Rex International November 2025 Production Update: Key Insights for Investors

Highlights from the Latest Production Report

• Group-wide production for November 2025: Totaled 10,417 barrels of oil equivalent per day (boepd) from assets in Norway, Oman, and Germany.
• Norway (Lime Petroleum AS): Combined net production from Brage and Yme Fields reached 9,408 boepd.
• Oman (Masirah Oil Limited): Yumna Field reported gross output of 955 stock tank barrels per day (stb/d).
• Germany (Lime Resources Germany GmbH): Combined net production from Schwarzbach and Lauben Fields was 54 barrels of oil per day (bopd).
• Ongoing drilling activities: Drilling at Brage and Bestla (to be tied back to Brage) are continuing.

Detailed Breakdown by Geography

Norway: Steady Performance Amid Operational Challenges

Rex’s Norwegian production is driven by Lime Petroleum AS (LPA), an indirect subsidiary. In November 2025, the Brage and Yme Fields delivered a combined net production of 9,408 boepd. Key operational details include:

• Brage Field: LPA holds a 33.8434% interest. The operator is OKEA ASA.
• Yme Field: LPA holds a 25% interest. The operator is Repsol Norge AS. Only oil is sold, as produced gas is being used internally for operations and re-injected for improved recovery.
• Both fields experienced scheduled and unscheduled shut-ins, which are stated to be in the ordinary course of operations.
• Drilling Update: Drilling at both Brage and Bestla (which will be tied back to Brage) is ongoing, potentially supporting future production growth.

Oman: Consistent Output from Yumna Field

Masirah Oil Limited (MOL), also an indirect subsidiary and operator, reported average gross output of 955 stb/d from the Yumna Field in Block 50 offshore Oman. Notably, MOL holds a 100% interest in the asset, giving Rex full exposure to both operational upside and risks from this field.

Germany: Stable Production, Local Gas Utilization

Lime Resources Germany GmbH (LRG) reported a combined net production of 54 bopd from the Schwarzbach (100% interest) and Lauben (50% interest) Fields. LRG operates the Schwarzbach Field, while ONEO GmbH & Co.KG operates Lauben. All oil is sold, with produced gas used on-site for heating, rather than commercial sale.

Potentially Price-Sensitive Developments for Investors

• Total Group Production: The latest update confirms that Rex continues to deliver steady production across its diversified asset base. This consistency is vital for revenue and cash flow stability, key factors underpinning share value.
• Operational Interruptions: While there were both scheduled and unscheduled shut-ins at the Brage and Yme Fields in Norway, these are described as being in the ordinary course of business. Investors should monitor for any escalation or recurrence, as prolonged disruptions could impact group output and earnings.
• Ongoing Drilling at Brage and Bestla: The continuation of drilling activities at these sites could signal upcoming production growth or resource upgrades. Any positive results or successful tie-ins could be a catalyst for the share price.
• Full Ownership in Key Assets: The company’s 100% interest in the Omani and German (Schwarzbach) assets means Rex captures all the upside but also bears all operational risks.

About Rex International Holding

Rex International Holding Limited is a multinational oil exploration and production company listed on the Singapore Exchange Mainboard. It holds exploration and production licences in Norway, Germany, Oman, and Benin, and operates assets in Oman, Benin, and Germany. Rex’s proprietary Rex Virtual Drilling technology aids in de-risking exploration and development by identifying sub-surface liquids using seismic data. Since listing in 2013, Rex has achieved four offshore discoveries: one in Oman and three in Norway.

Conclusion

The November 2025 production update points to stable group output, ongoing drilling that could enhance future production, and steady operations in existing fields. Investors should watch for any updates on drilling progress at Brage and Bestla, as well as the management of operational shut-ins. The company’s continued execution and any positive operational surprises could have a material impact on share value.

Disclaimer: This article contains forward-looking statements based on currently available information and management assumptions. Actual results may differ due to risks and uncertainties in the oil and gas sector. Investors are advised not to place undue reliance on these statements and to consider their own circumstances before investing. This is not an offer or solicitation to buy or sell any securities.

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