Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Rex International Holding Ltd. ( (SG:5WH) ) has provided an announcement.
Rex International’s Norwegian subsidiary Lime Petroleum AS has strengthened its North Sea position after being awarded a 25 per cent stake in production licence PL1279, which contains the Vette discovery and is planned to be developed in conjunction with the nearby Yme field operated by Repsol Norge. In parallel, Lime’s operational progress continues at the Brage field, where a three-well drilling campaign has concluded and the new Talisker production well has started output on schedule, pointing to potentially higher production and improved asset value for the company’s Norwegian portfolio.
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 a Singapore-listed oil exploration and production company, operating through subsidiaries such as Lime Petroleum AS in Norway. The Group focuses on upstream activities, including participation in offshore licences and field developments on the Norwegian Continental Shelf, with an emphasis on proven producing areas like the North Sea.
Average Trading Volume: 11,236,575
Technical Sentiment Signal: Hold
Current Market Cap: S$201.9M
For an in-depth examination of 5WH stock, go to TipRanks’ Overview page.