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Rex International Holding Ltd. ( (SG:5WH) ) just unveiled an announcement.
Rex International Holding Ltd.’s subsidiary, Lime Resources Germany GmbH, has received approval for its Main Operating Plan for the Steig Field in Baden Württemberg. This approval allows the company to proceed with development planning, including drilling and site construction, with an estimated 1.6 million barrels of oil equivalent in recoverable resources and significant prospective resources identified. The development is subject to further permits, with negotiations underway for a production site, indicating a strategic step forward in the company’s operational expansion.
More about Rex International Holding Ltd.
Rex International Holding Ltd. is a company involved in the oil and gas industry, focusing on exploration and production activities. The company, through its subsidiaries, engages in the identification and development of hydrocarbon resources, leveraging modern technology and geological expertise.
Average Trading Volume: 40,099,143
Technical Sentiment Signal: Buy
Current Market Cap: S$227.9M
See more insights into 5WH stock on TipRanks’ Stock Analysis page.