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Rex International
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roostertan
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26-Nov-2013 16:46
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No problems. You are welcome MMROONIE5. My comments that their IPO listing at 0.50 cts is too ex. Therefore, it would be great if in the short term seeing slightly below the IPO price of 0.40-0.45 will be a good bet. Investing or trading in shares got to be patient. When it goes up would be great opportunity to sell and lock-in profit. Vice versa, when it goes down would be a good opportunity to buy as they could be over-beaten stocks by short sellers trying to pick-up cheap at rock-bottom prices. This gives us buying opportunity as well. This applies only if the company is sound, cash rich, viable management and pofitable company. DO NOT CHASE STOCK! Once again, vest with care!
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starlene
Elite |
26-Nov-2013 15:45
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26-Nov 550_oilrig Rex International Holding's first oil drilling campaign started this week, on track with the company's expansion schedule. Company photo REX INTERNATIONAL HOLDING?S first offshore drilling campaign, an event eagerly anticipated by the investment community, has commenced this week, on track with the company's expansion schedule. 250_2dan_brostrom Executive Chairman Dan Brostrom: " After our IPO, many investors approached us to buy more shares in Rex International. " As the IPO share allotment had not been fully taken up, we decided on a placement at 75.5 cents, 51% higher than our 50-cent IPO price. " With the additional monies, we can participate in opportunities that arose after the IPO. We are now well capitalised for our upcoming drilling campaigns." Photo by Sim Kih ?We are going for the big offshore finds and that programme starts now, with Oman,? said executive chairman Dan Brostrom during an exclusive interview with NextInsight. Unlike the typical exploration and production (E& P) company that generates income from crude oil production, Rex International intends to sell original oil in the ground and recycle the sale proceeds as capital for stakes in new concessions. Current prices of original offshore oil in the ground range from US$5 to US$15 per barrel. The Oman prospect being drilled is about 17,000 square kilometers in size. This suggests that Rex International?s effective stake of 41.6% in the Oman concession can fetch a considerable amount.  By the time the Oman first phase test drilling ends this year, the following will be known: 1) If the oil at the Oman well is commercially recoverable 2) What the geophysical structure of the oilwell is  Mr Brostrom estimates that any sale from its Oman concession can only be completed up to a year later, as time is needed for negotiations and proving of oil reserves to and by prospective buyers. ?We intend to have 5 to 7 offshore drilling campaigns next year,? said Mr Brostrom. This could mean a phenomenal FY2015 performance for Rex International when oilwell sale proceeds roll in. This rate of drilling campaigns is unprecedented among its E& P peers, and is possible only with Rex International?s unique business model. A typical E& P company spends three to five years in securing a concession, conducting seismic survey, data appraisal and waiting for oilrig deployment before commencing exploratory drilling. Rex International, on the other hand, has a business model that sidesteps much of this ponderous process. With the exception of its first offshore concession from the Oman Sultanate, Rex now gains interest in oilfield concessions from concession holders who have already expended resources on gathering seismic data and other geophysical surveys. For example, its effective equity interest in North Energy?s offshore licenses ranging from 3% to 8% came about through co-operation agreements for analysing seismic data from these concessions using Rex Virtual Drilling. ?There are many oilfield concession owners who have paid double digit millions for seismic studies and still don't know where the oil is. " Now that Rex Virtual Drilling can analyse their seismic data in four to six weeks with a high level of accuracy, they are eagerly approaching us,? said Mr Brostrom. From exploratory drilling to identifying recoverable oil reserves, Rex Virtual Drilling has proven to be more than 50% accurate compared to the global industry average of 15% when traditional methods are used. " We don't sell our technology. We are not a service company. We will only use our technology for equity interest in concessions that we are keen on,? said Mr Brostrom. The company's business model is the first of its kind among E& P players, and is the reason why it has is making good and may even exceed its aggressive claims of doubling oilfield concessions from 10 to 20 within a year of listing. " Four months after listing, we have already grown our portfolio to 15 concessions, beating our target. We have spudded Oman according to schedule. With the added proceeds from our recent placement, we are well capitalised for our expansion plans and for our upcoming drilling campaigns," added Mr Brostrom. Rex_stkpx_21Nov2013 From a high of over 90 cents, Rex's share price has now retreated to 65 cents. Is the price drop justified, given that its projected FY2014 losses are likely to be followed by not just a couple, but several, sizable oil strikes in FY2015? Bloomberg data Recent story: REX: Recurring Income From JV In Oil Production Service |
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Angel555
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26-Nov-2013 15:29
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I think its just pushed down today to buy cheap after fast run up last two days.....rolled on. | ||||
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mmroonie5
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26-Nov-2013 14:44
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thks bro rooster, collected this between 60-63c as a small trade. not intending to hold this long term but i was looking at 71c initially. hope we will see some action today nearing close for the msci rebalancing. although selling today seems strong. good luck to all holding this!
