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SAVIORFOREVER Supreme	14-Aug-2020 00:08        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	It's noir profitable b'cos of cheap oil. Trade with awareness and DYODD MtFaber      ( Date: 13-Aug-2020 23:52) Posted: Please be realistic. How can any business be profitable within the first few months? Oil don' t just flow out for free! You need machineries, manpower and other overheads to pump it out not forgettting the taxes need to be paid. Even drilling if started in Norway will not be profitable in the initial phase. So you need to give Rex time to accumulate revenues. However the deciding factor is still demand for oil to go up.
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SAVIORFOREVER Supreme	14-Aug-2020 00:05        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	All the best to your short. I'll just wait for the dusk to settle. Lucky I sold 185 today. Tomorrow can buy lower maybe 170? Trade with caution no contra no short and DYODD Justice888      ( Date: 13-Aug-2020 23:49) Posted: Shld short tomorrow. Sure huat SAVIORFOREVER      ( Date: 13-Aug-2020 23:34) Posted: So tomorrow sell REX? Gap down? Will BBs force contra buyers to sell below 180? Trade with caution no contra no short and DYODD
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Invest1 Elite	14-Aug-2020 00:01        Invest1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyway. I also don' t recommend shorting this as people are controlling this stock. Just get out if you do not want to get burnt here...I have been warning since last year.... Invest in more profitable companies than this.... Justice888      ( Date: 13-Aug-2020 23:49) Posted: Shld short tomorrow. Sure huat SAVIORFOREVER      ( Date: 13-Aug-2020 23:34) Posted: So tomorrow sell REX? Gap down? Will BBs force contra buyers to sell below 180? Trade with caution no contra no short and DYODD
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Justice888 Supreme	14-Aug-2020 00:00        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	March confirm no. Now why no ?? Can give details ? Invest1      ( Date: 13-Aug-2020 23:53) Posted: Did u tell them that I ask people to buy Medtec than Rex in March? Please look longer term, not a few days.  Justice888      ( Date: 13-Aug-2020 23:32) Posted: 6th Aug u commented on Dbs Likely to go down soon. Bad debts can go higher. Wat is Dbs price today
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Invest1 Elite	13-Aug-2020 23:53        Invest1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Did u tell them that I ask people to buy Medtec than Rex in March? Please look longer term, not a few days.  Justice888      ( Date: 13-Aug-2020 23:32) Posted: 6th Aug u commented on Dbs Likely to go down soon. Bad debts can go higher. Wat is Dbs price today ? Invest1      ( Date: 13-Aug-2020 23:28) Posted: Please get out of this share as fast as possible. Don' t love this share.
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MtFaber Senior	13-Aug-2020 23:52        MtFaber About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	Please be realistic. How can any business be profitable within the first few months? Oil don' t just flow out for free! You need machineries, manpower and other overheads to pump it out not forgettting the taxes need to be paid. Even drilling if started in Norway will not be profitable in the initial phase. So you need to give Rex time to accumulate revenues. However the deciding factor is still demand for oil to go up.
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Justice888 Supreme	13-Aug-2020 23:49        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shld short tomorrow. Sure huat SAVIORFOREVER      ( Date: 13-Aug-2020 23:34) Posted: So tomorrow sell REX? Gap down? Will BBs force contra buyers to sell below 180? Trade with caution no contra no short and DYODD Invest1      ( Date: 13-Aug-2020 23:28) Posted: Please get out of this share as fast as possible. Don' t love this share.
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yoga123 Elite	13-Aug-2020 23:47        yoga123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro,   you just need to believe in yourself,   set a target price to sell and adhere to it strictly to maximise profits.   Patience is the key.       SAVIORFOREVER      ( Date: 13-Aug-2020 23:34) Posted: So tomorrow sell REX? Gap down? Will BBs force contra buyers to sell below 180? Trade with caution no contra no short and DYODD Invest1      ( Date: 13-Aug-2020 23:28) Posted: Please get out of this share as fast as possible. Don' t love this share.
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raiishin Member	13-Aug-2020 23:35        raiishin About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am long on Rex. Why? I am investing not trading.
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SAVIORFOREVER Supreme	13-Aug-2020 23:34        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	So tomorrow sell REX? Gap down? Will BBs force contra buyers to sell below 180? Trade with caution no contra no short and DYODD Invest1      ( Date: 13-Aug-2020 23:28) Posted: Please get out of this share as fast as possible. Don' t love this share.
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Justice888 Supreme	13-Aug-2020 23:32        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	6th Aug u commented on Dbs Likely to go down soon. Bad debts can go higher. Wat is Dbs price today ? Invest1      ( Date: 13-Aug-2020 23:28) Posted: Please get out of this share as fast as possible. Don' t love this share.
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Justice888 Supreme	13-Aug-2020 23:30        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Invest1      ( Date: 13-Aug-2020 23:28) Posted: Please get out of this share as fast as possible. Don' t love this share.
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Invest1 Elite	13-Aug-2020 23:28        Invest1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Please get out of this share as fast as possible. Don' t love this share.
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Justice888 Supreme	13-Aug-2020 23:28        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	We all know SIA is heavily shorted . The more shorts a stock have the easier it is for it to recover . Short covering . But it will always be pump and dump and pump and dump . SAVIORFOREVER      ( Date: 13-Aug-2020 23:14) Posted: SIA lose 1.2 billion dollars with dim recovery hopes and share price already recovered from low of 320 to current 372 within less than two weeks. SIA got Temasek. REX lost 23.03 millions with promise of better prospects in the coming months but will the price drop below 180 tomorrow? REX got who to support? Institution? Is it a good time to accumulate tomorrow or wait for the dust to settle? Trade with anticipation and DYODD 98mich98      ( Date: 13-Aug-2020 22:12) Posted: Absent of start up cost will contilribute higher profit for FY21-22. Long term is good. Maybe can acc for next hr result when prices are attractive
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98mich98 Master	13-Aug-2020 23:28        98mich98 About Contact  Quote this Post!
x 0   x 0  Alert Admin	14m revenue for 3 mths at half price? Next 6 mths willnhave revenje 56m? Full yr will be in profit? SAVIORFOREVER      ( Date: 13-Aug-2020 23:14) Posted: SIA lose 1.2 billion dollars with dim recovery hopes and share price already recovered from low of 320 to current 372 within less than two weeks. SIA got Temasek. REX lost 23.03 millions with promise of better prospects in the coming months but will the price drop below 180 tomorrow? REX got who to support? Institution? Is it a good time to accumulate tomorrow or wait for the dust to settle? Trade with anticipation and DYODD 98mich98      ( Date: 13-Aug-2020 22:12) Posted: Absent of start up cost will contilribute higher profit for FY21-22. Long term is good. Maybe can acc for next hr result when prices are attractive
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SAVIORFOREVER Supreme	13-Aug-2020 23:14        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	SIA lose 1.2 billion dollars with dim recovery hopes and share price already recovered from low of 320 to current 372 within less than two weeks. SIA got Temasek. REX lost 23.03 millions with promise of better prospects in the coming months but will the price drop below 180 tomorrow? REX got who to support? Institution? Is it a good time to accumulate tomorrow or wait for the dust to settle? Trade with anticipation and DYODD 98mich98      ( Date: 13-Aug-2020 22:12) Posted: Absent of start up cost will contilribute higher profit for FY21-22. Long term is good. Maybe can acc for next hr result when prices are attractive
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yoga123 Elite	13-Aug-2020 23:05        yoga123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oman oil production a game changing start for Rex in 1H FY2020 Operational revenue of US$14.57 million net of government take from first three oil liftings in Oman from April to June The oil price per barrel for sales between April and June was at an unprecedented low with the average realised price at about half of the current August 2020 price of US$45 a barrel rebound in oil price bodes well for 2H FY2020 revenue Management estimates current operating costs in Oman to be about US$80,000 per day The Group remains long-term debt-free cash and cash equivalents and quoted  investments totalled US$39.24 million as at 30 June 2020 Exploration drilling in Appolonia prospect in Norway now expected in late August / early September and  development of Shrek discovery of 6.4 mmboe* proceeding according to plan SINGAPORE, 13 August 2020  &ndash   Rex International Holding Limited  (&ldquo Rex International Holding&rdquo , &ldquo Rex&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ),  a technology-driven oil company, today announced its financial results for the six-month period ended 30 June 2020  (&ldquo 1H FY2020&rdquo ). Mr Dan Brostrom, Executive Chairman of Rex, said, &ldquo Our progress from oil exploration to  oil production is a game changing start for the Company. The Yumna 1 production facilities are now permanent, with operating costs of about US$80,000 per day. Sale of the Masirah crude started in April 2020 in the second quarter, when Brent oil price was at unprecedented lows due to the Covid- 19 pandemic. The oil price per barrel for sales between April and June was about half of the current August 2020 price of US$45 a barrel. We are going into the rest of 2020 with improved contributing factors, with Brent oil price at a more stable a range of about US$45 per barrel. We remain in a good financial position and will now book recurrent income from production in the Yumna field in Oman. This will enable us to develop Block 50 according to the Field Development Plan approved by the Ministry of Oil and Gas in Oman. Within January 2021, the Yumna 2 well will be drilled and during 2021, there will be an exploration well from one of our already identified prospects.