reduced its revenue.

Four and a half years on, the outlook for the first listed oil producer on the Si…