Posted by albertlaw > 2013-09-05 17:12 | Report Abuse

Wow struck oil or just Kayhian UOB pushing up becoz too low

ozone2002 ( Date: 05-Sep-2013 16:19) Posted:



Last:0.88 Vol:52467k +0.17

so fast n furious today?

ozone2002 ( Date: 02-Sep-2013 10:51) Posted:



Big names and big funds are in this, heavily supported..

Even though Rex International has only an operating track record of two years and has yet to generate revenue, pre-IPO investors were so convinced by its story that they extended convertible loans of S$35.2 million to fully fund its first two years of drilling operations in the US.

These investors include Tan Fuh Gih (tycoon Tan Kim Seng?s younger brother), Kingston Kwek (tycoon Kwek Leng Beng?s son), Tan Chin Hwee (partner of leading alternative fund management group Apollo) and 2G Capital chairman Tommie Goh (founder of JIT).

Schroders, Pareto Growth Fund, Staur Private Equity, Holberg Funds and Clements Capital are also vested in the company.

Posted by albertlaw > 2013-09-06 21:59 | Report Abuse

Know who are the BBs behind REX
Quote:
Originally Posted by joemacky View Post
keeping fingers crossed.. this CK willing to let price do wide swing.. it could hit a $1 and go below $0.80.. but looking at the price action where almost half of the transactions done between 0.875 - 0.895 so should be positive bias Smile

Agree ,,when the bad results(expected) was announced around 12noon the REX was shorted till it hit a low of 80cts...knowing many shortists would be waiting and indeed they shorted..after that BBs push it up,surpassing another high of 89.5cts around 3pm plus..see on thur Sept 5,suddenly REX shot up hitting a new high 88cts with vol,otherwise REX would hve pushed down below 70cts


As at 5 Sept the ipo funds not used yet but looks it will be used mainly for its exploration or investments activities,it's not the current last 2 year losses but what the market price should reflect the future-discovery of oil exploits and most important who is behind this counter-if they(BBs) want to push,who care about current losses, it's the future that240Fest30 matters,,,see by 4pm the price of REX climbed up again


h0ly0wl ( Date: 06-Sep-2013 16:54) Posted:

this bb is damn skillful.

Posted by albertlaw > 2013-09-08 23:12 | Report Abuse

this is not an inducement to trade,those who fear and has profit just take ,like thos I bought 66-69cts I hve already taken profits and like my maxim-no one ever died from taking profits but many died from failing to take profits.I am using my profits to long on REX



1) Rex previously said that it was close to production with the first oil from its U.S assets in North Dakota expected in the 4th qtr of this year .



2) Rex boasts of innovative exploration technology that has a higher chance(maybe 50%) of locating oil higher than industry standards



3) Rex participates in ventures with already secured exploration and production licences and gets an equity stakes in exchange for its unique technology thereby reducing its exposure to time and money needed to acquire licences



4) Rex owns 65% in Lime Petroleum,the rest owns by Malaysia listed Hibiscus Petroleum amd Schrodes.



5) Rex already secured 3 new licences in Trinidad and Tobago in August 2013 and plan to start its drilling programmes in Oman in the 4th qtr.Also in Aug Lime had engaged Aban II to drill its Block 50 concession in Oman,as CEO Mans Lidgren said it was an assurance its drilling programme was in progress



Just need to trade with care but from analysis normaly when major oil fields discovered,revenue and profits will flow in and shares normally soar-so don't play with money you can afford to invest only

Posted by albertlaw > 2013-09-09 15:37 | Report Abuse

No price T.P by Daiwa,,does it mean the sky is the limit?



Background

We visited Rex International

Holdings (Rex) recently to get an

insight into the company following

its IPO on the Catalist in July 2013

at SGD0.50/share.

■ Highlights

Background. Rex is an

independent upstream oil and gas

company with a free float of about

17%. The Norwegian founders of the

company, which hold a 55.4% stake,

are Karl Lidgren, Hans Lidgren, and

Svein Kjellesvik, who each have

more than 20 years experience in

oil-exploration activities.

