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Rex International Holding Ltd. ( (SG:5WH) ) has issued an announcement.
Rex International Holding Ltd.’s subsidiary, Akrake Petroleum, has commenced drilling the first well in the Sèmè Field, Benin, marking the start of a 100-day work program aimed at redeveloping the field. This initiative is expected to revive oil production in the region after nearly three decades, with anticipated production rates of 15,000 barrels per day by the end of 2025, potentially enhancing Rex’s operational footprint and market position.
More about Rex International Holding Ltd.
Rex International Holding Ltd. is an independent oil exploration and production company. It focuses on the exploration and development of oil fields, with a particular emphasis on utilizing advanced technology to optimize oil extraction and production.
Average Trading Volume: 40,448,168
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$254M
See more data about 5WH stock on TipRanks’ Stock Analysis page.