Latest Posts By 1oopls
- Master
About 1oopls
|
|
| 28-Mar-2016 19:30 |
Rex Intl
/
Rex International
 Go to Message
|
 x 0
 x 0
|
all the doomssayer change position very fast hor |
| Good Post Bad Post | |
| 28-Mar-2016 19:29 |
Rex Intl
/
Rex International
Go to Message
|
|
x 0
x 0
|
yaya so clever haha. ride the boat yea |
| Good Post Bad Post | |
| 28-Mar-2016 19:28 |
M1
/
M1
Go to Message
|
|
x 0
x 0
|
Good day shorted M1 at 10 am and bought rex at 1pm during lunch. so whats next this wk |
| Good Post Bad Post | |
| 27-Mar-2016 22:31 |
Rex Intl
/
Rex International
Go to Message
|
|
x 0
x 0
|
Chill bro, its a thread meant for Rex, ofc the news will be about Rex and its activities whether be it current or old news. Just a head up on whats their activities. Everyday is a brand new day, nobody knows what tomorrow will bring. I have no bested interest in this counter yet, but i feel it has the potential and will be watching for an opportunity. Be it tomorrow, next week or next time. |
| Good Post Bad Post | |
| 27-Mar-2016 16:10 |
Global Logistic
/
Global Logistic
Go to Message
|
|
x 0
x 0
|
up and down |
| Good Post Bad Post | |
| 26-Mar-2016 16:52 |
GRC
/
OKH resume trading
Go to Message
|
|
x 0
x 0
|
And please don' t always blame BBs, BBs can be eaten by other BBs as well |
| Good Post Bad Post | |
| 26-Mar-2016 16:47 |
GRC
/
OKH resume trading
Go to Message
|
|
x 0
x 0
|
In the end should be thankful for the person who got his shares forcesold. Indeed a rare opportunity. Hope u all huat |
| Good Post Bad Post | |
| 26-Mar-2016 16:06 |
Libra
/
Libra Hldgs
Go to Message
|
|
x 0
x 0
|
Been awhile since any continuation in this thread. Very undervalued stock in my opinion, some interest here perhaps? |
| Good Post Bad Post | |
| 26-Mar-2016 15:38 |
Rex Intl
/
Rex International
Go to Message
|
|
x 0
x 1
|
REX INT' L: Staying steady, looking further out to monetise oil discoveriesYES, there is too much supply of oil these days. And demand? It has not crashed, and continues its long-term trend of rising. Making this point in an interview this week withNextInsight, REX Internantional' s executive chairman, Dan Brostrom, added another positive point about oil. Did you know there' scurrently no significant substitute for oil when it comes to fuel for powering transportation on land and sea and in the air? Vehicle populations, especially in non-developed countries, continue to grow, as does air travel. Demand for fuel will just not collapse. Thus, while oil prices have sunk to US$31 per barrel mainly because of unconstrained production, there will come a time when the significant cutback in investments in new wells and new production areas will cause an imbalance in supply and demand. The result -- price recovery for oil. That' s Mr Brostrom' s reassuring view on the future of oil price. (Dan Brostrom, executive director and chairman of Rex International.) REX International' s market cap on the Singapore Exchange is S$101 million currently (based on stock price of 8 cents). It has fallen sharply from about S$400 million about 12 months ago as the price of oil continued its tumble. The market could have re-rated REX a lot more recently but failed to recognise fully the significance of an oil discovery in Norway that REX participated in. REX has an effective 29.6% working interest in PL338C, south of the Edvard Grieg oilfield in the central North Sea sector of the Norwegian Continental Shelf. Lundin Petroleum, whose subsidiary did the drilling there, has a 50% working interest. After the oil discovery was announced, Lundin' s market cap on the stock exchange in Stockholm jumped the equivalent of S$302.7 million in one day (23 Dec 2015). REX' s market cap did go up also, but by only S$11.4 million. Theoretically, using Lundin' s performance as a reference, REX' s market cap should have soared by S$179 million, which would have nearly tripled REX' s market cap and raised its stock price to about 22 cents. It' s not difficult to explain the disparity: Investors in Stockholm (or Europe, for that matter) are a lot more familiar than Singapore investors with valuations of oil exploration businesses. The company uses its proprietary liquid hydrocarbon indicator Rex Virtual Drilling (RVD) to to pin-point the location of hydrocarbons so that the exploration risk of its portfolio of assets can be substantially lowered. In the 5 wells that Rex participated in Norway in 2015, RVD was accurate in 4, while 1 well was not drilled to the target depth. RVD is said to have a success rate of more than 50% compared to 10-15% for conventional techniques. The company' s goal is to sell its interest in oil discoveries, and not to participate in production which is capital-intensive and to which REX cannot add value. So when might REX monetise its interest in PL338C? REX' s chairman Mr Brostrom said that would have to wait at least until possibly after another well is drilled there this year to establish if there is a lot more oil in the area and if the wells drilled are interconnected with each other. PL338C is in the same area as earlier discoveries in Johan Sverdrup and Edvard Grieg with estimated gross reservoirs of around 4 billion barrels of oil equivalent (1P and 3P) and 187 millionbarrels of oil equivalent (2P), respectively. Then there is Block 50, Oman, where oil has not been discovered for about 30 years until REX did so with the aid of Rex Virtual Drilling. REX, in due course, will monetise this asset -- which covers a sprawling 17,000 sq m and is likely to be far more valuable than PL338C. Norway is the focus of future work for REX through its 98.77% owned