Latest Forum Topics / Rex Intl Last:0.114 -0.003 | Post Reply |
Rex International
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starlene
Elite |
24-Oct-2013 16:41
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Buy Sell $ Rex Intl SGX 0.840 330,000 0.845 1,003,000 0.845 +0.030 0.820 6,728,000 0.845 0.810 0.970 0.505 0 0 16:34:29 REXI.SI 5WH R ..see fake q to sell removed so easily | |||||||||||||||||||||
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satans
Member |
24-Oct-2013 16:38
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huat ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh | |||||||||||||||||||||
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Winson
Senior |
24-Oct-2013 16:36
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Wish Rex can chiongggg all the way pass 90 mark....
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starlene
Elite |
24-Oct-2013 16:14
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.Fake queue   at 83cts seen many times..to block and accumulate..once> 80cts quite safe but make sure u have $$$ to pick up...Bought 200 lots on 14 Aug 2013 at 82cts and sold off 92-95cts not long ago..buying back at this price again
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starlene
Elite |
23-Oct-2013 19:28
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With more than 80% accuracy in blind and live tests, RT has helped the company secure strategic partnerships and concessions.  Results from Rex?s first few exploration wells will be critical as it becomes proof of the effectiveness of RT.  The results of the first exploration well are expected to be known by 1Q14. If RT is proven to be effective as management claims, Rex has the potential to become a multi-bagger as it revolutionalises the O& G industry.    Support shd be 8-81cts level previously was broken during the fear over U.S debt ceiliomgs..but the way it bounced back and stayed > 80cts that's why i like,bearing Rex and partners should start exploring for oil now from mid Oct to Dec ..any large discovery the shares will soar.. |
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starlene
Elite |
23-Oct-2013 19:14
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Support shd be 8-81cts level previously was broken during the fear over U.S debt ceiliomgs..but the way it bounced back and stayed > 80cts that's why i like,bearing Rex and partners should start exploring for oil now from mid Oct to Dec ..any large discovery the shares will soar..
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teeth53
Supreme |
23-Oct-2013 12:14
Yells: "don't learn through life, learn to grow with life " |
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All the best...for this week oni (short term)
http://sg.finance.yahoo.com/q/ta?s=5WH.SI& t=3m& l=on& z=l& q=l& p=m5%2Cm20%2Cb%2Cv& a=m26-12-9& c
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ShareSharelor
Member |
23-Oct-2013 11:56
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Yes yes..it's gonna hit $0.88 tmr.. Huat Huat lor.   Lol! Just a lunchtime appetizer.. |
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novice_trader
Elite |
23-Oct-2013 11:37
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Hi sis starlene, can we take 0.83 as the support now? As the new shares at given at 0.83?
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starlene
Elite |
23-Oct-2013 08:28
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REX International Holding restructures its holdings in US investments and increases stake in licence-holding company in Trinidad & Tobago Rex US?s 20 per cent direct interest in Fram?s Colorado and North Dakota concessions to be exchanged for equity stake in Fram Rex International Holding?s direct stake in Fram to be increased to 27.7 per cent Stake in the licence-holding company Caribbean Rex to be increased to 64.17 per cent SINGAPORE, 21 October 2013 ? Rex International Holding Limited (?Rex International Holding? or the ?Company?, and together with its subsidiaries, the ?Group?), one of the largest companies listed on the Catalist of the Singapore Exchange Securities Trading Limited, refers to its collaboration with Fram Exploration ASA (?Fram?) in relation to Rex International Holding?s US concessions and onshore exploration & production opportunities in the island nation of Trinidad & Tobago in the Caribbean (?Assets?) and is pleased to update that Rex International Holding and Fram have, amongst others, agreed to restructure their shareholding arrangements in the Assets (?Restructuring?) pursuant to the change in the working arrangements between Rex International Holding and Fram and as part of Fram?s strategy of becoming a listed company in the future, as well as to allow the Company to realise operational efficiencies and cost savings. As the first part of the Restructuring, Rex International Holding?s wholly-owned subsidiary, Rex US Ltd. (?Rex US?), has entered into an agreement (?Agreement?) with Fram to exchange Rex US?s 20 per cent direct interest in Fram?s Colorado and North Dakota concessions into shares in Fram (the ?Exchange?). The Exchange is conditional upon the obtaining of approvals from Fram?s shareholders as well as other relevant regulatory authorities. Rex US will convert the payment due for part of the work programme already fulfilled under the farm-in agreement between Rex US, Loyz Energy Ltd (?Loyz?) and Fram (?Work Programme?), together with a cash payment of USD 4.51 million to Fram, for new shares to be issued by Fram (?New Fram Shares?). Pursuant to the Exchange, Fram and Loyz will continue with the remaining Work Programme from which Rex US will exit. The New Fram Shares will be issued at the same price per share as the share swap conducted between Fram and Rex International Holding in April 2013, and in aggregate, is valued at approximately USD 7 million. The New Fram Shares constitute 3.7 per cent of the issued share capital of Fram. Prior to the completion of the Agreement and as at the date of this announcement, Rex International Holding holds a direct 24 per cent interest in Fram, while Rex US holds a 20 per cent direct interest in the Colorado and North Dakota concessions. After the completion of the Exchange, Rex International Holding will hold approximately 27.7 per cent of the issued share capital of Fram and no direct interest in the Colorado and North Dakota concessions. Mr Måns Lidgren, CEO of Rex International Holding, said, ?The Restructuring will streamline Rex International Holding?s investments, previously held through various entities, under a single investment holding entity, hence improving our effectiveness in administrative oversight and resulting in operating efficiencies and cost savings. The Restructuring is envisaged to benefit the Group