Rex International Holding

Oil & Gas

Rex International subsidiary acquires 40% stake in two North Sea licenses with two discoveries

The licenses come with the Iving and Evra discoveries and are located in the Utsira High area.
Rex International invests US$4 mil in drone company owned by controlling shareholders - THE EDGE SINGAPORE

M&A

Rex International invests US$4 mil in drone company owned by controlling shareholders

Karl and Hans Lindgren, who hold 34.7% in Rex International, collectively own a 95% stake in the drone company.
Rex International moves beyond oil exploration to production - THE EDGE SINGAPORE

SGX Research Series: 10 in 10

Rex International moves beyond oil exploration to production

Find out about Rex International, and how it is coping with the shifting energy market.

Billion Dollar Club 2020

United Global’s winning strategic relationships

United Global is the sector winner for Centurion Club: Applied Resources; Energy – Fossil Fuels; Mineral Resources.

Oil & Gas

Crude oil prices see double whammy from Covid-19, Opec+ spat; likely to stay low ahead

SINGAPORE (March 13): Crude oil prices have already taken a blow since the start of 2020. The out­break of the novel coronavirus or Cov­id-19 did not only infect more than 119,000 and kill more than 4,000, but also impeded economic activity. This led to

Broker's Calls

Rex International started at 'buy' by UOB with 21.8 cents target price

SINGAPORE (Dec 16): UOB Kay Hian is initiating coverage of Rex International Holding (Rex) with a "buy" and a target price of $0.218, or 1.1 times 2020 book value.

Company in the news

Rex updates on plans for Norway, Oman assets after replenishing war chest to $98 mil

SINGAPORE (Aug 19): Shares in Rex International Holding are trading 1 cent or 8.82% higher at $0.07 at 11.48am on Monday with 29.3 million units traded after unveiling its business strategy for the immediate future.

Crude Oil

Rex’s Norway subsidiary divesting stake in non-core Barents Sea asset

(Oct 15): Rex International’s 90% subsidiary Lime Petroleum AS is divesting its 20% stake in the Barents Sea licence PL850, a non-core asset, to an external third party.

Broker's Calls

Rex International targets first oil production in 2H19, may be on cusp of turnaround

SINGAPORE (Sept 19): Rex International Holding is seeking to turn profitable in 2020 when two of its oil wells in Oman and Norway come on stream.

Commodities

Rex International aims for higher revenue in 2018

SINGAPORE (Dec 7): Rex International Holding, the oil exploration and production company, is aiming for higher revenue from 2018 and beyond.
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