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Rex International Holding Ltd. ( (SG:5WH) ) has shared an update.
Rex International Holding’s indirect subsidiary Akrake Petroleum Benin S.A. is on track to commence production at the offshore Sèmè Field in Block 1, Benin, by the end of January 2026, following completion of the AK-2H horizontal production well in the H6 reservoir. The Stella Energy 1 mobile offshore production unit and Kristina floating storage and offloading unit have already been upgraded and positioned on site, while the recent drilling campaign, which included an exploration well and two production wells, faced significant delays due to challenging geomechanically unstable shale layers; new geo-mechanical data were used to optimise drilling parameters, and a further rig is planned later in 2026 to finalise remaining drilling operations.
The most recent analyst rating on (SG:5WH) stock is a Hold with a S$0.16 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 Limited is an oil and gas exploration and production group based in Singapore, operating through subsidiaries such as Akrake Petroleum Benin S.A. The company focuses on offshore hydrocarbon assets, including the Sèmè Field in Block 1 offshore Benin, and deploys mobile offshore production units and floating storage and offloading vessels to monetise discovered reservoirs.
Average Trading Volume: 9,845,963
Technical Sentiment Signal: Sell
Current Market Cap: S$179.7M
For detailed information about 5WH stock, go to TipRanks’ Stock Analysis page.