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2016

21 January Business Times: Rex International Unit takes part in Norwegian Licensing Round

"We are very pleased with this extensive award in line with our application. All licences contain exciting prospects that have been qualified with the liquid hydrocarbon indicator Rex Virtual Drilling,” said Svein Kjellesvik, Rex’s chief operating officer."

13 January NextInsight: Staying steady, looking further out to monetize oil discoveries

"Rex's chairman Mr Dan Brostrom explains, "We have liaised with established players such as Lundin and Statoil, who realise we have some interesting technologies that reduce their risk in drilling. We are going with them into areas that are oil-prolific and where there are already discoveries made and these players have been involved there. These are logistically built-up areas, and there's enough work there to keep us busy for some time.".. "we have it all funded for 2016. And the Board's position is we have to be very prudent with the cash we have.""