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SAVIORFOREVER Supreme	13-Nov-2020 08:43        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bid Bid Vol(K) Ask Ask Vol(K) 0.136 100 0.137 221.7 0.135 20 0.138 535.3 0.134 2,245.6 0.139 264.5 0.133 440 0.140 580 0.132 370 0.141 655 0.131 450 0.142 1,057.3 0.130 459 0.143 1,242 0.129 410 0.144 1,260 Trade with market depth and DYODD
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SAVIORFOREVER Supreme	13-Nov-2020 07:14        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Already mentioned funds is for exploration and drilling activities in Oman and Norway. Third quarter is 65 working days if there's no holiday. Found in Norway reported Nov 2 as below. A gas column of nine metres was found in the shallower Lower Cretaceous Lange Formation. Preliminary analysis suggests a small gas discovery with recoverable reserves of between three and 10 million barrels of oil equivalent. This discovery will be evaluated together with other discoveries and prospects in the vicinity for further exploration and commerciality. Trade with awareness and DYODD SaltyCake      ( Date: 13-Nov-2020 00:23) Posted: Yeap.. so if the cash usage are as such. Shldnt it help to reflect the possible production? SAVIORFOREVER      ( Date: 13-Nov-2020 00:03) Posted: The report is on funds/cash usage for 3rd quarter 2020. They have given the projection for 4th quarter usage. Trade with awareness and DYODD
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yoga123 Elite	13-Nov-2020 01:18        yoga123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Mathematically,   your calculation seems correct while we have to remind ourselves that the key word here is " possible" .   Still, it is largely dependent on several factors such as the overall brent crude oil price,   which I am optimistic that it would remain strongly above $40. SaltyCake      ( Date: 13-Nov-2020 00:23) Posted: Yeap.. so if the cash usage are as such. Shldnt it help to reflect the possible production? SAVIORFOREVER      ( Date: 13-Nov-2020 00:03) Posted: The report is on funds/cash usage for 3rd quarter 2020. They have given the projection for 4th quarter usage. Trade with awareness and DYODD
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SaltyCake Senior	13-Nov-2020 00:23        SaltyCake About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Yeap.. so if the cash usage are as such. Shldnt it help to reflect the possible production? SAVIORFOREVER      ( Date: 13-Nov-2020 00:03) Posted: The report is on funds/cash usage for 3rd quarter 2020. They have given the projection for 4th quarter usage. Trade with awareness and DYODD SaltyCake      ( Date: 12-Nov-2020 23:41) Posted: Hello, do correct me if i am wrong. 1. Oman exploration and drilling cost - 8.6mil 2. Oman Production cost per day is 80k and production unit is 8k barrels 3. If we only assume Oman production... meaning they produced approx for 107days (8.6/80k)  4. Total production (8k/day) = 107 x 8k = 856k barrels @ say $40/barrel = 34.24mil  Will the above be possible? Additionally, they mentioned Norway drilling suppose to start in Aug/ and they started earlier than scheduled. Hence, possible to have even more oil production
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SAVIORFOREVER Supreme	13-Nov-2020 00:03        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	The report is on funds/cash usage for 3rd quarter 2020. They have given the projection for 4th quarter usage. Trade with awareness and DYODD SaltyCake      ( Date: 12-Nov-2020 23:41) Posted: Hello, do correct me if i am wrong. 1. Oman exploration and drilling cost - 8.6mil 2. Oman Production cost per day is 80k and production unit is 8k barrels 3. If we only assume Oman production... meaning they produced approx for 107days (8.6/80k)  4. Total production (8k/day) = 107 x 8k = 856k barrels @ say $40/barrel = 34.24mil  Will the above be possible? Additionally, they mentioned Norway drilling suppose to start in Aug/ and they started earlier than scheduled. Hence, possible to have even more oil production? SAVIORFOREVER      ( Date: 12-Nov-2020 21:43) Posted: Any comments on Rex's usage of funds/ cash? In 3Q FY2020, US$8.57 million was used for production activities in Oman and US$4.89 million was used for exploration related activities Norway. US$1.62 million was used for the Singapore and Rex Technology Management Ltd offices? staff costs, operational expenses, and consultancy and professional fees. Don't understand below statement after projection of next quarter. Where did US$18.95 million comes from? "In 3Q FY2020, the Group incurred US$18.95 million and US$8.57 million for exploration and drilling activities in Norway and Oman respectively." How much can Rex make in 3rd quarter from selling oil? Seems like third quarter not making money if they are selling it at US$40 Trade with ? and DYODD
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yoga123 Elite	12-Nov-2020 23:49        yoga123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Frankly,   I doubt its a typo error,   it will probably be elaborated further when the company releases its annual report in the near future. SAVIORFOREVER      ( Date: 12-Nov-2020 23:31) Posted: SGX need to make queries. Maybe typo from Chairman. Trade with OMG and DYODD yoga123      ( Date: 12-Nov-2020 22:58) Posted: When I read it initially,   I was also looking out for the actual derivation of that US$18.95 million amount. However,   I believe it may be derived based on the following statement,   do you agree ?     " Net of tax refund receivables from the Norwegian tax authorities in relation to the exploration costs incurred in Norway.  Lime Petroleum AS (&ldquo LPA&rdquo )  is a pre-qualified oil company in Norway which is eligible to receive a cash tax refund of 78% of exploration costs annually."
