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Rex International Holding Ltd. ( (SG:5WH) ) has provided an update.
Rex International Holding’s subsidiary, Lime Petroleum Holding AS, has made significant progress in its operations across Benin, Norway, and Germany. In Benin, the company has commenced a 100-day drilling program with the first well spudded, and the Mobile Offshore Production Unit is on track for production start in Q4 2025. In Norway, production at the Brage Field has exceeded expectations, with output 43% above budget forecasts, and is expected to remain strong throughout the year. These developments indicate a positive impact on the company’s operations and industry positioning, potentially benefiting stakeholders.
More about Rex International Holding Ltd.
Rex International Holding Limited is a multinational oil exploration and production company. Its primary focus is on the exploration and production of oil, with a significant market presence in regions such as Benin, Norway, and Germany.
Average Trading Volume: 39,869,212
Technical Sentiment Signal: Buy
Current Market Cap: S$231.8M
Learn more about 5WH stock on TipRanks’ Stock Analysis page.