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Latest Forum Topics / Rex Intl    Last:0.072    -0.002  Post Reply
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boyboy61
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19-Sep-2022 16:37     
 
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 Alert Admin 		Rex should initiate share buyback also

pc1234      ( Date: 19-Sep-2022 13:19) Posted:

The independent non-executive director Christopher Atkinson bot another 100 lot of Rex for $25k on Friday again. Now he hold 200 lots (0.015%).

ysh2006      ( Date: 19-Sep-2022 12:54) Posted:

Rex int, must give some face to it ID , should not dropped below his buy price 25c lah..
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pc1234
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19-Sep-2022 13:19     
 
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 Alert Admin 		The independent non-executive director Christopher Atkinson bot another 100 lot of Rex for $25k on Friday again. Now he hold 200 lots (0.015%).

ysh2006      ( Date: 19-Sep-2022 12:54) Posted:

Rex int, must give some face to it ID , should not dropped below his buy price 25c lah...

Joelton      ( Date: 19-Sep-2022 09:26) Posted:

Rex International Holding
 
On Sep 12, Rex International Holding : 5WH -1.96% independent non-executive director Christopher Atkinson acquired 100,000 shares at 25.0 cents per share. He also serves as an independent board member of Masirah Oil Ltd and Lime Petroleum AS, subsidiaries of the group. He is a professional geologist with over 30 years of experience in the upstream oil and gas (O& G) sector. In addition, he is the founder and director of Worldwide Petroleum Services and a director of Helios Aragon.
 
Prior to this, Atkinson was a founding investor in several exploration and production startup ventures in South-east Asia, the United Kingdom and Canada. He has also worked for Shell International Petroleum Company and was a 15-year career veteran with the Atlantic Richfield Company, where his last held position was vice-president of exploration, Europe/North Africa.
 
Rex International Holding has interests in exploration and production licences in Oman, Norway and Malaysia, and holds operatorship for the assets in Oman and Malaysia. On Aug 12, the oil exploration and production company reported H1 2022 revenue of US$99.45 million and profit after tax of US$6.04 million. Earnings before interest, taxes, depreciation and amortisation (Ebitda) is a commonly used metric for upstream O& G companies. For H1 2022, the company reported Ebitda of US$41.3 million.
 
The group also de-risks its portfolio of exploration and development assets using its proprietary liquid hydrocarbon indicator Rex Virtual Drilling technology, which can identify liquids in the sub-surface using seismic data.
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ysh2006
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19-Sep-2022 12:54     
 
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 Alert Admin 		Rex int, must give some face to it ID , should not dropped below his buy price 25c lah...

Joelton      ( Date: 19-Sep-2022 09:26) Posted:

Rex International Holding
 
On Sep 12, Rex International Holding : 5WH -1.96% independent non-executive director Christopher Atkinson acquired 100,000 shares at 25.0 cents per share. He also serves as an independent board member of Masirah Oil Ltd and Lime Petroleum AS, subsidiaries of the group. He is a professional geologist with over 30 years of experience in the upstream oil and gas (O& G) sector. In addition, he is the founder and director of Worldwide Petroleum Services and a director of Helios Aragon.
 
Prior to this, Atkinson was a founding investor in several exploration and production startup ventures in South-east Asia, the United Kingdom and Canada. He has also worked for Shell International Petroleum Company and was a 15-year career veteran with the Atlantic Richfield Company, where his last held position was vice-president of exploration, Europe/North Africa.
 
Rex International Holding has interests in exploration and production licences in Oman, Norway and Malaysia, and holds operatorship for the assets in Oman and Malaysia. On Aug 12, the oil exploration and production company reported H1 2022 revenue of US$99.45 million and profit after tax of US$6.04 million. Earnings before interest, taxes, depreciation and amortisation (Ebitda) is a commonly used metric for upstream O& G companies. For H1 2022, the company reported Ebitda of US$41.3 million.
 
The group also de-risks its portfolio of exploration and development assets using its proprietary liquid hydrocarbon indicator Rex Virtual Drilling technology, which can identify liquids in the sub-surface using seismic data.
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Joelton
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19-Sep-2022 09:26     
 
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Rex International Holding
 
On Sep 12, Rex International Holding : 5WH -1.96% independent non-executive director Christopher Atkinson acquired 100,000 shares at 25.0 cents per share. He also serves as an independent board member of Masirah Oil Ltd and Lime Petroleum AS, subsidiaries of the group. He is a professional geologist with over 30 years of experience in the upstream oil and gas (O& G) sector. In addition, he is the founder and director of Worldwide Petroleum Services and a director of Helios Aragon.
 
