Long ride up this afternoon after REX announced the US$45 million deal to sell its stake in North Sea oil resources. It's a lot lower than expected compared to when they gave the Powerpoint presentation 1 year ago about their NAV
Divestment of Norway assets about US$45 million cash -- anyone attended AGM last week? Got better idea on how this is progressing? Potential catalyst if confirmed or if money received soon. REX now only 7.9 cents, potentially can offer big % gain.
Just saw AGM presentation slides but no definitive answer: