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Thank you keemun for sharing your numbers. The numbers are still better than FY21 due to high oil price and Brage. Hopefully, the Lime acquition is earnings accretive for FY22 like Brage.
blesskeemun ( Date: 24-Jun-2022 11:29) Posted:
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blesskeemun ( Date: 24-Jun-2022 11:58) Posted:
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Suggestion to REXI Management:
1. Stop reporting the production result like s other peers RHP and Interra....
2. Instead of providing quarterly profit guidance.
3. Organize town hall virtual meeting with shareholders to update the new drilling progress.....by the way does MOL/REX needs DOC again for operating a producing new field at Block 50?? (Afraid of waiting game again)
4. Internally to practice and implement preventive measures for all working equipment and maintain adequate MRO inventory.
1. Stop reporting the production result like s other peers RHP and Interra....
2. Instead of providing quarterly profit guidance.
3. Organize town hall virtual meeting with shareholders to update the new drilling progress.....by the way does MOL/REX needs DOC again for operating a producing new field at Block 50?? (Afraid of waiting game again)
4. Internally to practice and implement preventive measures for all working equipment and maintain adequate MRO inventory.
Thank you for your effort to put up the numbers. I like numbers as it is the best way to value a counter. I assume you have done your diligence and the numbers would be reliable. cheers.
blesskeemun ( Date: 24-Jun-2022 11:16) Posted:
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Awaiting:
1. Norway new acquisition of producing field.
2. Oman drilling result by end of 2022 This time high chances to yield good oil field from " Khufai Area" as the onshore is the producting site......offshore of the extention of the Khufai plate underneath the sea base has better porosity of the stone structure study showed. Unlike the last Zahkera of Lower Aruma plate which yield no good result.
1. Norway new acquisition of producing field.
2. Oman drilling result by end of 2022 This time high chances to yield good oil field from " Khufai Area" as the onshore is the producting site......offshore of the extention of the Khufai plate underneath the sea base has better porosity of the stone structure study showed. Unlike the last Zahkera of Lower Aruma plate which yield no good result.
| EBITA Tracking of 2022 | ||||||||||
| Yumna Field | Rex owns 91.81 of Masirah/Masirah 65% vs. Omani Gov 35% | |||||||||
| CONTRACT | Actual | Prod | Production | Monthly | Rex Owned (%) | Daily Production | Monthly Prod | Rex Owned (%) | ||
| MONTH | AVE | LOW | HIGH | bpd | Days | Prod | Gorss Revenue | Costs | Costs | Net Revenue |
| JAN | 91.21 | 77.04 | 91.70 | 7,518 | 31 | 233,058 | 12,685,565 | 80,000 | 2,480,000 | 10,205,565 |
| FEB | 100.99 | 87.72 | 105.79 | 2,237 | 28 | 62,636 | 3,774,902 | 80,000 | 2,240,000 | 1,534,902 |
| MAR | 105.47 | 96.95 | 133.09 | 4,637 | 31 | 143,747 | 9,047,552 | 80,000 | 2,480,000 | 6,567,552 |
| APR | 107.91 | 96.93 | 139.13 | 1,271 | 30 | 38,130 | 2,455,454 | 80,000 | 2,400,000 | 55,454 |
| MAY | 122.84 | 101.30 | 125.28 | 4,800 | 31 | 148,800 | 10,908,024 | 80,000 | 2,480,000 | 8,428,024 |
| JUN | 119.27 | 112.50 | 125.16 | 4,800 | 30 | 144,000 | 10,249,367 | 80,000 | 2,400,000 | 7,849,367 |
| JUL | 110.00 | 6,000 | 31 | 186,000 | 12,209,812 | 80,000 | 2,480,000 | 9,729,812 | ||
| AUG | 110.00 | 7,500 | 31 | 232,500 | 15,262,265 | 80,000 | 2,480,000 | 12,782,265 | ||
| SEP | 110.00 | 7,500 | 30 | 225,000 | 14,769,934 | 80,000 | 2,400,000 | 12,369,934 | ||
| OCT | 110.00 | 7,500 | 31 | 232,500 | 15,262,265 | 80,000 | 2,480,000 | 12,782,265 | ||
| NOV | 110.00 | 7,500 | 30 | 225,000 | 14,769,934 | 80,000 | 2,400,000 | 12,369,934 | ||
| DEC | 110.00 | 7,500 | 31 | 232,500 | 15,262,265 | 80,000 | 2,480,000 | 12,782,265 | ||
| 2022 AVE | 108.97 | 95.41 | 120.03 | 61,245 | 365 | 2,103,871 | 136,657,339 | 80,000 | 29,200,000 | 107,457,339 |
| AVE | 5,730 | |||||||||
| Depletion Tracker of Yumna Field: As at Jan' 21 (Reserve 2P is 8,600,000mmboe) | ||||||||||
| 2P | YTD Prod | Bal | ROD (Mth) | EXP | ||||||
| 6,600,000 | 626,371 | 5,973,629 | 16.6 | May' 23 | ||||||
| New estimte by QPR | ||||||||||
Notes for Oman:
1. Jun' 22 production stopped since 11 Jun' 22.
2. Replacement of the parts could only be completed estimated by 10 Jul' 22.
3. Take note Oman monsson season from Mid Jun to Mid Sep.
4. New drilling can only be in Oct onwards.
1. Jun' 22 production stopped since 11 Jun' 22.
2. Replacement of the parts could only be completed estimated by 10 Jul' 22.
3. Take note Oman monsson season from Mid Jun to Mid Sep.
4. New drilling can only be in Oct onwards.
Thank u vm for the efforts last 2yrs sincerely appreciate it😞 😛 🙏
blesskeemun ( Date: 24-Jun-2022 11:13) Posted:
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| Brage Field | Rex owns 91.65% of Lime | ||||||||
| CONTRACT | Actual | Prod | Production | Monthly | Gorss Revenue | Monthly Prod Cost | Rex Owned (%) Net revenue | ||
| MONTH | AVE | LOW | HIGH | bpd | Days | Prod | (US$47/bpd) | ||
| JAN | 91.21 | 77.04 | 91.70 | 2,496 | 31 | 77,376 | 7,057,465 | 3,636,672 | 3,135,157 |
| FEB | 100.99 | 87.72 | 105.79 | 2,792 | 28 | 78,176 | 7,894,994 | 3,674,272 | 3,868,292 |
| MAR | 105.47 | 96.95 | 133.09 | 3,561 | 31 | 110,391 | 11,642,939 | 5,188,377 | 5,915,606 |
| APR | 107.91 | 96.93 | 139.13 | 2,960 | 30 | 88,800 | 9,582,408 | 4,173,600 | 4,957,173 |
| MAY | 122.84 | 101.30 | 125.28 | 2,695 | 31 | 83,545 | 10,262,668 | 3,926,615 | 5,806,992 |
| JUN | 119.27 | 112.50 | 125.16 | 3,000 | 30 | 90,000 | 10,734,300 | 4,230,000 | 5,961,191 |
| JUL | 110.00 | 0.00 | 0.00 | 3,000 | 31 | 93,000 | 10,230,000 | 4,371,000 | 5,369,774 |
| AUG | 110.00 | 0.00 | 0.00 | 3,000 | 31 | 93,000 | 10,230,000 | 4,371,000 | 5,369,774 |
| SEP | 110.00 | 0.00 | 0.00 | 3,000 | 30 | 90,000 | 9,900,000 | 4,230,000 | 5,196,555 |
| OCT | 110.00 | 0.00 | 0.00 | 3,000 | 31 | 93,000 | 10,230,000 | 4,371,000 | 5,369,774 |
| NOV | 110.00 | 0.00 | 0.00 | 3,000 | 30 | 90,000 | 9,900,000 | 4,230,000 | 5,196,555 |
| DEC | 110.00 | 0.00 | 0.00 | 3,000 | 31 | 93,000 | 10,230,000 | 4,371,000 | 5,369,774 |
| 2022 AVE | 108.97 | 47.70 | 60.01 | 35,504 | 365 | 1,080,288 | 117,894,774 | 50,773,536 | 61,516,614 |
| AVE | 2,959 | ||||||||
| Depletion Tracker of Brage Field: As at Jan' 21 (Reserve 2P is 7,300,000mmboe) | |||||||||
| 2P | YTD Prod | Bal | ROD (Mth) | EXP | |||||
| 5,880,000 | 354,743 | 5,525,257 | 53.5 | May-26 | |||||
I did a review of all their production updates for Jan to April, 2022.
