Rex International Holding Ltd. (SG:5WH) has released an update.
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Rex International Holding’s subsidiary, Masirah Oil Limited, has commenced a multi-well drilling program at the Yumna Field, aiming to extract attic oil with the new Yumna-5 well and enhance production through work-overs of two existing wells. The 90-day drilling campaign in Block 50 Oman is fully operated by Masirah Oil, which holds complete ownership of the block. The market will be informed post completion of the drilling activities.
For further insights into SG:5WH stock, check out TipRanks’ Stock Analysis page.
