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The latest update is out from Rex International Holding Ltd. ( (SG:5WH) ).
Rex International Holding Ltd. announced the commencement of an exploration well in the Brage Field, Norway, where its subsidiary Lime Petroleum AS holds a significant stake. This well is part of a three-well campaign aimed at testing new geological layers for hydrocarbons, potentially adding reserves and extending the field’s lifespan. The campaign includes another exploration well and a new production well, with production expected to start in the first quarter of 2026. The ongoing development, including the Bestla tie-back, is progressing as planned, promising to enhance the field’s value.
More about Rex International Holding Ltd.
Rex International Holding Ltd. is a multinational company specializing in oil exploration and production. The company, along with its subsidiaries, focuses on discovering and developing oil fields, with a significant interest in the Brage Field in Norway through its subsidiary Lime Petroleum AS.
Average Trading Volume: 39,478,858
Technical Sentiment Signal: Buy
Current Market Cap: S$221.4M
For detailed information about 5WH stock, go to TipRanks’ Stock Analysis page.