Rex International Holding Ltd. (SG:5WH) has released an update.
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Rex International Holding’s subsidiary Lime Petroleum has signed an agreement for an option to acquire a significant interest in the Reudnitz gas field in Germany, with potential resources exceeding 118 billion cubic feet of methane and 1 billion cubic feet of helium. The field, located near Berlin, has been known since 1964 and displays promising multi-zone hydrocarbon potential. Lime may also become the operator of the field, signaling a strategic expansion of Rex’s asset portfolio in the energy sector.
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