Prior to this, Atkinson was a founding investor in several exploration and production startup ventures in South-east Asia, the United Kingdom and Canada. He has also worked for Shell International Petroleum Company and was a 15-year career veteran with the Atlantic Richfield Company, where his last held position was vice-president of exploration, Europe/North Africa.
 
Rex International Holding has interests in exploration and production licences in Oman, Norway and Malaysia, and holds operatorship for the assets in Oman and Malaysia. On Aug 12, the oil exploration and production company reported H1 2022 revenue of US$99.45 million and profit after tax of US$6.04 million. Earnings before interest, taxes, depreciation and amortisation (Ebitda) is a commonly used metric for upstream O& G companies. For H1 2022, the company reported Ebitda of US$41.3 million.
 
The group also de-risks its portfolio of exploration and development assets using its proprietary liquid hydrocarbon indicator Rex Virtual Drilling technology, which can identify liquids in the sub-surface using seismic data.
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ysh2006
Supreme
17-Sep-2022 21:42     
 
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 Alert Admin 		This stock just recently it boss buy 100 lot shares to support support think will be okay.
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boyboy61
Supreme
10-Sep-2022 05:36     
 
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 Alert Admin 		Brent now 92 up 3.5%

boyboy61      ( Date: 08-Sep-2022 06:20) Posted:

https://oilprice.com/Latest-Energy-News/World-News/Surprise-Crude-Build-Weighs-On-Oil-Prices.html Notice that the release of the SPR is higher than the crude build up. Believe that this is not sustainable and oil price will move up again
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boyboy61
Supreme
08-Sep-2022 14:04     
 
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 Alert Admin 		Waiting to get at around 24
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boyboy61
Supreme
08-Sep-2022 06:20     
 
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 Alert Admin 		https://oilprice.com/Latest-Energy-News/World-News/Surprise-Crude-Build-Weighs-On-Oil-Prices.html Notice that the release of the SPR is higher than the crude build up. Believe that this is not sustainable and oil price will move up again
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boyboy61
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08-Sep-2022 04:57     
 
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 Alert Admin 		Brent now at 87
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petson
Master
07-Sep-2022 22:28     
 
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 Alert Admin 		crash below90
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boyboy61
Supreme
07-Sep-2022 20:41     
 
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 Alert Admin 		Now down to 26 due to crude dropping to around 93. Will move up again once crude price improves. Brent down due to ?????? Anyway, would not last long. Waiting to pick up some more Rex if or drops further

boyboy61      ( Date: 02-Sep-2022 18:15) Posted:

Holding at 27.......

wehuattogether88      ( Date: 01-Sep-2022 09:49) Posted:

Slowly but surely buy into Rex as winter will be approaching and Oil price will find its way up fast as oil demand strips limited supplies.
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boyboy61
Supreme
02-Sep-2022 18:15     
 
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 Alert Admin 		Holding at 27.......

wehuattogether88      ( Date: 01-Sep-2022 09:49) Posted:

Slowly but surely buy into Rex as winter will be approaching and Oil price will find its way up fast as oil demand strips limited supplies.
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wehuattogether88
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01-Sep-2022 09:49     
 
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 Alert Admin 		Slowly but surely buy into Rex as winter will be approaching and Oil price will find its way up fast as oil demand strips limited supplies.
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bluekelah
Senior
31-Aug-2022 18:16     
 
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Yells: "lock and loaded..."
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 Alert Admin 		analyst said REx flush with cash but majority was from borrowings as rex took out 100muSD +senior bonds in 1H2022. MOst of the cash will be used to pay for 10% royalties in the new producing asset in holland under spanish repsol, which REX bought from kuwait company. However this is an old abandoned field recently recommision and had some storage leakage in april 1H2022 that has been fixed. Repsol managed to use a lower cost jack up rig to start pumping this year. So hopefully no more hiccups from there, just constant oil flows. THe kuwait company maybe gave up after the storage tank leak hiccup and REX management swoop in to get it.

They also landed 2 rights to develop the malaysian offshore oil fields so I think that whatever left over cash wil be needed for capex soon.

But it seems management does have its own agenda, though they are from norway and I trust they know what they are doing. At the moment seems to grow the company quickly via small  acquisitions whenever there is a chance..
not much choice to get exposure to oil unfortunately on SGX , probably need to follow buffett get some chevron / occidental to hedge against any possibly oil price shock which i think may come despite the global recession. Every country going " GREEN energy" past few years, oil production capacity is severly diminshed. USA SPR is just being drained like 1m barrels a day now

 

boyboy61      ( Date: 31-Aug-2022 15:46) Posted:

Rex International' s share price rose almost 10% yesterday following an analyst report setting a 50-cent target price.

The stock closed at 28 cents (+2.5 cents). 
 

Rex

Share price: 
28 c

Target: 
50 c

SP Angel, a London corporate broker with a non-independent research arm, said: " Rex&rsquo s current share price offers investors a compelling entry point into a technically adept explorer that has successfully transitioned the Company&rsquo s strategy from Explorer to Producer over the last two years."

Rex is an oil and gas company headquartered and listed in Singapore, and its industry is enjoying bumper profits on high oil prices.

Rex' s main activity is in offshore oil exploration and production on assets located in Oman, Norway, and Malaysia.
 
Restoring investor confidence


Rex' s 1H2022 results were impacted by production stoppages in its Oman asset.

Net profit attributable to shareholders fell 80% y-o-y to  US$4.8 million  (or US$6.0 million before minority interests).  Rex said the drop was mainly due to:
&bull   the addition of production costs in the Brage Field, off Norway, which was acquired in 2021.
&bull     continuing production costs despite production stoppages in the Yumna Field off Oman, and
&bull   tax expenses of  US$12.83 million mainly from an increase in deferred tax liabilities arising from the  increase in oil and gas properties, as well as exploration and evaluation assets in Norway, which was  partially offset by tax refunds of exploration costs incurred in Norway.


The production issues in the Yumna Field -- the key revenue generator in 2021 -- are behind it now.

Yumna Field saw production stoppages for  planned  major change-outs and upgrades made to the  production facilities from February 2022 to April 2022 and  unforeseen  operational issues in June  2022, according to Rex.

SP Angel estimated that from a  FY21 average gross production of ~10kb/d, the Yumna Field produced just over 3kb/d in 1H22, and is expected to average ~5kb/d for the full year 2022. That implies 7kb/d in 1H2022.
 
Flush with cash
&bull As at 30 June 2022, the Group&rsquo s cash and cash equivalents and quoted investments totalled
US$103.73 million  (31 Dec 2021: US$86.91 million).

&bull Rex to start paying  0.5 Singapore cent/share  dividend every quarter.


Production has been restored in Yumna Field which  " will be able to handle increased production from future new producing wells planned," said Rex.

" In our view, the Company now needs to restore investor confidence in the production base as it focuses on paying a quarterly dividend and sets a near-term production target of 20kboe/day," said SP Angel.

Rex is paying  a final dividend for FY21 of  0.5 cent/share, payable in 4Q22.

Starting from 1Q23, Rex plans to pay a regular cash dividend at the target level of 0.5 cent/share per quarter (7.1% implied yield based on 28 cent share price).
 
Mr Dan Broströ m, the executive chairman, said Rex strives to maintain " strategic and sensible capital  management" and to create shareholders returns.

But it needs to balance that with financing obligations of Rex&rsquo s subsidiaries Lime Petroleum in Norway and Pantai Rhu Energy in Malaysia.

Malaysia8.21

Rex has a 95% interest in oil assets off Malaysia." While the Group remains in a strong cash position,  Lime Petroleum has raised a senior secured bond of NOK950 million and Pantai Rhu Energy is looking  to raise third-party financing to fund their respective acquisition and activities, to progress their self-sufficiency aspirations.&rdquo
 

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finjungle
Veteran
31-Aug-2022 17:33     
 
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 Alert Admin 		the movements in oil prices ever hardly affect the share price of REX! The managment has its own agenda

piscesmonkey      ( Date: 31-Aug-2022 17:07) Posted:

Oil down another -2.6%

boyboy61      ( Date: 31-Aug-2022 16:57) Posted:

