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Rex International Holding Ltd. ( (SG:5WH) ) has shared an update.
Rex International Holding Ltd. has released an independent summary qualified person’s report for the Yumna Field in Block 50 Oman, prepared by Exceed Torridon Limited. This report updates previous assessments and includes new development plans to optimize the field’s depletion. The report indicates a 27% increase in the base 2P reserves due to further optimization of the depletion plan, highlighting the company’s ongoing efforts to enhance resource extraction and its potential impact on production forecasts.
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, is involved in the exploration and production of oil resources, with a significant focus on the Yumna Field in Block 50 Oman.
Average Trading Volume: 36,047,896
Technical Sentiment Signal: Buy
Current Market Cap: S$286.5M
See more insights into 5WH stock on TipRanks’ Stock Analysis page.