1. For investors that are new to Rex International, could you elaborate what the company does?

Rex International Holding is an oil exploration and production (E&P) company listed on the SGX Catalist with interests in an oil production asset in Oman and 13 exploration licences in Norway. Since its IPO in July 2013, the group has achieved four offshore discoveries — one in Oman and three in Norway.

The group has also developed the Rex Virtual Drilling technology, a proprietary liquid hydrocarbon indicator, which is now offered as a de-risking tool for offshore oil exploration companies around the world. The technology helps to de-risk exploration assets through the analysis of seismic data to determine the presence of hydrocarbons.

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