&rdquo   The Group recorded revenue of US$14.57 million in 1H FY2020, compared to nil revenue generated by the Group in 1H FY2019, mainly due to oil sales in Oman in April, May and June 2020. The Group recorded total loss after tax of US$23.03 million in 1H FY2020, as compared to total profit after tax of US$25.23 million in 1H FY2019, due to high start-up costs, low realised oil prices and the depletion of oil and gas properties.   As at 30 June 2020, the Group&rsquo s cash and cash equivalents and quoted investments totalled US$39.24 million (31 December 2019: US$61.93 million), with cash and cash equivalents at US$14.21 million (31 December 2019: US$21.93 million) and quoted investments at US$25.03 million (31 December 2019: US$40.00 million). The Group remains long-term debt-free. On 17 July 2020, Rex announced that the Ministry of Oil and Gas in Oman has on 12 July 2020 approved the Field Development Plan for the Yumna Field and awarded Declaration of Commerciality  (&ldquo DOC&rdquo ), enabling Rex&rsquo s 86.37 per cent subsidiary Masirah Oil Ltd (&ldquo Masirah Oil&rdquo ) to fully develop the  Yumna Field while continuing to explore the rest of Block 50 Oman. The Yumna 1 well has at that time, produced more than one million barrels of oil and is currently producing over 8,000 barrels of oil per day through a 1 inch choke with 440 psig flowing tubing-head pressure. Rex&rsquo s 90 per cent subsidiary in Norway, Lime Petroleum AS (&ldquo Lime&rdquo ), will participate (with 20 per cent  interest**) in the drilling of the Appolonia prospect in the PL263 D/E licence, now expected in late August / early September 2020. The licence is located in the prolific Halten Terrace area, near existing infrastructure. Operated by Equinor, the well targets conventional Jurassic sand prospects. A successful well will pave the way for an expedient field development. Rex&rsquo s development plans for the Shrek discovery of  6.4 mmboe* (Lime&rsquo s 30 per cent working interest) in PL838 is proceeding according to plan. Besides doing active exploration work in licences in which Lime has interests, Lime is also joining strong application groups for the bid submission for the 2020 Awards in Pre-defined Areas (APA) round and is actively looking for opportunities to farm into wells scheduled for near-term drilling.
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98mich98 Master	13-Aug-2020 22:12        98mich98 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Absent of start up cost will contilribute higher profit for FY21-22. Long term is good. Maybe can acc for next hr result when prices are attractive
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powermikeln Veteran	13-Aug-2020 21:54        powermikeln About Contact  Quote this Post!
x 0   x 0  Alert Admin	Forward looking - Tomorrow chiong!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Justice888      ( Date: 13-Aug-2020 21:41) Posted: The key word in the report - $80000 operating cost per day which is $10 per barrel. Uob estimate production cost to be $20 per barrel . If production cost is lower . Maybe uob may come up with higher target price papayaface      ( Date: 13-Aug-2020 21:23) Posted: Agreed, the worse is over as oil is flowing and sold. Last year' s quarter results also not comparable as it was helped by one-off sale of investment.  So it is time to start buying for the next quarter results. God knows, it may even surge tomorrow. Let' s see what UOB-KH will recommend in their coming report. Good luc
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powermikeln Veteran	13-Aug-2020 21:51        powermikeln About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually - i just reviewed the recently released UOB reprot, and read the following section, what have been forecasted by UOB are quite close, and the key things are the upcoming quarters, with oil prices, and Rex' s oil production capability forecast.  " ... We have adjusted our revenue and net profit estimates for 2020-22 based on higher production numbers. With oil prices stabilising and gradually recovering from its April-May lows, we have adjusted our revenue and net profit forecasts for 2020-22, as well as our bbl/day assumptions. Taking a conservative approach, we have not incorporated the divestment of Shrek Prospect in 2020. Revenue for FY20-22 are forecasted at US$50.8m (from US$97.9m), US$82.7m (US$74.0m) and US$86.9m (US$54.3m) respectively while PATMI is forecasted at US$9.9m (from US$36.3m), US$24.5m (US$7.6m) and US$25.9m (US$1.8) respectively. The drop in 2020 revenue and net profit forecasts are due to a delay in oil production from our previous assumptions and the extremely low oil price in 1H20. The large increase in revenue and net profit forecasts for 2021 and 2022 are due to full-year contributions from Yumna, absence of start-up costs and higher oil price assumptions. ..."
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