Oil now very volatile
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piscesmonkey
Supreme
31-Aug-2022 17:07     
 
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 Alert Admin 		Oil down another -2.6%

boyboy61      ( Date: 31-Aug-2022 16:57) Posted:

Oil now very volatile.

piscesmonkey      ( Date: 31-Aug-2022 16:14) Posted:

Oil going down again🤔


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boyboy61
Supreme
31-Aug-2022 16:57     
 
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 Alert Admin 		Oil now very volatile.

piscesmonkey      ( Date: 31-Aug-2022 16:14) Posted:

Oil going down again🤔

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piscesmonkey
Supreme
31-Aug-2022 16:14     
 
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 Alert Admin 		Oil going down again🤔
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boyboy61
Supreme
31-Aug-2022 15:46     
 
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 Alert Admin 		Rex International' s share price rose almost 10% yesterday following an analyst report setting a 50-cent target price.

The stock closed at 28 cents (+2.5 cents). 
 

Rex

Share price: 
28 c

Target: 
50 c

SP Angel, a London corporate broker with a non-independent research arm, said: " Rex&rsquo s current share price offers investors a compelling entry point into a technically adept explorer that has successfully transitioned the Company&rsquo s strategy from Explorer to Producer over the last two years."

Rex is an oil and gas company headquartered and listed in Singapore, and its industry is enjoying bumper profits on high oil prices.

Rex' s main activity is in offshore oil exploration and production on assets located in Oman, Norway, and Malaysia.
 
Restoring investor confidence


Rex' s 1H2022 results were impacted by production stoppages in its Oman asset.

Net profit attributable to shareholders fell 80% y-o-y to  US$4.8 million  (or US$6.0 million before minority interests).  Rex said the drop was mainly due to:
&bull   the addition of production costs in the Brage Field, off Norway, which was acquired in 2021.
&bull     continuing production costs despite production stoppages in the Yumna Field off Oman, and
&bull   tax expenses of  US$12.83 million mainly from an increase in deferred tax liabilities arising from the  increase in oil and gas properties, as well as exploration and evaluation assets in Norway, which was  partially offset by tax refunds of exploration costs incurred in Norway.


The production issues in the Yumna Field -- the key revenue generator in 2021 -- are behind it now.

Yumna Field saw production stoppages for  planned  major change-outs and upgrades made to the  production facilities from February 2022 to April 2022 and  unforeseen  operational issues in June  2022, according to Rex.

SP Angel estimated that from a  FY21 average gross production of ~10kb/d, the Yumna Field produced just over 3kb/d in 1H22, and is expected to average ~5kb/d for the full year 2022. That implies 7kb/d in 1H2022.
 
Flush with cash
&bull As at 30 June 2022, the Group&rsquo s cash and cash equivalents and quoted investments totalled
US$103.73 million  (31 Dec 2021: US$86.91 million).

&bull Rex to start paying  0.5 Singapore cent/share  dividend every quarter.


Production has been restored in Yumna Field which  " will be able to handle increased production from future new producing wells planned," said Rex.

" In our view, the Company now needs to restore investor confidence in the production base as it focuses on paying a quarterly dividend and sets a near-term production target of 20kboe/day," said SP Angel.

Rex is paying  a final dividend for FY21 of  0.5 cent/share, payable in 4Q22.

Starting from 1Q23, Rex plans to pay a regular cash dividend at the target level of 0.5 cent/share per quarter (7.1% implied yield based on 28 cent share price).
 
Mr Dan Broströ m, the executive chairman, said Rex strives to maintain " strategic and sensible capital  management" and to create shareholders returns.

But it needs to balance that with financing obligations of Rex&rsquo s subsidiaries Lime Petroleum in Norway and Pantai Rhu Energy in Malaysia.

Malaysia8.21

Rex has a 95% interest in oil assets off Malaysia." While the Group remains in a strong cash position,  Lime Petroleum has raised a senior secured bond of NOK950 million and Pantai Rhu Energy is looking  to raise third-party financing to fund their respective acquisition and activities, to progress their self-sufficiency aspirations.&rdquo
 
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Vivivie
Member
31-Aug-2022 14:36     
 
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 Alert Admin

REX INT' L: Up 10% on upbeat analyst report, 1H production stoppages are over
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