Singapore Exchange Ltd (SGX)

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With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

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Asia’s leading multi-asset exchange

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Equity Bottom-Up

Rex International Holding / Equity Bottom-Up

<h2>10 Questions for Rex International</h2>
Company Overview Rex International Holding is an oil exploration and production 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. <a href="https://www.sgx.com/securities/equities/5WH" target="_blank" rel="noopener">Link to StockFacts company page</a>
<ol>
<li>For investors that are new to Rex International, could you elaborate what the company does?</li>
</ol>
<ul>
<li>Rex International is an international oil exploration and production (E&amp;P) company with licences in Oman and Norway. We are differentiated with our proprietary Rex Virtual Drilling technology, which helps to de-risk exploration assets through the analysis of seismic data to determine the presence of hydrocarbons.</li>
<li>Since our listing in July 2013, the Group has achieved four discoveries – one in Oman and three in Norway. In February 2020, the Group achieved first oil production from its Yumna Field in Oman and has become a fullfledged oil E&amp;P company.</li>
</ul>
2. Describe Rex’s operations and its assets in the offshore oil E&amp;P industry.
<ul>
<li>In Oman, we achieved first oil in the Yumna 1 and obtained Declaration of Commerciality in July 2020. The Yumna 1 produced 2.12 MMstb (MMstb = million stock tank barrels) of oil in 2020 which were sold. Since then, we have drilled two more wells (Yumna 2 and 3) and upgraded the liquid capacity of our production facilities to cater to the increased production from the three Yumna wells.</li>
<li>A summary qualified person’s report (QPR) issued on 5 March 2021 placed the Yumna Field reserves at 8.6 MMstb, with 2.12 MMstb produced in 2020. A QPR by Aker Geo and Pareto Asia dated 28 February 2012, had estimated the arithmetic sum of best estimate gross unrisked prospective resources in the entire Block 50 Oman to be over 4 billion barrels.</li>
<li>In Norway, our subsidiary Lime Petroleum AS (LPA) is a pre-qualified company that benefits from the Norwegian tax system with 78% cash-back of all exploration expenditures, allowing it to participate in the mature Norwegian Continental Shelf alongside best-in-class international oil companies. LPA has since participated in three discoveries. Today, LPA holds interests in 13 licences in its portfolio, including three discovery assets en route to development.</li>
</ul>

10 Questions for Rex International
Company Overview Rex International Holding is an oil exploration and production 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. Link to StockFacts company page

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


Rex International is an international oil exploration and production (E&amp;P) company with licences in Oman and Norway. We are differentiated with our proprietary Rex Virtual Drilling technology, which helps to de-risk exploration assets through the analysis of seismic data to determine the presence of hydrocarbons.
Since our listing in July 2013, the Group has achieved four discoveries – one in Oman and three in Norway. In February 2020, the Group achieved first oil production from its Yumna Field in Oman and has become a fullfledged oil E&amp;P company.

2. Describe Rex’s operations and its assets in the offshore oil E&amp;P industry.

In Oman, we achieved first oil in the Yumna 1 and obtained Declaration of Commerciality in July 2020. The Yumna 1 produced 2.12 MMstb (MMstb = million stock tank barrels) of oil in 2020 which were sold. Since then, we have drilled two more wells (Yumna 2 and 3) and upgraded the liquid capacity of our production facilities to cater to the increased production from the three Yumna wells.
A summary qualified person’s report (QPR) issued on 5 March 2021 placed the Yumna Field reserves at 8.6 MMstb, with 2.12 MMstb produced in 2020. A QPR by Aker Geo and Pareto Asia dated 28 February 2012, had estimated the arithmetic sum of best estimate gross unrisked prospective resources in the entire Block 50 Oman to be over 4 billion barrels.
In Norway, our subsidiary Lime Petroleum AS (LPA) is a pre-qualified company that benefits from the Norwegian tax system with 78% cash-back of all exploration expenditures, allowing it to participate in the mature Norwegian Continental Shelf alongside best-in-class international oil companies. LPA has since participated in three discoveries. Today, LPA holds interests in 13 licences in its portfolio, including three discovery assets en route to development.


10 in 10 with Rex International - Oiled Up