Rex Intl

Rex Intl

Postby winston » Thu Sep 04, 2014 8:31 am

not vested

Rex International Holding Limited is pleased to announce that it intends to place out up to 168 million new ordinary shares through a private placement exercise at a placement price of S$0.57 per Placement Share which will raise gross proceeds of up to approximately S$95.76 million.

The net proceeds of approximately S$93.49 million will be used to settle the liabilities of and to inject working capital into Rex Technology Management Ltd, which the Company announced it was acquiring on 2 September 2014 to fund:-
1. the Group’s field development plans, drilling operations in Oman and Sharjah, the UAE in the third quarter of 2015,
2. increased participation in the number of drilled wells in Norway in 2015 and
3. for existing and potential new business opportunities generated through Rex Virtual Drilling.

The Placement Price of S$0.57 per Placement Share represents a discount of 7.7% to the volume weighted average price of S$0.6176 for each share, based on trades done on the shares on the Catalist of the SGX-ST on 1 September 2014.

Source: Phillips
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Re: Rex Intl

Postby winston » Tue Sep 09, 2014 5:39 pm

not vested

Rex International- A bountiful and fruitful year ahead.
(REXI SP/BUY/S$0.605/Target: S$1.27)
FY14F PE (x): n.m.
FY15F PE (x): n.m.

New technology Rex Gas Indicator added to portfolio. In Aug 14, Rex added Rex Gas Indicator (RGI) to its suite of Rex Technologies (RT).

RGI is able to detect hydrocarbons in the gaseous phase using conventional seismic data. The addition of RGI to its portfolio is expected to give Rex access to new markets (gas prospectivity market), increase the potential in existing and new portfolio as gas prospects can be added to the resource pool, and increase the attractiveness of REX as a partner to other E&P companies.

1H15 early oil production in Oman still on track. Management is in the midst of getting the necessary approvals for technical appraisals from the Ministry of Oil & Gas in Oman.

Early well production is still on track to commence by 1H15, and we understand that production from the well may be about 5,000-6,000 bopd.
Maintain BUY and target price of S$1.27, based on the expected monetary value of Rex’s exploration assets using forecasts from traditional geologist findings

Source: UOBKH
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Re: Rex Intl

Postby behappyalways » Sat Sep 22, 2018 5:12 pm

Rex International targets first oil production in 2H19, may be on cusp of turnaround
https://www.theedgesingapore.com/rex-in ... turnaround
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Re: Rex Intl

Postby behappyalways » Wed Oct 17, 2018 6:27 pm

Rex’s Norway subsidiary divesting stake in non-core Barents Sea asset
https://www.theedgesingapore.com/rex’s-norway-subsidiary-divesting-stake-non-core-barents-sea-asset
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Re: Rex Intl

Postby behappyalways » Thu Jan 31, 2019 8:21 pm

Rex International divesting stakes in Norway assets for up to US$43 mil; stock rises 14.8%
https://www.theedgesingapore.com/rex-in ... -stock-148
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Re: Rex Intl

Postby behappyalways » Tue Aug 13, 2019 2:02 pm

Rex International swings back into the black in 2Q on one-off gain
https://www.theedgesingapore.com/capita ... q-one-gain
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Re: Rex Intl

Postby behappyalways » Tue Aug 20, 2019 5:31 pm

Rex updates on plans for Norway, Oman assets after replenishing war chest to $98 mil
https://www.theedgesingapore.com/news/c ... est-98-mil
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Re: Rex Intl

Postby behappyalways » Sun Jul 11, 2021 6:17 pm

Rex International invests US$4 mil in drone company owned by controlling shareholders
https://www.theedgesingapore.com/news/m ... areholders
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Re: Rex Intl

Postby behappyalways » Fri Jan 14, 2022 10:45 am

Rex International Holding sees increased oil production and positive cash flow for FY2021
https://www.theedgesingapore.com/capita ... -cash-flow
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Re: Rex Intl

Postby behappyalways » Mon Apr 18, 2022 12:59 pm

Rex International subsidiary acquires 40% stake in two North Sea licenses with two discoveries
https://www.theedgesingapore.com/news/o ... iscoveries
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