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Rex jumps on news of Oman hydrocarbon find
Discovery made using firm's virtual drilling technology
Published Tue, Feb 4, 2014 · 10:00 PM
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DEFYING a weak market, Swedish oil and gas exploration firm Rex International's shares rose 8 per cent to 65 cents yesterday amid heavy trading, after it said that a joint-venture unit had found hydrocarbons in a second exploration well in Oman.
The discovery, made using the Rex Virtual Drilling technology, is a testament to the accuracy of Rex's direct hydrocarb…
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