Rex International Holding Reports October 2025 Production Figures Across Norway, Oman, and Germany

SINGAPORE, 12 November 2025 – Rex International Holding Limited (“Rex”) has released its production update for October 2025, spanning its operations in Norway, Oman, and Germany. This report offers critical insights for shareholders, particularly in evaluating the company’s operational performance and potential implications for share value.

Key Highlights from the Production Update

• Group-Wide Production: Rex’s total production for October 2025 reached 9,286 barrels of oil equivalent per day (boepd).
• Norway Operations:
  • Lime Petroleum AS (“LPA”) reported net production of 7,943 boepd from the Brage and Yme Fields.
  • Brage Field: LPA holds a 33.8434% interest. The operator is OKEA ASA. Production was impacted by scheduled and unscheduled shut-ins, including more downtime than previous months due to both planned and unplanned shutdowns, start-up problems, and temporary shut-in of a key producer during drilling activities.
  • Yme Field: LPA holds a 25% interest. The operator is Repsol Norge AS. Only oil is sold as produced gas is used internally and re-injected for enhanced recovery.
  • Ongoing Drilling: Drilling activities at Brage and Bestla (which will be tied back to Brage) are continuing.
• Oman Operations:
  • Masirah Oil Limited (“MOL”) is the operator and holds a 100% interest in offshore Block 50 (Yumna Field).
  • Yumna Field: Average gross production in October 2025 was 1,287 stock tank barrels per day (stb/d) over 31 days.
• Germany Operations:
  • Lime Resources Germany GmbH (“LRG”) reported combined net production of 56 barrels of oil per day (bopd) from Schwarzbach and Lauben Fields.
  • Schwarzbach Field: LRG holds a 100% interest and is the operator.
  • Lauben Field: LRG holds a 50% interest. The operator is ONEO GmbH & Co.KG. Only oil is sold; produced gas is used on site for heating.

Important Information for Shareholders

• Production Volatility in Norway: The Brage Field experienced more downtime than usual due to both planned and unplanned shutdowns, including start-up issues and temporary shut-ins related to nearby drilling. This operational volatility could impact near-term revenue and may be price sensitive.
• Ongoing Drilling Activities: Drilling at Brage and Bestla (to be tied back to Brage) suggests ongoing investment in production capacity, which could positively affect future output and company valuation if successful.
• Stable Oman Operations: Yumna Field in Oman continues to deliver steady production, with MOL maintaining full operatorship and control, representing a reliable revenue stream.
• German Fields Remain Small but Stable: Production from Germany is modest, but the 100% ownership in Schwarzbach ensures full value capture for Rex.
• Portfolio Diversity: Rex’s active interests in Norway, Oman, Germany, and Benin provide geographic and operational diversification, helping mitigate risk and volatility.
• Use of Proprietary Technology: Rex leverages its Rex Virtual Drilling seismic technology to de-risk exploration and development assets, potentially increasing the probability of future discoveries and enhancing investor confidence.
• Price Sensitivity: Shareholders should monitor the production stability in Norway and the progress of drilling activities, as both could affect near-term earnings and longer-term growth prospects.

Strategic Overview

Since its listing in July 2013, Rex has achieved four offshore discoveries (one in Oman, three in Norway), underlining its success in exploration and its technological edge. The company’s multinational footprint and operatorship in key fields position it well for continued growth, though operational challenges (such as those seen in the Brage Field) must be closely watched by investors.

Contact and Further Information

For more details, investors may contact Rex International Holding via Mok Lai Siong, [email protected].

Disclaimer

This article contains forward-looking statements based on current assumptions and expectations. Actual results may differ due to various risks, uncertainties, and changes in market conditions. Investors should not place undue reliance on projections or statements regarding future performance. Rex International Holding does not undertake to revise forward-looking statements in light of new information or future events.

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