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Rex Intl
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Singtel Bullish???
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boringguy
Member |
14-Sep-2023 13:19
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Sorry correction is per day not per month. Production costs Yumna Field, Oman: Estimated production expenses: US$80,000 per day 2 fields - Brage and Yme Fields, Norway: Estimated production expenses: US$160,000 per day very surprise the share price move up and attract buy call. just to point out. the ESP failura on Jun 2023, on september 2023 carry out maintenance and leaking happen plus change MOPU. now using gas lift up as alternative for ESP, thus production for september and Oct will consider gone... only expect november. the different between ESP and gas lift. The ESP results showed the durability of ESP regarding the increment of water cut value, on the other hand Gas lift design was restricted to surface injection pressure and injected gas volume which in return causes a restriction to production rate specially when water cut value increases. Friend who at off shore production... he share me if the production upgrade to ESP will be good because constant lift the oil, but if the ESP to gas lift will not produce more oil due to water level and pressure.
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CoolAngler
Senior |
14-Sep-2023 09:30
Yells: "Sky's The Limit!" |
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I think there' s more upside... :)
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piscesmonkey
Supreme |
14-Sep-2023 09:30
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mermaid chasing up with rex see who the top today :) | ||||
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CoolAngler
Senior |
14-Sep-2023 09:29
Yells: "Sky's The Limit!" |
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boyboy61
Supreme |
14-Sep-2023 09:26
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Sell when people buying, buy when people selling..........
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TraderBen
Supreme |
14-Sep-2023 09:21
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i locked in profits at 171.. good ride .. thanks BBs! time to make do some charity! Huats to all |
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CoolAngler
Senior |
14-Sep-2023 09:18
Yells: "Sky's The Limit!" |
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Woohoo.. Very strong foreign houses buying... Reaching your target very soon.. TraderBen...
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FrancisLim
Elite |
14-Sep-2023 08:54
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Its 100 per cent owned oilfield Yuma peaked at 14,000 stb/p in 2021 and at its height averaged 12,000 stb/p In August 2023, it produced 535 stb/d - only produced for 9 days, the other days fixing problems and early maintenance. Its 33.3 per cent equity interest in Brage filed is improving its oil production. The other 10 per cent interest is not significant. What is it going to do with its much touted Oman oilfield - decommission? That will incur costs. |
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wehuattogether88
Supreme |
14-Sep-2023 08:42
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REX likely going back up to above 17 cents if oil price continue to be at above USD 90s for Brent Oil. | ||||
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ssw518
Supreme |
14-Sep-2023 08:31
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add few more info 1) average realised oil sale price of US$76.17 per barrel for 1H 2) 1H revenue 106m, profit 3.6m, eps 0.31 sg cents 3) average brent px had been constantly above US$80 for 2H so far and expert say lightly higher in Q4 with increase in production don' t see reason it can end in the red for 2H. key take away for 1H is no div and lower prodn missed match with market, in fact I saw someone comment it came in better than RH (never check) At least for now, with oil trading at above 90, can expect rex to move towards 200, For those who hope to see the record high of 450 in 2019, sad to say won' t happen unless output can reach much higher. vested dyodd
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wehuattogether88
Supreme |
13-Sep-2023 17:52
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Rex provides business and strategy update
-Company remains committed to its core oil & gas business for the foreseeable future -Production from Norway in August 2023 totalled 7,726 barrels of oil equivalent per day (boepd), a 182% year-on-year increase with the addition of production from the Yme Field -Total production of 8,259 boepd in August 2023 from Norway and Oman* -Tax receivables of US$63.6 million from the Norwegian tax authorities in November 2023 will have positive impact on cash available within the Group -On the lookout to acquire more production / near producing oil & gas projects to increase reserves and daily production -Board renewal at Company and subsidiaries. |
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dontbetray
Master |
13-Sep-2023 16:47
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noted paul lee
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boyboy61
Supreme |
13-Sep-2023 15:51
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Notice that buy programming in place. Once there is a sell to 16.6, a buy order of 800 shares will be put into action in about 6 secs for 16.7 | ||||
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easywin
Supreme |
13-Sep-2023 15:21
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Market sentiment is bad buy why Rex out performing leh? | ||||
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FrancisLim
Elite |
13-Sep-2023 15:14
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If the company just focus on investing in other oilfield operators like in Norway, it shall be doing fine. No need to have huge admin expenses, mgt expenses and BOD expenses. Also, no need to get into disclosure issue on IPTs. Its 100 per cent Oman oilfield is producing only 533 sbp/d. Might as well decommision. |
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boringguy
Member |
13-Sep-2023 13:26
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Yup.. the operation cost for oman 80k per month and norway 240k per months. with the current barrels per day they have, i dont think it will enough to cover operation cost and unexpected cost for repair and upgrade... hopefully coming production increase and all the issues solve.. but also depend whether the oil price remain high price or not.. otherwise expect another loss profit
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boyboy61
Supreme |
13-Sep-2023 13:25
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Doubt so. I believe still has a lot of stale bulls
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TraderBen
Supreme |
13-Sep-2023 13:01
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lets go!!
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FrancisLim
Elite |
13-Sep-2023 11:50
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&ldquo Muscat, 4 May 2021: Masirah Oil Limited (&ldquo MOL&rdquo ) today announced that gross oil production in April 2021 from the Yumna Field in offshore Block 50 Oman, amounted to 12,210 stock tank barrels per day (stb/d). August 2023 - Yuma oilfield 533 stb/d Incurred costs in restoring leakages and brought forward maintenance. |
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Stocky901
Supreme |
13-Sep-2023 10:52
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Today no problem to hit 0.170.. just wait & see..🧐
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