Claimed technological

advantage. Rex claims to have

exclusive access to proprietary

technology that allows it to target

drilling prospects accurately, and as

a result raise its exploration success

rate, thus increasing drilling

efficiency and reducing exploration

write-offs and decreasing the time

taken to bring oil to the market. To

use intellectual property (IP) related

to these technologies, the company

pays annual fees to a separate

company, Rex Technology

Management (RTM), which is

wholly owned by Karl and Hans

Lidgren. The three key technologies

include the following.

? Rex Gravity? is used to detect

possible hydrocarbon

accumulations through the use of

satellite altimetry data.

? Rex Seepage? uses thermal

imaging to search for

hydrocarbon presence at the sea

surface.

? Rex Virtual Drilling? uses

seismic-data interpretation

techniques to detect the presence

of liquid hydrocarbons.

Business model. The company

says that because it has exclusive

access to RTM?s proprietary

technology and IP, it has been able

to enter into agreements to farm

into exploration acreage. The owners

of the acreage then provide data that

is analysed by RTM in order to

ascertain the best location to drill an

exploration well. Through backtesting,

Rex claims that it has near

100% certainty in discovering oil

when using the three technologies

outlined above. However, it states

that the key risk to its business is

poor or corrupted data, which then

significantly lowers the chances of a

discovery.

Assets. At present, Rex has a

portfolio of 13 contract areas in

Norway, Oman, Trinidad & Tobago,

the UAE, and the US, and says it will

look to increase this to 20 contract

areas over the next 12 months. As at

the end of 2012, the company had

respective working interest 2P and

3P reserves of 5.7mmbbl and

7.4mmbbl (100% oil), all of which is

attributable to its Colorado acreage.

Near-term news flow. Rex has

two exploration wells offshore Oman

in Block 50 (31.2% interest) that will

spud in mid-October 2013.

According to publicly available

information (Offshore Magazine),

the Aban VI jack-up rig was

contracted in mid-August for a twowell

programme over 50 days and is

currently en route to the Arabian

Sea. The results of these two wells

will be important in proving RTM?s

proprietary technology. In addition,

Rex has another well offshore UAE

that will spud tentatively in 4Q13. In

addition to exploration, the

company has a stake of about 28% in

two onshore US oil fields, in

Colorado and North Dakota, which

starts oil production in 4Q13,

according to the company (see page

2 for net production estimates

according to Rex?s IPO prospectus).

■ Valuation

Based on its 2P reserves of

5.4mmboe, the stock is trading at an

EV/boe of USD87.23/boe, while its

regional upstream peers are trading

currently at USD18.27/boe,

according to the Bloomberg

consensus.

6 September 2013

A tech-focused

upstream

company

? Another upstream player in

Singapore with a technology

focus

? Norwegian founders with

global E& P assets

? Production from its Americas

portfolio due to start in 4Q13

Source: FactSet, Daiwa

Energy / Singapore

Rex International Holdings

REXI SP

Not Rated

Target (SGD): n.a. Up/downside: - 5 Sep price (SGD): 0.870

Adrian Loh

(65) 6499 6548

adrian.loh@sg.daiwacm.com

Benjamin Lim

(65) 6321 3086

benjamin.lim@sg.daiwacm.com

90

109

128

146

165

0.55

0.64

0.73

0.81

0.90

Jul-13

Share price performance

Rex Intern (LHS) Relative to FSSTI (RHS)

(SGD) (%)

12-month range 0.56-0.87

Market cap (USDbn) 0.68

3m avg daily turnover (USDm)

Posted by albertlaw > 2013-09-09 23:51 | Report Abuse

War not yet start..REX can move up....waht about once war start


Equities follow the inverse trend of reeling on the anticipation of war and then rallying on the event. As a recent example, the invasion of Iraq in March of 2003 marked a turning point in U.S. equities, officially ending the 2001-03 correction and mounting a stellar rise for over five bumper years until the housing crisis.

For equities, the uncertainty of war is more detrimental than war itself. Once the uncertainty is removed, investors know where to put their money, and the markets take off.