Lime Petroleum Norway. Mr Brostrom explains: " There, we have liaised with established players such as Lundin and Statoil, who realise we have some interesting technologies that reduce their risk in drilling. We are going with them into areas that are oil-prolific and where there are already discoveries made and these players have been involved there. " These are logistically built-up areas, and there' s enough work there to keep us busy for some time." The Norwegian government has attracted oil exploration interest through its tax incentives, which benefit Lime Petroleum Norway, as a pre-qualified oil company in Norway. It receives cash tax refunds of 78% of exploration costs annually (regardless of whether it discovers oil or not). Lime Petroleum Norway holds stakes in 19 exploration licences in the Norwegian Continental Shelf and has applied for more in an annual exercise (APA Round) whose results will be announced later this month (Jan). Asked about the capex requirements of REX for 2016, Mr Brostrom said: " We have it all funded for 2016. And the Board' s position is we have to be very prudent with the cash we have." |
| Good Post Bad Post | |
| 25-Mar-2016 19:41 |
Rex Intl
/
Rex International
Go to Message
|
|
x 0
x 1
|
http://rex.listedcompany.com/newsroom/20160317_064023_5WH_LI6NL1N76YQC6GUI.1.pdf |
| Good Post Bad Post | |
| 25-Mar-2016 19:39 |
Rex Intl
/
Rex International
Go to Message
|
|
x 0
x 0
|
REX INTERNATIONAL HOLDING LIMITED (the &ldquo Company&rdquo ) (Company Number: 201301242M) (Incorporated in the Republic of Singapore) UPDATE ON THE USE OF PROCEEDS FROM THE 2014 PLACEMENT Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meanings ascribed to them in the Company&rsquo s announcement dated 17 March 2016, in relation to the subscription of 3,908 new Masirah Oil Ltd (&ldquo MOL&rdquo ) shares by Rex Oman Ltd (&ldquo Rex Oman&rdquo ), an indirect wholly-owned subsidiary of the Company (&ldquo Capital Injection&rdquo ). Rex International Holding Limited (the &ldquo Company&rdquo ) had on 17 September 2014, completed a placement of 168 million new ordinary shares (the &ldquo 2014 Placement&rdquo ), raising net proceeds of S$93.68 million (after deducting placement expenses of S$2.08 million). The Board of Directors of the Company (&ldquo Board&rdquo ) wishes to provide an update on the current status of the use of net proceeds from the 2014 Placement following the Capital Injection: Use of proceeds Amount allocated Amount redeployed Amount utilised Balance S$&rsquo 000 S$&rsquo 000 S$&rsquo 000 S$&rsquo 000 2014 Placement 20% of net proceeds to be used for: Settlement of liabilities of Rex Technology Management (&ldquo RTM&rdquo ) and injection of working capital into RTM to increase capabilities and activities 18,735 - (15,239) (1) 3,496 60% of net proceeds to be used for: - Further field development in Oman - Funding of the drilling of one well in Sharjah in the UAE - Further growth and development of the Group&rsquo s existing sizeable licence portfolio in Norway 56,206 - (38,368) 17,838 20% of net proceeds to be used for: Existing and potential new business opportunities 18,735 - (16,323)(2) 2,412 Total 93,676 - (69,930) 23,746 Notes: (1) US$8.50 million (equivalent to S$11.23 million based on the exchange rate of US$1: S$1.3213) was used for the repayment of the loan in RTM as disclosed in the announcement dated 2 September 2014. The remaining S$4.01 million was used for the settlement of other liabilities in RTM which included trade and other payables, which were assumed by the Group upon completion of the acquisition of RTM. (2) S$13.93 million was used for capital injections in Caribbean Rex, and S$2.39 million was used to subscribe to additional shares in FRAM. The Company will make further periodic announcements on the use of the balance of the net proceeds as and when the funds are materially disbursed, and will provide a status report on the use of the net proceeds in the Company&rsquo s annual report and the interim and full-year financial statements. |
| Good Post Bad Post | |
| 25-Mar-2016 17:40 |
Rex Intl
/
Rex International
Go to Message
|
|
x 0
x 0
|
Don' t know which way it will go, come Monday will swing depending on direction |
| Good Post Bad Post | |
| 25-Mar-2016 17:39 |
Mapletree Ind Tr
/
MAPLETREE Industrial Trust (MIT)
Go to Message
|
|
x 0
x 0
|
Yea good to hold this trust at a good price |
| Good Post Bad Post | |
| 25-Mar-2016 15:17 |
Rex Intl
/
Rex International
Go to Message
|
|
x 0
x 0
|
Cant help but feel Monday will be light nightmare on elm' s street , bloody |
| Good Post Bad Post | |
| 25-Mar-2016 00:49 |
Rex Intl
/
Rex International
Go to Message
|
|
x 0
x 1
|
appear in top volume for a reason |
| Good Post Bad Post | |
| 25-Mar-2016 00:45 |
Global Logistic
/
Global Logistic
Go to Message
|
|
x 0
x 1
|
use trading account, margin |
| Good Post Bad Post | |
| 25-Mar-2016 00:40 |
Thomson Medical
/
Rowsley is brewing!
Go to Message
|
|
x 0
x 0
|
ALready performance so lousy, still got face to issue more shares at higher than market price some more. haha |
| Good Post Bad Post | |
| 24-Mar-2016 19:43 |
Rex Intl
/
Rex International
Go to Message
|
|
x 0
x 0
|
watching a good entry point until i wanna sleep .. dream of T-rex |
| Good Post Bad Post | |
| 24-Mar-2016 19:42 |
Global Logistic
/
Global Logistic
Go to Message
|
|
x 0
x 0
|
Had a good day shorting this counter today since 9am |
| Good Post Bad Post | |
| 23-Mar-2016 21:51 |
Others
/
Let s talk oil.
Go to Message
|
|
x 0
x 0
|
waiting for the next push |
| Good Post Bad Post | |
| First < Newer 361-380 of 598 Older> Last |