exploration

SINGAPORE (Mar 6): RHB is initiating coverage on GSS Energy at “buy” with a target price of 25 cents, saying the stock is significantly undervalued and an ideal proxy to the tech and oil & gas sectors.

SINGAPORE (March 20): Oil company Rex International Holdings says Masirah Oil, its indirect wholly-owned subsidiary, has commenced the drilling of exploration well Karamah#1 in Oman’s Block 50.

SINGAPORE (March 20): CNMC Goldmine Holdings is proposing to acquire a 100% stake in what would be its third mining asset in Malaysia, KelGold Mining, for RM2.5 million ($0.8 million) in cash.