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GreenUP Senior	01-Mar-2021 21:00        GreenUP About Contact  Quote this Post!
x 0   x 0  Alert Admin	All Oil counters perserve power now. More actions will happen after Opec meeting 4 March.
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benjidog Supreme	01-Mar-2021 20:37        benjidog About Contact  Quote this Post!
x 0   x 0  Alert Admin	all accounted for is it? so like tat...tomorrow Rec is Green Up blesskeemun      ( Date: 01-Mar-2021 19:42) Posted: Reply by REXI IR 1. Please note that during FY2020, all exploration and evaluation assets held on the balance sheet in relation to Block 50 Oman were transferred to oil and gas properties, following the first oil production in 2020. As a result, oil and gas properties in Oman was US$76.27 million as at 31 December 2020. 2. Licences in Oman are governed by Exploration and Production Sharing Agreements (EPSA). The EPSA allows the operator/joint operating partners to recover their costs from a predetermined percentage of the value of total oil production. Masirah Oil is subject to Omani income taxes when profitable, which are paid in full by the government on behalf of Masirah Oil, from the government share of oil under the EPSA.
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blesskeemun Master	01-Mar-2021 19:42        blesskeemun About Contact  Quote this Post!
x 1   x 0  Alert Admin	Reply by REXI IR 1. Please note that during FY2020, all exploration and evaluation assets held on the balance sheet in relation to Block 50 Oman were transferred to oil and gas properties, following the first oil production in 2020. As a result, oil and gas properties in Oman was US$76.27 million as at 31 December 2020. 2. Licences in Oman are governed by Exploration and Production Sharing Agreements (EPSA). The EPSA allows the operator/joint operating partners to recover their costs from a predetermined percentage of the value of total oil production. Masirah Oil is subject to Omani income taxes when profitable, which are paid in full by the government on behalf of Masirah Oil, from the government share of oil under the EPSA.
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benjidog Supreme	01-Mar-2021 14:27        benjidog About Contact  Quote this Post!
x 0   x 0  Alert Admin	For the lovely folks looking forward to good news, My wish is that the wildcat turns out to be a flowing success. Management already upgraded the MOPU to handle 30000 barrels for Yumma wells. When test results for Zakhera announced, likely install additional MOPU with tieback to Yumma side.
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mohamars Member	01-Mar-2021 14:19        mohamars About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have taken a conservative estimate. Addition of test production rate is oversimplification I think. Actual production rates when connected to a MOPU is likely to be less than when they flow separately. It depends on MOPU rate , choke size ...etc which   are fixed or determined by company to produce sustainably without causing any reservoir issues. I could be wrong. This is only my thinking. I think wild cat can give more positive surprises than negative. Worse case cud be a write off of completely well expenses which cud be in range of 5 to 10 million USD. This is in case the well turns out to be dry. If it produces like other Yumna wells, should be a very positive one as it cud open the doors to other potential field. Again only my thinking. God Knows best. ahberngh      ( Date: 01-Mar-2021 09:35) Posted: Why 20000 bpd?? Jumna 1 8000bpd, Jumna 2 9000 bpd, Jumna 3 12000 bpd ??? mohamars      ( Date: 28-Feb-2021 11:11) Posted: I have done a very approximate yearly estimation of a steady state performance after 3 wells start contributing. This may be for CY 2022. No tax treatment here as is unknown. Takes in account only Oman oil and other companies like Lime not taken here. Revenue:  Sale of crude oil      20000 BPD X 300 days X 0.65 ( Masirah Oil %)    X 0.86    ( Rex % in MAsirah) X 60 USD Per BBL= 201 Million USD Service revenue  Cost of sales:  Production and operating                                                  -                      30 Million expenses  (2020H2= 7.986Million ) ‒   Depletion of oil and gas                                                            -                    50 miilion properties  (2020H2=11.469 million ) ‒   Exploration and evaluation                                                -                      expenditure (2020H2=670 K USD)  Cost of services  Gross profit/ (loss)      =    120 million Administration expenses    -                                                                                      20 miilion Other expense Other income Results from operating activities    =                                              100 million Finance income Foreign exchange gain/ (loss) Finance costs Net finance income/ (costs)  Profit/ (loss) before tax    = 100 million  Tax credit  Profit/ (loss) for the period/ year, net of tax  Profit/ (loss) attributable to:  Owners of the Company Non-controlling interests  Profit/ (loss) for the period/ year, net of tax   EPS = 100 million/ 1.34 billion      = 0.075 USD = 10 CENTS SGD
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blesskeemun Master	01-Mar-2021 12:21        blesskeemun About Contact  Quote this Post!
x 0   x 0  Alert Admin	The wildcat will definitely catches a fat oil mouse due to announce on 20 Mar'21. This will be the turning point upwardly....
