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Rex: To Acquire Stakes In 2 More Licences In Norway.

Rex International Holding Limited is pleased to update that its 65 per cent indirectly owned subsidiary Lime Petroleum Norway AS, will receive 10 per cent stakes in each of two new exploratory licences in Norway from North Energy ASA, as a result of the co-operation agreement between Lime and North Energy. No consideration is needed to be paid for the transfer of the 10 per cent stakes, which is pending regulatory approval. These two licences had been awarded to North Energy in the 22nd licensing round by the Norwegian Oil and Energy Department in June 2013. Both licences, PL 707 and PL 708, are situated in the Barents Sea, in proximity to the coast on the Finnmark East platform...

CWT: Makes The Cut, Only Singapore Firm In Forbes Asia Fab 50 List.

CWT Limited has been included on Forbes Asia Fabulous 50 list for 2013, ranking the best big publicly-traded companies in the Asia Pacific region. CWT was among 18 regional debutantes and the only Singapore firm which makes the cut in the Fab 50 list. The 50 chosen companies represent the region's best of the best, reflecting solid financial track records and great management and entrepreneurial skill. This year's winners not only survived but thrived amid testing times of slowing growth, gyrating currencies and stagnation in export markets in the US and Europe, Forbes Asia said...

Asian Micro: Reverse Takeover Of Oxley Global For S$210 Million.

Pursuant to the Share Purchase Agreement, the Vendors shall sell to Asian Micro Holdings Limited, the Oxley Global Limited Shares representing the entire issued and paid-up share capital for an aggregate consideration of S$210,000,000. The Consideration will be satisfied in full by way of allotment and issuance by the Company to the Vendors of an aggregate of 1,050,000,000 Consolidated Company Shares at an issue price of S$0.20 per Consideration Share. As one of the Conditions Precedent to the Shares Exchange, the Company shall undertake the consolidation of every 6 Company Shares into 1 Consolidated Company Share...

Asiasons Capital: Breaks Into Oil & Gas Sector By Acquiring 27.5% Stake Of US-Based Black Elk For S$218 Million.

Acquisition will be funded by the issuance of 194,642,712 new ordinary shares at S$1.1948 per share. Producing about 14,000 barrels of oil per day from assets located in the Gulf of Mexico, Black Elk represents Asiasons Capital's second acquisition of resource-based companies following the acquisition 10% stake in LionGold Corp Ltd. Proposed placement of 212,587,880 new ordinary shares amounting to S$254 million in readiness for further investment opportunities...