Rex International Holding Ltd. (SG:5WH) has released an update.
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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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