
Rex broke < 90cts...can't defy gravity in times like that
 
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This bugger is going to trade above $1 in the mth of Oct.
Huat ahh..
Huat ahh..
My TP is $1.15
wah! chiong hope it can go up to $1
? Independent E& P player armed with potentially revolutionary exploration technology
? First mover advantage in ?seeing? oil gives it a head start in cherry picking attractive licences
? Potential multi-bagger as it buys assets cheap and spins off successful discoveries
? Initiate with BUY and S$1.27 TP catalysts to come from licence adds, oil hits
Rex International Holding (RIH) will have access to proprietary oil & gas exploration technologies, including Rex Virtual Drilling (VD), which uses resonance frequency theory to identify and characterise reservoirs in the areas to be drilled, thereby substantially lowering the chances of hitting a dry well. 
RIH is positioned to capture the highest value in the E& P value chain through successful discoveries and limiting capex requirements in expensive offshore areas. 
We estimate that the use of Rex VD could yield success rates in excess of 50%, compared to global average of around 15% using traditional methods, thus potentially boosting project ROIs to > 100%.
Diversified asset portfolio provides strong growth platform
The Group currently has stakes in 15 concession areas in mature oil & gas development areas - the USA, Caribbean, Norway, Oman and UAE - with plans to expand the portfolio further. The trust from partners and governments demonstrates the credibility of the technology, which has recently been further enhanced by validation from Norwegian partner North Energy, who reported an 85% success rate in using Rex VD to predict drilling results in 41 prospects over a 2 year time frame.
Initiate with BUY, expect catalysts from continuous positive news flow
Based on a sum-of-the-parts valuation using conservative chances of success, we arrive at a TP of S$1.27 for RIH, which implies close to 50% upside at current levels. Over the next 2 years, we expect RIH to rapidly add on to its licence portfolio, while also delivering on its drilling programmes at various regions, with the first well results from Oman likely in early-2014.
? Independent E&P player armed with potentially revolutionary exploration technology
? First mover advantage in ?seeing? oil gives it a head start in cherry picking attractive licences
? Potential multi-bagger as it buys assets cheap and spins off successful discoveries
? Initiate with BUY and S$1.27 TP catalysts to come from licence adds, oil hits
More than your average independent oil & gas E&P company
Rex International Holding (RIH) will have access to proprietary oil & gas exploration technologies, including Rex Virtual Drilling (VD), which uses resonance frequency theory to identify and characterise reservoirs in the areas to be drilled, thereby substantially lowering the chances of hitting a dry well.
RIH is positioned to capture the highest value in the E&P value chain through successful discoveries and limiting capex requirements in expensive offshore areas.
We estimate that the use of Rex VD could yield success rates in excess of 50%, compared to global average of around 15% using traditional methods, thus potentially boosting project ROIs to >100%.
Diversified asset portfolio provides strong growth platform
The Group currently has stakes in 15 concession areas in mature oil & gas development areas - the USA, Caribbean, Norway, Oman and UAE - with plans to expand the portfolio further. The trust from partners and governments demonstrates the credibility of the technology, which has recently been further enhanced by validation from Norwegian partner North Energy, who reported an 85% success rate in using Rex VD to predict drilling results in 41 prospects over a 2 year time frame.
Initiate with BUY, expect catalysts from continuous positive news flow
Based on a sum-of-the-parts valuation using conservative chances of success, we arrive at a TP of S$1.27 for RIH, which implies close to 50% upside at current levels. Over the next 2 years, we expect RIH to rapidly add on to its licence portfolio, while also delivering on its drilling programmes at various regions, with the first well results from Oman likely in early-2014.
rex chiong today
old news bro..albedo n rowsley,maxi cash still better,rex can wait
REX INTERNATIONAL HOLDING TO ACQUIRE STAKES IN TWO MORE LICENCES IN NORWAY
  http://rex.listedcompany.com/newsroom/20130918_074048_5WH_B43A6B8869A9DDE548257BE9003AB308.1.pdf
  Rex International Holding to acquire stakes in
two more licences in Norway
Total licences to increase to 15 in four regions from initial 10 as at listing on 31 July Rex?s technology strongly validated by North Energy?s live test results Due diligence completed and drilling programme firmed up for Trinidad & Tobago licences
SINGAPORE, 18 September 2013 ? Rex International Holding Limited (?Rex International Holding?, the ?Company?, and together with its subsidiaries, the ?Group?), one of the largest companies listed on the Catalist of the Singapore Exchange Securities Trading Limited, is pleased to update that its 65 per cent indirectly owned subsidiary Lime Petroleum Norway AS (?Lime?), will receive 10 per cent stakes in each of two new exploratory licences in Norway from North Energy ASA (?North Energy?), 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.
can rex still move up to 0.90?
Analysts sometimes always wrong/inaccurate..scary see..
 
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When u least expect it,within 15 mins REX chiong with vol
 
 
manage to get rid of it yesterday at .90
will wait at .84 
Only 10000 shorted REX and kena buyin today
 
Buying-In Securities on September 13, 2013
HP NAME QUANTITY
A-Sonic 134,000
AP Strat 987
AUSSINO^ 100,000
Albedo W180329 145,000
AsiaMed 10,000
CH Offshore 5,000
CMPacific 2,000
ChinaMinzhong 26,000
ChuanHup 25,000
Dyna-Mac 3,000
GLP 5,000
GRP 20,000
Genting SP 7,000
GoldenAgr 1,000
Innopac 50,000
JiutianC 350,000
Kingboard 3,000
Lian Beng 2,000
LifeBrandz 100,000
Metal Comp 60,000
Mirach Ener 107,000
NOL 29,000
Ntegrator W160603 10,000
Rex Intl 10,000
Rowsley 50,000
Roxy-Pacific 
Last thur n fri sept 5 & 6 respecctively combined vol done> 80mil..if can remain 86-88cts for today will be healthy..attended a previe by CK of Asiacharts..he claimed REX and rowsley still looks ok on charts..he also quite zhun
wondering will rex appear on short list today....
Think difficult to surge between previous high sigh poor result still. Not attracting attention like other counters
The resistance at 9cents is just too great.
 
 
feel a bit hard....just cant go past 0.90
CHIONG!!!!!!!!
can pass $1?
ehehehe