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Rex revival
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benjidog
Supreme |
04-Oct-2021 11:37
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Those bot 210/215...Huat Huat...see 235? | ||||
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kiattttt
Veteran |
04-Oct-2021 10:54
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Hearsay after lunch hours 0.22 will be bought up
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kiattttt
Veteran |
04-Oct-2021 10:39
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Lets see it break 0.25 this week! | ||||
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benjidog
Supreme |
04-Oct-2021 09:56
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PRESS RELEASE Rex subsidiary participates in Norwegian Sea exploration well ? Participation in high-risk / high-reward exploration well ? LPA?s net cost to be partly defrayed by US$550,000 raised from option agreement ? Brage acquisition expected to be completed in October 2021 SINGAPORE, 1 October 2021 ? Rex International Holding Limited (?Rex International Holding?, ?Rex? or the ?Company?, and together with its subsidiaries, the ?Group?), a technology-driven oil exploration and production company, is pleased to announce that the operator, PGNiG Upstream Norway AS (previously INEOS E&P Norge AS), has started drilling an exploration well in the Norwegian Sea licences PL937/B on 29 September 2021. Rex?s 90 per cent subsidiary Lime Petroleum AS (?LPA?) has 15 per cent interests in the licences. The well targets the Fat Canyon prospect, located in the well-known Jurassic reservoir. LPA has applied its rigorous evaluation process combining conventional geological and geophysical (G&G) workflow with the Group?s proprietary Rex Virtual Drilling technology on this prospect. Mr Dan Broström, Executive Chairman of Rex International Holding, said, ?While LPA is transforming into a full-fledged exploration and production company with its acquisition of a 33.84 per cent interest in the producing Brage Field that will add about 3,400 barrels of oil equivalent per day (net) to the Group?s current oil production in Oman, LPA is also continuing with its exploration activities to unlock more potential value in its assets. The Fat Canyon prospect is a high-risk / high-reward opportunity. LPA has hedged the downside by US$550,000 raised from the options agreement signed with Trace Atlantic in 2020, making this an attractive proposition.? The licences PL937 and PL937B are located in Frøya High in the Norwegian Sea. The Borgland Dolphin semi-submersible drilling rig, which has been found by Rystad Energy to have the lowest CO2 emissions among the rigs currently operating on the Norwegian Continental Shelf, will be used to drill the well about 15 kilometres south of 6406/12-4 S (Boomerang) on the Fenja field. The water depth at the site is 241 metres, and the well should take at least 40 days to complete. In May 2021, LPA announced that it had conducted a review on the operator?s Health, Safety, Environment and Quality (HSEQ) management system and found it to have good HSEQ coverage, with no missing elements and no non-compliance to the relevant HSEQ regulations. In June 2021, LPA announced its acquisition of a 33.84 per cent stake in Norway?s producing Brage Field. Output from the Brage Field of an estimated 3,440 barrels of oil equivalent per day (net) is expected to add another leg to the Group?s current oil production in Oman (approximately 11,772 barrels of oil per day (gross) between March and August 2021), with effect from 1 January 2021, upon completion of the acquisition, which is expected to be in October 2021. PGNiG Upstream Norway AS?s acquisition of INEOS Energy?s oil and gas interests in production, licences, fields, facilities and pipelines on the Norwegian Continental Shelf was completed on 30 September 2021. | ||||
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kiattttt
Veteran |
01-Oct-2021 22:05
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Easily i would say. I foresee a dividend or special dividend with this result. Still so undervalued
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blesskeemun
Master |
01-Oct-2021 18:29
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As current Brent price is for Dec'21 contract and latest news of completion of Brage deal in Oct'21. Oman and Brage constantly produce 12kb/d and 3.5kb/d. So I am sure Rex will pocket US$115Mto US$120M in FY 2021. | ||||
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kiattttt
Veteran |
01-Oct-2021 16:49
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Lots of throwing and absorbing and buying up. I like what i am seeing | ||||
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kiattttt
Veteran |
01-Oct-2021 16:17
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Hold tight to see it break 0.25 next week! | ||||
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benjidog
Supreme |
01-Oct-2021 10:53
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Those buy 215 see 235 ??? | ||||
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phongy45
Senior |
01-Oct-2021 10:38
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REX ... cheong huh ... TGIF
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powermikeln
Veteran |
01-Oct-2021 09:02
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REX Strong! Huat gao gao today! | ||||
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stanip
Veteran |
30-Sep-2021 20:52
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Inflation will hit all of us every where .... Interest going up soon, house/confo prices already gone up, food prices, now electricity/gas... We need Rex gains to help pay for this... :) |
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SAVIORFOREVER
Supreme |
30-Sep-2021 17:19
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News extract
Electricity tariff for households to increase by 3.1% for October to December period. Trade with alamak and DYODD
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SAVIORFOREVER
Supreme |
30-Sep-2021 12:56
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When oil up, your monthly bills also up.
Everything up. Who suffers the most? Trade with sympathy and DYODD |
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stanip
Veteran |
29-Sep-2021 15:52
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Same conclusion here... Am buying on the dips. The upside (30% to just 270) is so much more than the downside (13% back to recent low at 185). A very good bet.
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benjidog
Supreme |
29-Sep-2021 14:31
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based on what you posted, current price is quite under-priced. should be low 27 cents higher = 31 cents if madness ensues, between 33-36 possible
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stanip
Veteran |
29-Sep-2021 12:59
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Extract from Rex Aug 18 managemetn update: " Rex reported a 1H2021 PATMI of US$23.9mn, making up 21% of our updated full-year forecast of US$115.3mn." IF this forecast materilizes, this will translate to Singapore $156m profit. Project PE ratio is 1.75! |
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SAVIORFOREVER
Supreme |
29-Sep-2021 11:39
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Just buy oil if want to make money from oil.
Trade with caution and DYODD |
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benjidog
Supreme |
29-Sep-2021 10:06
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My personal thoughts :--- The RIGHT question we should ask is whether oil futures price has any co-relation with Rex share price? .....I say "Yes !!!". But retail has been fooled many times by BB wash and rinse, so retail players developed what I termed as "Sianz Resistance" and become "scared". If weather forecast is to be believed, it going to be a cold winter...so oil and gas demand likely to be high...keeping oil prices UP. So, if oil price is UP?...will Rex price be UP too? | ||||
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stanip
Veteran |
29-Sep-2021 09:48
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This is exactly the 2 diversed views at global level: bull vs bear on oil. The majority seems to be on the bull side. How To Play The Oil And Gas Bull RunBy Alex Kimani - Sep 28, 2021, 5:00 PM CDT
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