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SaltyCake Senior	12-Nov-2020 23:41        SaltyCake About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Hello, do correct me if i am wrong. 1. Oman exploration and drilling cost - 8.6mil 2. Oman Production cost per day is 80k and production unit is 8k barrels 3. If we only assume Oman production... meaning they produced approx for 107days (8.6/80k)  4. Total production (8k/day) = 107 x 8k = 856k barrels @ say $40/barrel = 34.24mil  Will the above be possible? Additionally, they mentioned Norway drilling suppose to start in Aug/ and they started earlier than scheduled. Hence, possible to have even more oil production? SAVIORFOREVER      ( Date: 12-Nov-2020 21:43) Posted: Any comments on Rex's usage of funds/ cash? In 3Q FY2020, US$8.57 million was used for production activities in Oman and US$4.89 million was used for exploration related activities Norway. US$1.62 million was used for the Singapore and Rex Technology Management Ltd offices? staff costs, operational expenses, and consultancy and professional fees. Don't understand below statement after projection of next quarter. Where did US$18.95 million comes from? "In 3Q FY2020, the Group incurred US$18.95 million and US$8.57 million for exploration and drilling activities in Norway and Oman respectively." How much can Rex make in 3rd quarter from selling oil? Seems like third quarter not making money if they are selling it at US$40 Trade with ? and DYODD
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SAVIORFOREVER Supreme	12-Nov-2020 23:31        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX need to make queries. Maybe typo from Chairman. Trade with OMG and DYODD yoga123      ( Date: 12-Nov-2020 22:58) Posted: When I read it initially,   I was also looking out for the actual derivation of that US$18.95 million amount. However,   I believe it may be derived based on the following statement,   do you agree ?     " Net of tax refund receivables from the Norwegian tax authorities in relation to the exploration costs incurred in Norway.  Lime Petroleum AS (&ldquo LPA&rdquo )  is a pre-qualified oil company in Norway which is eligible to receive a cash tax refund of 78% of exploration costs annually." SAVIORFOREVER      ( Date: 12-Nov-2020 21:43) Posted: Any comments on Rex's usage of funds/ cash? In 3Q FY2020, US$8.57 million was used for production activities in Oman and US$4.89 million was used for exploration related activities Norway. US$1.62 million was used for the Singapore and Rex Technology Management Ltd offices? staff costs, operational expenses, and consultancy and professional fees. Don't understand below statement after projection of next quarter. Where did US$18.95 million comes from? "In 3Q FY2020, the Group incurred US$18.95 million and US$8.57 million for exploration and drilling activities in Norway and Oman respectively." How much can Rex make in 3rd quarter from selling oil? Seems like third quarter not making money if they are selling it at US$40 Trade with ? and DYODD
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yoga123 Elite	12-Nov-2020 22:58        yoga123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	When I read it initially,   I was also looking out for the actual derivation of that US$18.95 million amount. However,   I believe it may be derived based on the following statement,   do you agree ?     " Net of tax refund receivables from the Norwegian tax authorities in relation to the exploration costs incurred in Norway.  Lime Petroleum AS (&ldquo LPA&rdquo )  is a pre-qualified oil company in Norway which is eligible to receive a cash tax refund of 78% of exploration costs annually." SAVIORFOREVER      ( Date: 12-Nov-2020 21:43) Posted: Any comments on Rex's usage of funds/ cash? In 3Q FY2020, US$8.57 million was used for production activities in Oman and US$4.89 million was used for exploration related activities Norway. US$1.62 million was used for the Singapore and Rex Technology Management Ltd offices? staff costs, operational expenses, and consultancy and professional fees. Don't understand below statement after projection of next quarter. Where did US$18.95 million comes from? "In 3Q FY2020, the Group incurred US$18.95 million and US$8.57 million for exploration and drilling activities in Norway and Oman respectively." How much can Rex make in 3rd quarter from selling oil? Seems like third quarter not making money if they are selling it at US$40 Trade with ? and DYODD
