Rex International Holding Ltd. ( (SG:5WH) ) just unveiled an announcement.
Rex International Holding Ltd’s subsidiary, Lime Petroleum Holding AS, has signed a contract with Borr Gerd Limited for the use of a jack-up rig in the Sèmè Field, Benin. This move is part of a 120-day drilling campaign aimed at restarting production in the field by the second half of 2025, which could significantly impact the company’s operations and market positioning in the region.
More about Rex International Holding Ltd.
Rex International Holding Ltd is a company involved in the oil and gas industry, focusing on exploration and production activities. The company operates through its subsidiaries, with a significant market focus on regions such as Benin, where it holds substantial interests in oil fields.
YTD Price Performance: -1.65%
Average Trading Volume: 26,921,826
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$155M
See more data about 5WH stock on TipRanks’ Stock Analysis page.