External broker reports(aggregated public sources), UOB Kay Hian

UOB Kay Hian

External broker reports(aggregated public sources)

Backed by the UOB Group, UOB Kay Hian is one of Asia’s largest brokerage firms. Headquartered in Singapore, we are supported by more than 80 branches worldwide including a growing network of offices across Southeast Asia, Greater China, the United Kingdom and North America. Our global footprint and strong international presence have enabled us to feel the pulse of key financial markets and deliver incisive intelligence across industry sectors and asset classes. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Rex International Holding / Equity Bottom-Up

<ul><li>12 months after new oil production facilities were installed at the Yumna oil field offshore Oman (which is Rex International’s major cash cow), production has yet to regain the highs seen in 2021.</li><li>Instead, production remains stubbornly at 50% below change-out of the new facilities.</li><li>One year after the successful hook-up and commissioning of the new floating storage tanker and mobile offshore production unit (MOPU) at its key Yumna asset offshore Oman, production has continued to disappoint.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

12 months after new oil production facilities were installed at the Yumna oil field offshore Oman (which is Rex International’s major cash cow), production has yet to regain the highs seen in 2021.Instead, production remains stubbornly at 50% below change-out of the new facilities.One year after the successful hook-up and commissioning of the new floating storage tanker and mobile offshore production unit (MOPU) at its key Yumna asset offshore Oman, production has continued to disappoint.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Rex International - Yumna Oil Field Remains Problematic

Singapore

Rex International Holding Limited is a production and exploration oil company with concessions in Norway, UAE, Oman, and the US.

Rex International Holding (REXI SP)

Rex International - Yumna Oil Field Remains Problematic

Over the past two years, Yumna’s production has declined by >60%, with the latest May 23 data showing a 10% m-o-m decline.

UOB Kay Hian