Rex International Holding Limited, and together with its subsidiaries, shared with investors the latest addition, Rex Gas Indicator (RGI), to the suite of Rex Technologies, of which the Company is the exclusive licensee. RGI is able to detect hydrocarbons in their gaseous phase using conventional seismic data. RGI has been developed over the last two years by Rex Technology Management Ltd (RTM).
Hans Lidgren, who heads technology development at RTM, said, “RGI will be a complementary technology to Rex Virtual Drilling (RVD). With the addition of RGI to our already powerful suite of technologies, we can now search for the full spectrum of hydrocarbons in both liquid (including oil and condensate) as well as gaseous phases.”