News

By Year: All | 2018 | 2017 | 2016 | 2015 | 2014 | 2013

7 December, NextInsight: REX INTERNATIONAL: Targets substantially higher revenue from 2018

“Mr Dan Broström, Executive Chairman of Rex International Holding, said, “When we were first listed in mid-2013, our business model was to focus on using the RVD technology on our own assets to increase the chance of success in finding oil and then to sell oil-in-the-ground upon any discovery. With the collapse of oil prices since mid-2014, we have moderated our drilling plans to focus on getting our key assets to production.

"To concentrate on our core competence in the technology arena, we are seeking operational partners of high professional standard for Oman. In Norway, we are already working with highly experienced partners in the licences, in particular Lundin Petroleum Norway AS who is also the operator of the licence PL338C (Edvard Grieg) discovery.””

17 April, OE Digital: Rex eyes 2019 Rolvsnes test production

“Test production from the Rolvsnes or Edvard Grieg South (EGS) discovery offshore Norway is expected to start in 2019, according to Rex International Holding, which holds a 30% stake in the license through subsidiary Lime Petroleum. Rex says development feasibility studies are being carried out on the Lundin operated discovery, which was made in December 2015, in license PL338C. According to Rex, a recent Gaffney, Cline & Associates report put gross contingent, unrisked (3C) resources in the PL338C license at up to 77.9 MMbbl and up to 78.7 Bcf of natural gas (3C).”

19 January, The Edge – Rex Chairman buys more shares

9 January, Trade Arabia: Masirah Oil gets new funding from Rex Oman

“Rex Oman, a unit of Singapore-based Rex International Holdings, has injected $8 million into Masirah Oil Limited (MOL), the operator and 100 per cent owner of Block 50 offshore Oman’s east coast. The funding follows a subscription of new shares of Masirah Oil (MOL), said an Oman Daily Observer report. “The capital injection was necessary to allow (Masirah Oil Limited) to pursue its drilling activities and continue its operations in Oman, as well as for general working capital requirements; and was fully satisfied in cash by Rex Oman,” said Rex International Holdings in a statement. "Masirah Oil has high potential for growth, as the discovery made in the concession in early 2014 was the first offshore discovery east of Oman, after 30 years of exploration activity in the area,” it added.”

4 January, Business Times: Company briefs: Rex International Holding