Rex International Announces Competent Person’s Report for Benin Reservoirs

The latest announcement is out from Rex International Holding Ltd. ( (SG:5WH) ).

Rex International Holding Ltd. has announced the completion of an independent summary competent person’s report for the H7 and H8 Reservoirs in the Sèmè Field, Block 1, offshore Republic of Benin. The report, prepared by Tetra Tech RPS Energy Ltd, outlines the contingent resources of these reservoirs, which are part of the field’s Phase 2 development plan. The development of these reservoirs is contingent on the results of a new well to be drilled in 2025 and the continuation of production beyond the initial test period for the H6 reservoir. This announcement highlights the potential for future development and expansion of Rex’s operations in the region, which could impact its market positioning and stakeholder interests.

More about Rex International Holding Ltd.

Rex International Holding Ltd. is a Singapore-based company operating in the oil and gas industry. The company, along with its subsidiaries, focuses on the exploration and production of hydrocarbons, with a significant market presence in various international locations.

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Current Market Cap: S$138M

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