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vinc3362 Member	01-Mar-2021 10:59        vinc3362 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for the feedback.  Looks like you are right in your reasoning. Appreciate it.
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SAVIORFOREVER Supreme	01-Mar-2021 10:53        SAVIORFOREVER About Contact  Quote this Post!
x 1   x 0  Alert Admin	Still long way to result. BBs no hurry to push up. Push down maybe can get cheaper. Trade with BBs and DYODD benjidog      ( Date: 01-Mar-2021 09:36) Posted: Undervalued is Rex Price will reveal uP Up UP
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benjidog Supreme	01-Mar-2021 09:36        benjidog About Contact  Quote this Post!
x 0   x 0  Alert Admin	Undervalued is Rex Price will reveal uP Up UP
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ahberngh Elite	01-Mar-2021 09:35        ahberngh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why 20000 bpd?? Jumna 1 8000bpd, Jumna 2 9000 bpd, Jumna 3 12000 bpd ??? mohamars      ( Date: 28-Feb-2021 11:11) Posted: I have done a very approximate yearly estimation of a steady state performance after 3 wells start contributing. This may be for CY 2022. No tax treatment here as is unknown. Takes in account only Oman oil and other companies like Lime not taken here. Revenue:  Sale of crude oil      20000 BPD X 300 days X 0.65 ( Masirah Oil %)    X 0.86    ( Rex % in MAsirah) X 60 USD Per BBL= 201 Million USD Service revenue  Cost of sales:  Production and operating                                                  -                      30 Million expenses  (2020H2= 7.986Million ) ‒   Depletion of oil and gas                                                            -                    50 miilion properties  (2020H2=11.469 million ) ‒   Exploration and evaluation                                                -                      expenditure (2020H2=670 K USD)  Cost of services  Gross profit/ (loss)      =    120 million Administration expenses    -                                                                                      20 miilion Other expense Other income Results from operating activities    =                                              100 million Finance income Foreign exchange gain/ (loss) Finance costs Net finance income/ (costs)  Profit/ (loss) before tax    = 100 million  Tax credit  Profit/ (loss) for the period/ year, net of tax  Profit/ (loss) attributable to:  Owners of the Company Non-controlling interests  Profit/ (loss) for the period/ year, net of tax   EPS = 100 million/ 1.34 billion      = 0.075 USD = 10 CENTS SGD
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SAVIORFOREVER Supreme	28-Feb-2021 19:14        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	You believe analysts. Only when Rex confirm find of huge oil reserves. Trade with caution and DYODD blesskeemun      ( Date: 28-Feb-2021 17:35) Posted: Let us wait for new analyst report by UOB KH.
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mohamars Member	28-Feb-2021 18:25        mohamars About Contact  Quote this Post!
x 0   x 0  Alert Admin	Googled. not sure about its veracity. 2 sites gave the same info. Tax paid is deductible from Govt share.    Petroleum income tax Special provisions are applicable to the taxation of income derived from the sale of petroleum. The tax rate specified for such companies is 55%. However, the tax rates are applied on income as determined by the individual Exploration and Production Sharing Agreement entered into between the government of Oman and the company engaged in the sale of petroleum. Under these agreements, the government pays the company&rsquo s share of income tax from amounts withheld from the government&rsquo s share of production. Consequently, the income tax is not actually borne by the company.
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blesskeemun Master	28-Feb-2021 17:35        blesskeemun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let us wait for new analyst report by UOB KH.
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Share7 Veteran	28-Feb-2021 15:45        Share7 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Corporate tax 15%. Personal tax 0%.  vinc3362      ( Date: 28-Feb-2021 14:20) Posted: Just for your info, OMAN oil & gas companies need to pay 55% income tax rate.   mohamars      ( Date: 28-Feb-2021 11:11) Posted: I have done a very approximate yearly estimation of a steady state performance after 3 wells start contributing. This may be for CY 2022. No tax treatment here as is unknown. Takes in account only Oman oil and other companies like Lime not taken here. Revenue:  Sale of crude oil      20000 BPD X 300 days X 0.65 ( Masirah Oil %)    X 0.86    ( Rex % in MAsirah) X 60 USD Per BBL= 201 Million USD Service revenue  Cost of sales:  Production and operating                                                  -                      30 Million expenses  (2020H2= 7.986Million ) ‒   Depletion of oil and gas                                                            -                    50 miilion properties  (2020H2=11.469 million ) ‒   Exploration and evaluation                                                -                      expenditure (2020H2=670 K USD)  Cost of services  Gross profit/ (loss)      =    120 million Administration expenses    -                                                                                      20 miilion Other expense Other income Results from operating activities    =                                              100 million Finance income Foreign exchange gain/ (loss) Finance costs Net finance income/ (costs)  Profit/ (loss) before tax    = 100 million  Tax credit  Profit/ (loss) for the period/ year, net of tax  Profit/ (loss) attributable to:  Owners of the Company Non-controlling interests  Profit/ (loss) for the period/ year, net of tax   EPS = 100 million/ 1.34 billion      = 0.075 USD = 10 CENTS SGD
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vinc3362 Member	28-Feb-2021 14:20        vinc3362 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just for your info, OMAN oil & gas companies need to pay 55% income tax rate.   mohamars      ( Date: 28-Feb-2021 11:11) Posted: I have done a very approximate yearly estimation of a steady state performance after 3 wells start contributing. This may be for CY 2022. No tax treatment here as is unknown. Takes in account only Oman oil and other companies like Lime not taken here. Revenue:  Sale of crude oil      20000 BPD X 300 days X 0.65 ( Masirah Oil %)    X 0.86    ( Rex % in MAsirah) X 60 USD Per BBL= 201 Million USD Service revenue  Cost of sales:  Production and operating                                                  -                      30 Million expenses  (2020H2= 7.986Million ) ‒   Depletion of oil and gas                                                            -                    50 miilion properties  (2020H2=11.469 million ) ‒   Exploration and evaluation                                                -                      expenditure (2020H2=670 K USD)  Cost of services  Gross profit/ (loss)      =    120 million Administration expenses    -                                                                                      20 miilion Other expense Other income Results from operating activities    =                                              100 million Finance income Foreign exchange gain/ (loss) Finance costs Net finance income/ (costs)  Profit/ (loss) before tax    = 100 million  Tax credit  Profit/ (loss) for the period/ year, net of tax  Profit/ (loss) attributable to:  Owners of the Company Non-controlling interests  Profit/ (loss) for the period/ year, net of tax   EPS = 100 million/ 1.34 billion      = 0.075 USD = 10 CENTS SGD
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SAVIORFOREVER Supreme	28-Feb-2021 13:15        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	I need to know why many against buying low. Contra buyers who bought at current price? Investors don't mind buying at higher price? Rex is too cheap now compared to 19++? Trade with awareness and DYODD
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SAVIORFOREVER Supreme	28-Feb-2021 12:31        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	2021 H1 wil know whether you're right. For those punters who already bought at current price, just make sure you can hold unless you're willing to cut loss which is a common practice for seasoned traders. If price goes back up above 18 then remember to take profits if you're contra buyer. Pump and dump process is common in Rex. Yoga123 waited for 175 but if never take profit at above 180++ then sorry. Now have to wait again. Trade with awareness and DYODD mohamars      ( Date: 28-Feb-2021 11:11) Posted: I have done a very approximate yearly estimation of a steady state performance after 3 wells start contributing. This may be for CY 2022. No tax treatment here as is unknown. Takes in account only Oman oil and other companies like Lime not taken here. Revenue:  Sale of crude oil      20000 BPD X 300 days X 0.65 ( Masirah Oil %)    X 0.86    ( Rex % in MAsirah) X 60 USD Per BBL= 201 Million USD Service revenue  Cost of sales:  Production and operating                                                  -                      30 Million expenses  (2020H2= 7.986Million ) ‒   Depletion of oil and gas                                                            -                    50 miilion properties  (2020H2=11.469 million ) ‒   Exploration and evaluation                                                -                      expenditure (2020H2=670 K USD)  Cost of services  Gross profit/ (loss)      =    120 million Administration expenses    -                                                                                      20 miilion Other expense Other income Results from operating activities    =                                              100 million Finance income Foreign exchange gain/ (loss) Finance costs Net finance income/ (costs)  Profit/ (loss) before tax    = 100 million  Tax credit  Profit/ (loss) for the period/ year, net of tax  Profit/ (loss) attributable to:  Owners of the Company Non-controlling interests  Profit/ (loss) for the period/ year, net of tax   EPS = 100 million/ 1.34 billion      = 0.075 USD = 10 CENTS SGD
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SAVIORFOREVER Supreme	28-Feb-2021 12:08        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Next month can verify my expectation prior to any news of oil discoveries. What about those who call for 19 and above? Are they market makers? I'm just cautioning contra buyers. Buy cheap can be cheaper. Just remember that price hit 12++ level after hitting a high of 19++. BBs already amassed enough at that price. Is there any reason for price to move up after reporting FY results? Better safe than sorry. Tomorrow can expect to see below 17? I'm expecting FY2021 to be profitable but their reserves will soon dry up and H1 is still at months away. Trade with buy low sell high and DYODD NhcNeo      ( Date: 28-Feb-2021 09:34) Posted: Wa you sounds like a market maker,keep talking down the counter SAVIORFOREVER      ( Date: 28-Feb-2021 09:07) Posted: 1H 2021 net profit estimates should be at least 40 million but BBs need to get as cheap as possible in order to push up when result is nearing. Price could be stagnant in next two months unless REX announces huge reserves find. Contra buyers need to be very cautious. Long term investors just need to wait or accumulate more if price goes down. Trade with caution and Do Your Own Due Diligence
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Justice888 Supreme	28-Feb-2021 11:47        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Got good news . Talk down . Got bad news talks down more . Maybe not yet reach his target buy price. Maybe below $0.10. He miss it . Haha NhcNeo      ( Date: 28-Feb-2021 09:34) Posted: Wa you sounds like a market maker,keep talking down the counter SAVIORFOREVER      ( Date: 28-Feb-2021 09:07) Posted: 1H 2021 net profit estimates should be at least 40 million but BBs need to get as cheap as possible in order to push up when result is nearing. Price could be stagnant in next two months unless REX announces huge reserves find. Contra buyers need to be very cautious. Long term investors just need to wait or accumulate more if price goes down. Trade with caution and Do Your Own Due Diligence
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mohamars Member	28-Feb-2021 11:11        mohamars About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have done a very approximate yearly estimation of a steady state performance after 3 wells start contributing. This may be for CY 2022. No tax treatment here as is unknown. Takes in account only Oman oil and other companies like Lime not taken here. Revenue:  Sale of crude oil      20000 BPD X 300 days X 0.65 ( Masirah Oil %)    X 0.86    ( Rex % in MAsirah) X 60 USD Per BBL= 201 Million USD Service revenue  Cost of sales:  Production and operating                                                  -                      30 Million expenses  (2020H2= 7.986Million ) ‒   Depletion of oil and gas                                                            -                    50 miilion properties  (2020H2=11.469 million ) ‒   Exploration and evaluation                                                -                      expenditure (2020H2=670 K USD)  Cost of services  Gross profit/ (loss)      =    120 million Administration expenses    -                                                                                      20 miilion Other expense Other income Results from operating activities    =                                              100 million Finance income Foreign exchange gain/ (loss) Finance costs Net finance income/ (costs)  Profit/ (loss) before tax    = 100 million  Tax credit  Profit/ (loss) for the period/ year, net of tax  Profit/ (loss) attributable to:  Owners of the Company Non-controlling interests  Profit/ (loss) for the period/ year, net of tax   EPS = 100 million/ 1.34 billion      = 0.075 USD = 10 CENTS SGD
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