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Rex International Holding Ltd. ( (SG:5WH) ) has shared an announcement.
Rex International’s indirect subsidiary Akrake Petroleum Benin is nearing completion of drilling operations on the AK-2H production well in the Sèmè Field in Block 1 offshore Benin, with the well expected to be ready for production in the first week of February 2026. The AK-2H well is designed to drain the western section of the field from the H6 reservoir, and current work includes final well completion activities such as installing screens across the reservoir sandstone and a down-hole electrical submersible pump, while the associated mobile offshore production unit Stella Energy 1 and floating storage and offloading unit Kristina are also in the final stages of installation, positioning the project for imminent start-up and potential near-term production growth for the group.
The most recent analyst rating on (SG:5WH) stock is a Hold with a S$0.14 price target. To see the full list of analyst forecasts on Rex International Holding Ltd. stock, see the SG:5WH Stock Forecast page.
More about Rex International Holding Ltd.
Rex International Holding Limited is an oil and gas exploration and production company, operating through subsidiaries such as Akrake Petroleum Benin S.A., with upstream activities including drilling and field development in offshore blocks like Block 1 in Benin’s Sèmè Field.
Average Trading Volume: 10,507,596
Technical Sentiment Signal: Sell
Current Market Cap: S$196.7M
For detailed information about 5WH stock, go to TipRanks’ Stock Analysis page.