Originally Posted by elenatang View Post
Bought again at 85cts..this drop due to UOB last tue 1 Oct recommend T.P $1.47..so all rush in to buy...now forced sell
now will be the best time to UOB to buy buy buy, then issue report again to push up price
Today is T+ 5 for the 30.7m high volume which hit 97 cents high
But I know UOB allows T+6
Anyway, the second heavy volume day on the 4th Oct of 20m selldown to 91.5 is also due on Monday
..have faith Rex will bounce back..a better gauge is REX did not go below 80cts rather than 85cts..I have been buying since 66-83cts and sometimes took profits along the way and bought back again when it dropped Fest30240Ok
Why is REX so quite. Hibiscus up by 0.16 last two days. Hibiscus n REX is controlling 35% and 65% of Lime Petroleum and will start drilling for oil in Oman between middle Oct & Nov 2013.
Octavia ( Date: 10-Oct-2013 16:47) Posted:
Look like Sister Starlene can tame the Rex very well.Always enter at gd price.
Huat arh!
Octavia ( Date: 07-Aug-2013 13:32) Posted:
You are so right.
Now.Happy happy.
Next change.Run for your life.Lol
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medivh
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10-Oct-2013 21:38 User is Offline About medivh Contact Quote!
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honestly, there should be some annoucements coming out soon.
their 2 wells in USA is slated for production in Q4 2013 and exploration in 2 wells in Oman to conclude in the same period.
Stocks In Focus SG (CapitaMalls Asia, Rex Int
Stock in focus - Rex International Awards Drilling Contract To Aban 7
Rex International said in a press release statement that its jointly-controlled entity, Lime Petroleum, through its subsidiary Masirah Oil, has awarded a drilling rig contract to Aban 7 for the execution of its drilling programme in the company?s Block 50 Oman concession. Under the terms of the contract, Masirah will secure the services of the Aban VII drilling jack-up rig to spud and drill a minimum of two exploration wells ? Masirah North North #1 and Masirah North East #1. The contract is anticipated to commence between mid-October and mid-November 2013 for an effective minimum period of 50 working days. Mans Lidgren, chief executive officer of Rex International said: ?The firm rig contract with Aban gives assurance that our drilling programme in Oman is progressing according to plan. The programme in Oman is an important step for the company in the roll-out of our drilling campaign throughout our portfolio.?
Significance: The prospects of the two wells were selected for drilling after in-depth technical evaluation and verification using the proprietary Rex Virtual Drilling technology on top of other conventional methodologies.
Production can potentially start by 1H14 through utilisation of an early production system if the drilling of the wells yield successful discoveries.
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