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Rex International Holding Ltd. ( (SG:5WH) ) has issued an update.
Rex International Holding’s indirect subsidiary Masirah Oil Limited has secured the Energy Emerger jack-up drilling rig, operated by Northern Offshore Drilling Operations, for a multi-well development programme in the offshore Yumna Field in Block 50, Oman, starting in March 2026. The rig, previously deployed in MOL’s 2024 drilling campaign, will drill three new producer wells aimed at boosting oil production rates and extending the commercial life of the Yumna Field, reinforcing Rex’s operational growth plans in Oman and its role as operator with a 100 per cent interest in Block 50.
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 an oil and gas exploration and production group with operations that include offshore assets in Oman. Through its indirect subsidiary Masirah Oil Limited (MOL), the Group focuses on developing the Yumna Field in Block 50 offshore Oman, where MOL acts as operator and holds full interest in the block.
Average Trading Volume: 11,201,711
Technical Sentiment Signal: Buy
Current Market Cap: S$199.3M
Find detailed analytics on 5WH stock on TipRanks’ Stock Analysis page.