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Rex expects to reap revenues from oil production

Coupled with marketing of its seismic data analysis technology which has high predictive capabilities of dry wells, the new capability will help firm turn profitable

"... we are concentrating hard on getting our assets to production because if oil prices stay where they are, we can produce profitably and bring good revenue to the company," says Mr Lidgren (left), with Mr Brostrom.

MOSTLY known as a technology oil firm, Rex International hopes to activate its production capability as an added revenue generator in a couple of years. Stabilising oil prices could serve as a boon for such aspirations.

In fact, the management of the Catalist-listed firm is banking on...

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