Rex Intl    Last:0.071    -0.001

The next chapter

After good news then bad news come😅

 

By clearing the "default" status on its Norwegian licenses, Rex has made its core assets significantly more "bankable" and attractive to outside bidders.

desmodeus      ( Date: 28-Apr-2026 10:26) Posted: Both LPA and the Group are no longer in default under the respective license agreements for these Norwegian assets. At the end of the day, the bondholders just want their money back and not run the company. I think everything will be settled eventually with rex retaining Lime. High Brent prices certainly a great help LoudShout      ( Date: 28-Apr-2026 09:12) Posted: " The Company remains in consultation with its legal advisors regarding the Group&rsquo s interests in LPH and will update the market accordingly in accordance with the applicable rules of the SGX-ST in the event of any further material updates. The Company will make the appropriate announcements in due course as and when there are material developments regarding the New Money Liquidity Bonds." Further dilution of Co' s interests in LPH to the New Liquidity Bond to pay all its cash calls.

 

Both LPA and the Group are no longer in default under the respective license agreements for these Norwegian assets. At the end of the day, the bondholders just want their money back and not run the company. I think everything will be settled eventually with rex retaining Lime. High Brent prices certainly a great help

LoudShout      ( Date: 28-Apr-2026 09:12) Posted: " The Company remains in consultation with its legal advisors regarding the Group&rsquo s interests in LPH and will update the market accordingly in accordance with the applicable rules of the SGX-ST in the event of any further material updates. The Company will make the appropriate announcements in due course as and when there are material developments regarding the New Money Liquidity Bonds." Further dilution of Co' s interests in LPH to the New Liquidity Bond to pay all its cash calls.

 

Dont be surprise if it goes to 20c ..heh

 

Buy H2G green better

 

" The Company remains in consultation with its legal advisors regarding the Group&rsquo s interests in LPH and
will update the market accordingly in accordance with the applicable rules of the SGX-ST in the event of
any further material updates. The Company will make the appropriate announcements in due course as
and when there are material developments regarding the New Money Liquidity Bonds."

Further dilution of Co' s interests in LPH to the New Liquidity Bond to pay all its cash calls.

 

Lol. U r extremely wrong then!!

LoudShout      ( Date: 27-Apr-2026 15:52) Posted: Co is unable to pay its bondholders yet declared $600k for directors remuneration.  Supposed to look after the co governance yet had to engage indepndent reviewers for Compliance Report. Compliance Report highligt possible breaches of various regulations.

 

Seems good news.   Settling the debts no issue except whether Rex holdings loses all stake in LMe.

piscesmonkey      ( Date: 27-Apr-2026 17:33) Posted: The board of directors (the ?Board?) of Rex International Holding Limited (the ?Company? or ?Rex? and together with its subsidiaries, the ?Group?) wishes to inform that Rex?s indirect subsidiary Lime Petroleum Holding AS (?LPH?) has on 27 April 2026, announced its confirmation that the first settlement of the NOK 500 million New Money Liquidity Bonds issued by its subsidiary Lime Petroleum AS (?LPA?) was concluded on Friday, 24 April 2026. On the same day, all overdue cash calls related to Bestla and Yme in Norway were paid.

 

The board of directors (the ?Board?) of Rex International Holding Limited (the ?Company? or ?Rex? and together with its subsidiaries, the ?Group?) wishes to inform that Rex?s indirect subsidiary Lime Petroleum Holding AS (?LPH?) has on 27 April 2026, announced its confirmation that the first settlement of the NOK 500 million New Money Liquidity Bonds issued by its subsidiary Lime Petroleum AS (?LPA?) was concluded on Friday, 24 April 2026. On the same day, all overdue cash calls related to Bestla and Yme in Norway were paid.

 

Wah good news

 

Co is unable to pay its bondholders yet declared $600k for directors remuneration.  Supposed to look after the co governance yet had to engage indepndent reviewers for Compliance Report.

Compliance Report highligt possible breaches of various regulations.

 

 

Oil up Rex bo up. 

oil down Rex let' s short it on Monday? 

 

It might happen unexpectedly ...when many give up

piscesmonkey      ( Date: 24-Apr-2026 11:13) Posted: I cut at 93 damn lousy oil go up so high this going down same as RH. Oil counter dont link to oil movment liao makdatok      ( Date: 24-Apr-2026 10:24) Posted: Added at 92...Just waiting for the good time

 

https://gulfnews.com/world/mena/usiran-war-clock-may-1-deadline-puts-trump-under-pressure-1.500516668

 

I cut at 93 damn lousy oil go up so high this going down same as RH. Oil counter dont link to oil movment liao

makdatok      ( Date: 24-Apr-2026 10:24) Posted: Added at 92...Just waiting for the good time

 

Added at 92...Just waiting for the good time

 

No leh

makdatok      ( Date: 24-Apr-2026 09:15) Posted: Standby for e sudden rally

 

Standby for e sudden rally

 

AGM today

 

Oil 107