Post Reply
1-9 of 9
Time to get in at such good price.
Welldone , tmr 50-55 Liao
48-49 accumulate by bb, what is TP
This one also wanna to come , one but one standby
Waiting for them to exercise mandate to do a share buyback.
Oil price up again..
Hoot ko Yee kee
rex have been loss making all these years
so sad, i am vested
so sad, i am vested
Karamah#1 well completed in Block 50 Oman Further confirmation of prospectivity in the 17,000 sq km block Plans for appraisal and early production in the block being drawn up
SINGAPORE, 30 May 2017 &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 ), refers to the 30 May 2017 press release issued by Masirah Oil Limited (&ldquo Masirah&rdquo ), in which the Group has an effective stake of 88.90 per cent. Masirah today announced that the drilling of the Karamah#1 well in Block 50 has been completed. Hydrocarbon shows have been found in several stratigraphic zones in the well. An extensive logging programme was conducted throughout the target intervals. All these further proved the presence of a working petroleum system in the block. However, operational difficulties arising from an incident on the rig resulting in an open hole for a prolonged period of time with some loss of circulation probably caused the formation to be invaded with mud, making it inaccessible for subsequent wireline sampling. A comprehensive collection of data was carried out in the well to ensure that as much information as possible was derived from the well for further post well analysis. Mr Dan Broströ m, Executive Chairman of Rex, commenting on the Masirah press release said, &ldquo The hydrocarbons found during drilling validate predictions derived from Rex&rsquo s third iteration of its proprietary Rex Virtual Drilling technology. We are encouraged by the further proof of prospectivity and active petroleum system in this vast block, confirmed by results from our last three wells GAS-1, Manarah-1 and Karamah#1. Now that the exploration phase in Block 50 is concluded, the next phase will be to draw up plans for appraisal and possibly early production from the block as soon as possible. We are working closely with our partners and appreciate the support from the Ministry of Oil and Gas of Oman.&rdquo The exploratory well Karamah#1 was spudded on 17 March 2017 and was drilled to a total depth of 3,320 metres using the cantilever jack-up rig Aban VII. The well is located about 21 km east of the port of Duqm at a water depth of 23 metres and approximately 13 km away from the earlier GAS-1 discovery well. The well objective was to explore multiple target horizons of the Early Tertiary and Late Cretaceous formations.
SINGAPORE, 30 May 2017 &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 ), refers to the 30 May 2017 press release issued by Masirah Oil Limited (&ldquo Masirah&rdquo ), in which the Group has an effective stake of 88.90 per cent. Masirah today announced that the drilling of the Karamah#1 well in Block 50 has been completed. Hydrocarbon shows have been found in several stratigraphic zones in the well. An extensive logging programme was conducted throughout the target intervals. All these further proved the presence of a working petroleum system in the block. However, operational difficulties arising from an incident on the rig resulting in an open hole for a prolonged period of time with some loss of circulation probably caused the formation to be invaded with mud, making it inaccessible for subsequent wireline sampling. A comprehensive collection of data was carried out in the well to ensure that as much information as possible was derived from the well for further post well analysis. Mr Dan Broströ m, Executive Chairman of Rex, commenting on the Masirah press release said, &ldquo The hydrocarbons found during drilling validate predictions derived from Rex&rsquo s third iteration of its proprietary Rex Virtual Drilling technology. We are encouraged by the further proof of prospectivity and active petroleum system in this vast block, confirmed by results from our last three wells GAS-1, Manarah-1 and Karamah#1. Now that the exploration phase in Block 50 is concluded, the next phase will be to draw up plans for appraisal and possibly early production from the block as soon as possible. We are working closely with our partners and appreciate the support from the Ministry of Oil and Gas of Oman.&rdquo The exploratory well Karamah#1 was spudded on 17 March 2017 and was drilled to a total depth of 3,320 metres using the cantilever jack-up rig Aban VII. The well is located about 21 km east of the port of Duqm at a water depth of 23 metres and approximately 13 km away from the earlier GAS-1 discovery well. The well objective was to explore multiple target horizons of the Early Tertiary and Late Cretaceous formations.