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SAVIORFOREVER Supreme	12-Nov-2020 21:43        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any comments on Rex's usage of funds/ cash? In 3Q FY2020, US$8.57 million was used for production activities in Oman and US$4.89 million was used for exploration related activities Norway. US$1.62 million was used for the Singapore and Rex Technology Management Ltd offices? staff costs, operational expenses, and consultancy and professional fees. Don't understand below statement after projection of next quarter. Where did US$18.95 million comes from? "In 3Q FY2020, the Group incurred US$18.95 million and US$8.57 million for exploration and drilling activities in Norway and Oman respectively." How much can Rex make in 3rd quarter from selling oil? Seems like third quarter not making money if they are selling it at US$40 Trade with ? and DYODD
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SAVIORFOREVER Supreme	12-Nov-2020 16:15        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any shortists killer here? Need 1 million sgd. Trade with naked shortists and DYODD
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SAVIORFOREVER Supreme	12-Nov-2020 16:11        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	You ask why medical stocks go down but you need to know what level it came up from. Big profit taking. Trade with caution and DYODD sallylow      ( Date: 12-Nov-2020 15:12) Posted: rex has always been a penny stock and still is SAVIORFOREVER      ( Date: 12-Nov-2020 15:08) Posted: Medtecs used to be a penny stock. Trade with caution and DYODD
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sallylow Veteran	12-Nov-2020 15:12        sallylow About Contact  Quote this Post!
x 0   x 0  Alert Admin	rex has always been a penny stock and still is SAVIORFOREVER      ( Date: 12-Nov-2020 15:08) Posted: Medtecs used to be a penny stock. Trade with caution and DYODD sallylow      ( Date: 12-Nov-2020 14:39) Posted: weird is medical go down when virus surge lo
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SAVIORFOREVER Supreme	12-Nov-2020 15:10        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Block at 139 Bid Bid Vol(K) Ask Ask Vol(K) 0.136 410 0.137 337.8 0.135 1,239.4 0.138 667.4 0.134 2,355.9 0.139 1,164.5 0.133 698 0.140 602.3 0.132 363 0.141 1,213 0.131 320 0.142 1,424.7 0.130 475 0.143 1,702 Trade with awareness and DYODD
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SAVIORFOREVER Supreme	12-Nov-2020 15:08        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Medtecs used to be a penny stock. Trade with caution and DYODD sallylow      ( Date: 12-Nov-2020 14:39) Posted: weird is medical go down when virus surge lol guards80      ( Date: 12-Nov-2020 14:31) Posted: Look like every stocks also go down virus surge
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SAVIORFOREVER Supreme	12-Nov-2020 14:55        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Persistent sellers 136. Bid Bid Vol(K) Ask Ask Vol(K) 0.135 1,265.3 0.136 72.2 0.134 2,355.9 0.137 307.8 0.133 593 0.138 617.4 0.132 363 0.139 1,164.5 0.131 320 0.140 602.3 0.130 475 0.141 1,213 0.129 90 0.142 1,424.7 Trade with caution no contra no short and DYODD
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sallylow Veteran	12-Nov-2020 14:39        sallylow About Contact  Quote this Post!
x 0   x 0  Alert Admin	weird is medical go down when virus surge lol guards80      ( Date: 12-Nov-2020 14:31) Posted: Look like every stocks also go down virus surge
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guards80 Supreme	12-Nov-2020 14:31        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Look like every stocks also go down virus surge
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SAVIORFOREVER Supreme	12-Nov-2020 14:26        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bid Bid Vol(K) Ask Ask Vol(K) 0.135 1,335.3 0.136 610 0.134 2,330.6 0.137 177.8 0.133 513 0.138 381.4 0.132 225 0.139 1,164.5 0.131 320 0.140 672.3 0.130 405 0.141 1,213 0.129 90 0.142 1,424.7 Trade with caution and DYODD
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SAVIORFOREVER Supreme	12-Nov-2020 12:25        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rex didn't stay long above 140. Sell on strength buy on weakness is the way. Trade with caution no contra no short and DYODD
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