Don' t have numbers for May and June.
Average production for Yumna fields for 2022 (in barrels per day):
January : 7518
February : 2237
March : 4637
April : 1271
Average production for Brage field for 2022 (in barrels per day)
January : 2496
February : 2792
March : 3561
April : 2960
Don' t have numbers for May and June.
Average production for Yumna fields for 2022 (in barrels per day):
January : 7518
February : 2237
March : 4637
April : 1271
Average production for Brage field for 2022 (in barrels per day)
January : 2496
February : 2792
March : 3561
April : 2960
Bro i just started adding slowly its good that angmo americans still lurking in this penny stk meaning there must be some substance here. From here risk/reward downside limited upside hopefully above ipo px after full year results. Happy trading 🍻
kt3152 ( Date: 24-Jun-2022 10:34) Posted:
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sharetrade8888, I appreciate that you started this thread with the aim of having constructive discussion for this stock.
I am also frustrated reading posts cheering up or bashing down a stock without basis. I apologise if my previous posts offended you as I didn&rsquo t present my thoughts and assumption clearly.
I am also frustrated reading posts cheering up or bashing down a stock without basis. I apologise if my previous posts offended you as I didn&rsquo t present my thoughts and assumption clearly.
Sharetrade8888 ( Date: 24-Jun-2022 10:12) Posted:
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Time to buy some...rex is like hit or hitting double bottom soon...anyone any views...???
TheMatrix ( Date: 24-Jun-2022 09:49) Posted:
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Good that u are putting some numbers to ur post since u r a septic and dont thrust the mgtmt u shud spend ur time looking for better oppotunities. If u are vest and hv no patience to ride out the mkt condition u may wanna move on with ur money elsewhete. If u dont hv a position pls spend ur time wisely lije looking for money elsewhere but if u r shortie happy counting ur virtual gains now as the saying goes its good while it lasted. Cheers
pc1234 ( Date: 24-Jun-2022 10:05) Posted:
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Sharetrade8888, thank you for sharing your estimates of 7500 bpd from July onward. I assume that this figure is based on the production rate taken from Jan 22.
However, I am a bit concern as the production rate of these mature wells are on a decreasing trend (from 11k bdp in Jan 21 to 7k bpd in Jan 22). Hence, my conservative estimate will be 4,000 bpd going forward for these three wells, as " suggested" by Rex' s 23th announcement.
I do agree with ahberngh that that announcement was vague and unclear. May figure is a done deal, why Rex didn' t give the exact figure and beat around the brushes letting everyone guessing? was the figure really bad (Sharetrade8888: please excuse my skepticism)
However, I am a bit concern as the production rate of these mature wells are on a decreasing trend (from 11k bdp in Jan 21 to 7k bpd in Jan 22). Hence, my conservative estimate will be 4,000 bpd going forward for these three wells, as " suggested" by Rex' s 23th announcement.
I do agree with ahberngh that that announcement was vague and unclear. May figure is a done deal, why Rex didn' t give the exact figure and beat around the brushes letting everyone guessing? was the figure really bad (Sharetrade8888: please excuse my skepticism)
Sharetrade8888 ( Date: 24-Jun-2022 09:44) Posted:
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How low u bring it i will pick this maoshawang
TheMatrix ( Date: 24-Jun-2022 09:49) Posted:
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More importantly now is the company make back those lost production rate from 2nd half onwards. We still hv the dividends while riding out this mkt condition and stk px already drop to comfort zone imo if my full yr projection of 10-13cents nett is correct still good to me dunno about others to each his own.
So, production from May to June 10 was 4800 bpd, then stopped production from June 11 due to oil leakage,
currently production also stopped and production will only be restarted about 2 weeks after the date of announcement
(ie restart 2 weeks after 23 June) once they solved the oil leakage.
currently production also stopped and production will only be restarted about 2 weeks after the date of announcement
(ie restart 2 weeks after 23 June) once they solved the oil leakage.
Sharetrade8888 ( Date: 24-Jun-2022 09:44) Posted:
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0.275, how low it wants to go?
From july 2nd wk onwards back to jan or before levels i reckon 7500 or higher approximately thats all we can derive at now