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roostertan
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26-Nov-2013 11:05
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Hi Bro, if you hv positions around 53-58 range, it would be good to take profit around 0.68-0.69 which would be a reasonable price range target. Treat those houses analysts with just a pinch of salt and be not duly overwhelmed by their target prices. Frankly, I personally don't believed in those analysts commentaries as it is only their assigned job functions. If they are so-called gurus, they doesn't need to be analysts as they can earned millions by taking-up positions themselves. Then why work? This counter is highly-risked with ups and downs. Even though I have entered at price of 0.56, my target price to with quite reasonable profit is set at 0.68. Do your own homework and analysis. Vest with care and good luck!
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guoyanyunyan
Elite |
26-Nov-2013 10:52
Yells: "uncertainty always exist" |
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REX International: Bearish Setup (Short Sell)!Author: stistocktrading | Publish date: Tue, 26 Nov 08:30 
Bearish Signal: Bearish reversal candlestick at classical resistance! Entry price: $0.63 Stop loss: $0.7 Profit target: $0.53 Reward to risk ratio: 1.4 |
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mmroonie5
Member |
26-Nov-2013 10:41
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Hi seniors and bros/sis, newbie to trading. got a newbie qns. have a small position for this, noticed most houses put bullish reports for this counter but price not reflecting anything near their TP? any pros can help a newbie out? thks in adv |
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Peter_Pan
Supreme |
25-Nov-2013 19:49
Yells: "did you order dunkin' donuts" |
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if the well yield successful discovery, production can potentially be expected to begin by the first half of next year
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roostertan
Member |
25-Nov-2013 19:46
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You will realised yr target by this week, if not, earlier.
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HVRRVH
Member |
25-Nov-2013 18:30
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Tomorrow may close around 68 or 69, or so I hope haha | ||||
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Angel555
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25-Nov-2013 17:57
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great, hope this discovery can cause price to go back to 83 first placement price soon in coming days......high this year was 97 or so couldn't cross 1 sgd then.. |
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starlene
Elite |
25-Nov-2013 17:43
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Announcement out after market close..matter of time they find oil.. PRESS RELEASE Rex International Holding?s jointly controlled entity spuds first well in Oman Jointly-controlled entity Lime?s subsidiary, Masirah, has begun drilling campaign at Masirah North North #1 (?MNN #1?) in its Block 50 Oman concession Selected for drilling after verification by Rex Virtual Drilling technology, MNN #1 is expected to be about 1,000 metres in depth SINGAPORE, 25 November 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, is pleased to announce that its jointly-controlled entity, Lime Petroleum Plc (?Lime?), through its subsidiary Masirah Oil Ltd (?Masirah?), has begun drilling an exploration well in Masirah North North #1 (?MNN #1?), located in the Block 50 Oman concession, on 25 November 2013. This is part of a two-well drilling programme in the concession. The prospect MNN #1, which is about 1,000 metres in depth, was selected for drilling after in-depth technical evaluation and verification using the proprietary Rex Virtual Drilling technology1 , in addition to confirmations provided via conventional methodologies. The prospect is located in the northern area of the Block 50 Oman concession which is about 17,000 square kilometres in size. The well is being drilled using the independent leg cantilever jack-up drilling rig Aban VII. Rex International Holding holds a 65 per cent stake in Lime. Lime, through Masirah, has a 64 per cent participating interest in the Block 50 Oman concession, while Petroci Holding, the national oil company of Ivory Coast, has a 36 per cent participating interest. 1 A proprietary software tool that uses seismic datasets to predict the presence and location of oil in the ground. |
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roostertan
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23-Nov-2013 17:02
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All these houses are sucking parts and portion of the pie for a fee. Nothing is free for doing such roadshows. Equivalent to a sales fair promotion making it so flowery and gorgeous just like an IPO prospectus. This can then convince institutional investors to put more funds for their high operations costs.
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Peter_Pan
Supreme |
23-Nov-2013 16:35
Yells: "did you order dunkin' donuts" |
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how come those houses keep having roadshows for rex..? latest one is by jpmorgan...dbsvickers...bank of america merrill lynch. trying to raise funds..? | ||||
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Siwomp
Veteran |
23-Nov-2013 12:47
Yells: "Back to Basic. FA is Sexy" |
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" DBS said Rex management explained that the technology is intended to replace traditional chemical methods and has been shown to increase oil production from 30% to 380%, both onshore and offshore" Question: " ...has been shown..." .. please be specific here? shown via simulation or on actual oil wells? if shown on actual oil wells, please indiate where and the results before and after the used of the ultra sound technology. And why was there an increase oil flow after the used of the ultra sound thingy. Was there any cases where after the used of the ultra sound there is a decrease in oil flow? " Rex is also aiming to drill another 5-7 offshore wells in various areas in 2014, and looking to grow its portfolio from the current 15 licences to 30 licences over the next 18-24 months, potentially providing a constant stream of newsflow and catalysts," Question: Drilling is not cheap, especially for offshore, how does the company intending to fund these operations? Issuing of multi currency bonds (at what interst rate?) and/or placements(more dilutions)?
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starlene
Elite |
23-Nov-2013 12:19
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Never compare Rex,Norweigian majority by the directors..pioneers with a S chip co like china oil fields..latter will be like sinostar sooner or later will kaput Closed up 1.5 to 63 after hitting highs of 63.5 on 9701 lots A break of 64 will see strong resistance at 65Rex investing $20m in oil well stimulation tech Promises to drastically boost oil production. Rex has revealed that it will be investing US$20m for a 67% stake in Rexonic, which will own a proprietary environmentally-friendly, high-power ultrasound technology for commercial oil well stimulation developed by Swiss partner Ogsonic AG, reports DBS Group Research. DBS said Rex management explained that the technology is intended to replace traditional chemical methods and has been shown to increase oil production from 30% to 380%, both onshore and offshore. The JV will target the oil & gas production phase, and being complementary to Rex?s existing offerings in the exploration phase, offers cross-sell opportunities. Rexonic has already signed contracts with three major NOCs and could contribute a recurrent earnings stream within the next few years. Aside from the promise of boosted earnings in the future, DBS said Rex will be basking in brisk drilling activity and new licence interest. " Drill results from the first well in Oman can be expected around end-December 2013, and the second well around 40 days later. While the developments in Oman are likely to be of much interest to the market, Rex is also aiming to drill another 5-7 offshore wells in various areas in 2014, and looking to grow its portfolio from the current 15 licences to 30 licences over the next 18-24 months, potentially providing a constant stream of newsflow and catalysts," said DBS - See more at: http://sbr.com.sg/energy-offshore/mo....RjuIPhrn.dpuf |
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roostertan
Member |
23-Nov-2013 10:55
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Not comparable because this is S-chips. Even though China Oilfields tech can be very profitable company, all the monies can be pilfered always by those directors crooks and accounts are all fake. Just look at the fate of China Minzhong now and you know the answer. The price has dropped so much from 1.15 {offered stake price by PT Nutrifood} to 0.80+ now. So, final conclusion, stay away from all S-chips. would be the safest.
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danger
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23-Nov-2013 10:46
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China Oilfield tech > IPO : 60 cents . Rallied to $1 Now 3cents only |
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danger
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23-Nov-2013 10:03
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no wonder only UOB KH and DBS vickers promoting this counter as they are the co-placemnet agent and underwriter for the company .. Few pointers and risk to take note : We are dependent upon the prices of, and demand for oil. Even relatively modest declines in oil prices may adversely affect our business, revenues and profits. The difference between the prices received for the oil that we produce and the costs of exploring for, developing, producing and
In addition, we are contractually obliged to fulfil schedules under our operating agreements and in the event that we are delayed and unable to negotiate for an extension, the licensors of the
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expertinvestor
Senior |
23-Nov-2013 09:10
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See next week touch 60 or 65 first ba. Anyway I out Liao.
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