in the long term and provide our shareholders with greater clarity on our investments in the US and strengthen Fram?s strategy of becoming a listed company in its own right in the near future which we also have a stake in.? Fram is the operator of the Whitewater Federal Production Unit located in the Piceance Basin in Mesa and Delta Counties of Colorado, USA and holds leases centred on 10,863 acres in Renville County, North Dakota in the Williston Basin. Pursuant to the Exchange, Loyz will remain partner to a Participation and Exploration Agreement with Fram on similar terms as before. The operations will continue as previously communicated, with the drilling campaign well underway. Rex International Holding also refers to its press release dated 14 August 2013 (the ?14 August Press Release?), on its signing of a term-sheet for access to three onshore exploration & production (E& P) licences in Trinidad & Tobago and is pleased to update that as the second part of the Restructuring, the Group is acquiring a larger stake of 64.17 per cent in the licence-holding company Caribbean Rex Limited (?Caribbean Rex?) (previously referred to as Rex Caribbean Oil Company Ltd in the 14 August Press Release) instead of the initially stated stake of 51.99 per cent. Rex International Holding will acquire the additional stake in Caribbean Rex from Fram for a consideration of approximately USD 3 million, by way of the issuance of new ordinary shares in the capital of Rex International Holding (?Shares?), which is pending regulatory approval. Consideration for the initial stake in Caribbean Rex amounting to USD 9 million in cash has been paid and the consideration for the additional stake in Caribbean Rex to be paid is USD 3 million (equivalent to S$3.75 million) in shares, at an issue price of S$0.83 per Share (?Issue Price?). The Issue Price represents the seven-day average closing price of the Shares prior to the date of the signing of the agreement with Fram on 18 October 2013. The Shares are intended to be issued pursuant to the general share issuance mandate obtained at the extraordinary general meeting of the Company held on 24 June 2013. Upon completion of the transaction, the three shareholders of Caribbean Rex will be Rex International Holding (64.17 per cent), Pareto Staur SPV I AS (34.76 per cent) and Mr Geoffrey Leid, CEO-designate of Caribbean Rex, in his personal capacity (1.07 per cent). Mr Måns Lidgren said, ?Trinidad & Tobago will be one of our core markets going forward. With our acquisition of the additional stake in Caribbean Rex, which Fram previously held on behalf of its minority shareholders, Caribbean Rex will have just two major shareholders. Our increased stake in Caribbean Rex also means that we stand to recognise higher revenue and profit from Caribbean Rex?s future growth. The Trinidad assets are in a proven prolific hydrocarbon basin and consists of a mix of production and exploration assets. We stand to benefit from changes to the tax legislation for oil and gas companies operating in the country effective from January 2014, where revenue generated from oil production can be offset 100 per cent against exploration expenses, hence attractively allowing us to reinvest in oil exploration activities. We expect our concessions in Trinidad & Tobago to be self-sufficient in terms of capital expenditure by the end of next year.? ?We are firming up the drilling schedule for the Trinidad assets and intend to drill up to 10 wells in 2014, with the first drilling to be carried out in the first quarter of next year,? Mr Lidgren added. As further phases of the Restructuring are still being discussed and have not yet been finalised, Rex International Holding will update shareholders as and when there are material developments to the Restructuring. __________________
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medivh
Elite |
22-Oct-2013 22:20
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Vested as well today.. last min gap up swee swee poised for a run anytime soon. (" ,)
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dicksonh
Veteran |
22-Oct-2013 17:14
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must be because sis starlene posted the information!!! ahahah I sold off at 0.81 some and waiting to unload the rest.. I think Rex can hit $1! poised to actually before the US upset  |
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starlene
Elite |
22-Oct-2013 17:08
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Quote:
Buy Sell $ Rex Intl SGX 0.815 365,000 0.820 283,000 0.820 +0.035 0.790 13,723,000 0.830 0.780 0.970 |
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starlene
Elite |
22-Oct-2013 16:09
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Not very sure but that will give u a rough indication of mkt value of REX
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dicksonh
Veteran |
22-Oct-2013 16:05
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wow that means min share price of existing should be at leat 0.83? maybe can expect it to see 0.83 soon!  |
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starlene
Elite |
22-Oct-2013 15:51
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· The US$3m will be financed by way of the issuance of new shares in Rex at an issue price of S$0.83/share.  http://infopub.sgx.com/Apps?A=COW_Co...ease_final.pdf wondering when this new issuance will take place as it will have impact. |
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lglg666
Veteran |
22-Oct-2013 00:18
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Will keep this in my watch list to buy on dips. Worth a punt....:)
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SFGuyRuleZ
Veteran |
21-Oct-2013 23:19
Yells: "You are your own master.." |
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Vested in Rex today at 0.785 with the intention of short-term capital gain. My personal thoughts for this company is that mid-long term wise, prospects look good. It's net asset value may only be around 5 cents, but let's not be too quick to condemn this company for I have faith and confidence in it's niche technology which makes it standout from other oil / gas exploration companies. Then again, this is just my own opinion.. Best to do one's own due diligence..  | |||||||||||||||||||||
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bishan22
Elite |
21-Oct-2013 22:41
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Dont wait hor. I oredi jumped in.
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starlene
Elite |
21-Oct-2013 21:53
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After mkt close..Rex going in US for roadshow to increase its profile..good news ? | |||||||||||||||||||||
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