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Assuming 15,000bopd x avg usd80 x 365 = usd438 mil estimated revenue for YE 2023...!!!? that' s almost 3 times of rex current market cap of sgd208mil....!! wahaha...
CoolAngler ( Date: 11-Jan-2023 08:59) Posted:
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Yme Field, preliminary production from 23 December to 31 December 2022, net to LPA, was 2,169 bopd, could expect > 8,500bopd on a full month basis + Oman & Brage = > 15,000 bopd..would get closer to expected tgt of 20,000 bopd relatively soon.. ?
Yumna 4 is a new well addition but unclear whether it is an extract from same Yumna reserves or a new reserve as RPS consultants report stated that there were 152MMbbl in 14 prospects close to Yunma field. Hopefully the Khufai' s oil shows will prove commercially viable.
kt3152 ( Date: 10-Jan-2023 16:37) Posted:
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Is yumna4 well a new addition to the production volume?...
Anyone knows what happens to the daily company announcements in SGX.
Now, I usually get a " No data to display" response!!
Now, I usually get a " No data to display" response!!
Wow, good news.
Hope the deeper exploration well gives a big find.
Hope the deeper exploration well gives a big find.
piscesmonkey ( Date: 09-Jan-2023 18:53) Posted:
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Yumna-4 was drilled as a dual objective well to test (a) the eastern extension of the Aruma reservoirs of the Yumna Field and (b) an exploration target below and north-east of the field. The well was successful at the Aruma level, where it penetrated 9.6 metres of net oil pay, consistent with the pre-drill prognosis. The well was completed for production and has flowed at 4,050 bopd. The flow rate has yet to stabilise.
Brent dropped more than $5.
Very soon, Rex will go below 20cents......
When the contributions to forum sharejunction increases, this shows that the counter is trending up and many punters are happy and commented on the share price. Now the opposite is true if the contributions dwindled and the share price is stucked or no movement and trending downwards
wooncs8870 ( Date: 04-Jan-2023 08:44) Posted:
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Yesterday was the better price to enter at 0.215 but today if you can still get it at 0.215, then buy it and wait for it to appreciate in price.
When would be the best price to enter?, it look cheap if oil can remain bet 80-95 for the rest of this year.
The name Xer is just the reverse of Rex and I hope this does not affect the share price per se. If the current price of 0.22 is reverse, it will be 22.0 wishful thinking as how could it be 22? No way will it go to that price in my life. Lol...
L.FATT ( Date: 03-Jan-2023 17:10) Posted:
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Price drop when suddenly shift to drone business is expected. This means the oil business is mot much hope. Trying to shift attention. Drone also not say very famous for rex... Xer. Lol... name also tombalek... stock price also tombalek... might as well load rh.... ha ha....................
It' s a good time to buy the shares now for it to trend higher later in the week as I guessed it might hit 0.23 or 0.24 by end on this week.
boyboy61 ( Date: 03-Jan-2023 12:22) Posted:
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Below 52-week low....
Rex International unit to acquire more shares of commercial drone company
The share acquisition will bump Rex Technology Investments' existing interest in Xer from 40 per cent to about 53 per cent, making the latter a subsidiary of Rex.
A UNIT of Rex International will pay US$1 million to acquire more shares of Xer Technologies, a Singapore-registered commercial drone company.
The move will bump its existing shareholding interest in Xer from 40 per cent to about 53 per cent, making the company a subsidiary of Rex.
Additionally, as part of the deal, the wholly-owned subsidiary Rex Technology Investments (RTI) will have to enter into a shareholders&rsquo agreement that would oblige it in having to inject a capital amount of up to S$3 million if Xer achieves certain technical and sales milestones.
Announcing these in a bourse filing on Friday (Dec 30), the group said the initial consideration of US$1 million and subsequent capital commitment of up to US$3 million are to be fully satisfied in cash, and were determined on a willing buyer, willing seller basis.
The US$1 million acquisition itself entails an agreement to subscribe for 23,809 new shares in Xer, which has a total issued and paid-up share capital of S$1.4 million, comprising 83,333 ordinary shares.
Xer was incorporated in Singapore on Jun 8, 2021, after having acquired 100 per cent of the stake in UAV Development Sweden (UAVDS) for 50,000 Swedish kronor (S$7,900).
UAVDS is a spin-off from a Swedish security company, Nicax Holding, that has been offering commercial drone flying search and rescue and surveillance services since 2011.
In 2019, UAVDS started developing its own durable, long-range multirotor drones that could fly for several hours, when it saw a lack of suitable heavy-duty drones with long flight time on the market.
Xer now develops and builds drones to target clients in areas such as infrastructure inspection, search and rescue operations, public safety and additional applications.
The group highlighted that Xer has just sold its first drone through a tender to the Swedish government and the company is expecting to sell more drones in the first quarter of 2023 with ambitious sales targets for the full year.
RTI first bought shares in the company in July 2021 to diversify from its core business of oil exploration and production to an investment in a promising company in an up-and-coming industry.
Then, it paid US$1 million to buy 33,333 shares, which gave it a 40 per cent stake in Xer, and there was also a similar condition for the acquiring company to commit to a capital injection of up to US$3 million.
The group said since then, Xer has achieved the previous production and testing milestones, save for the sales milestone.
With Brent at 85.91, hopefully Rex can show some movement next week.
Its about whether the company can find more oil to pump selling at the price that can cover the costs of pumping them out profitably.
Catrade ( Date: 29-Dec-2022 00:59) Posted:
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Is it really time to load on this REX since China is opening up from the zero covid restriction?
Looks like all the stars are aligned for rex to chiong... loaded...sit back & relax... enjoy the ride up...