Rex International Updates Reserves and Resources via Independent Report

An announcement from Rex International Holding Ltd. ( (SG:5WH) ) is now available.

Rex International Holding Ltd. has released an independent summary qualified person’s report on the reserves and resources of Lime Petroleum Holding AS’s assets in Norway, Germany and Benin, fulfilling Singapore Exchange disclosure requirements. The report, prepared by ABL Group Norway AS, is available on the company’s website and provides updated estimates for key fields where Rex holds an indirect 89.74% interest.

In Norway, the report updates prior assessments for the Yme, Brage and Bestla fields and the Lunde discovery, detailing changes in reserves and contingent resources attributable to Lime and, by extension, to Rex. For the Yme field, proved and probable oil reserves have declined mainly due to 2025 production, reduced well performance and earlier cut-off assumptions, while certain contingent resources have been revised as infill drilling projects mature, signalling both depletion of existing reserves and evolving development potential in the company’s portfolio.

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 Ltd. is a Singapore-incorporated oil and gas exploration and production company. Through its subsidiary Lime Petroleum Holding AS, the Group focuses on upstream assets primarily in Norway, with additional interests in Germany and Benin, targeting reserves and contingent resources in offshore fields and discoveries.

Average Trading Volume: 16,721,682

Technical Sentiment Signal: Sell

Current Market Cap: S$222.7M

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