Rex International Holding Ltd. (SG:5WH) has released an update.
Rex International Holding Ltd. has announced the preparation of an independent summary qualified person’s report for the Sèmè Field in Benin, detailing plans for phased redevelopment starting mid-2025 with multiple wells and advanced production systems. The report comes amid the company’s increased effective interest in the Sèmè Field’s reserves from 67.9% to 83.74%, following a joint venture contribution agreement set to complete by October 2024. This development highlights Rex’s commitment to enhancing its assets and underlines its compliance with SGX-ST Listing Rules.
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