Rex International Holding Reports Strong January 2026 Production Across Norway, Oman & Germany

Key Highlights for Investors

• Total Group Production: Rex International Holding achieved a combined output of 12,010.5 barrels of oil equivalent per day (boepd) in January 2026 across Norway, Oman, and Germany.
• Norway:
  • Lime Petroleum AS, Rex’s indirect subsidiary, reported 11,104 boepd net production from the Brage and Yme Fields.
  • Brage Field: Lime Petroleum holds a 33.8434% interest. Operated by OKEA ASA.
  • Yme Field: Lime Petroleum holds a 25% interest. Operated by Repsol Norge AS.
  • Production at both fields was affected by scheduled and unscheduled shut-ins, considered routine operational events.
  • The Talisker A-15D production well at Brage was completed and started production in the first week of January, potentially enhancing future output.
• Oman:
  • Masirah Oil Limited, another subsidiary, delivered an average gross production of 854 stock tank barrels per day (stb/d) from the Yumna Field, offshore Block 50.
  • MOL is the operator and holds a 100% interest in Block 50 Oman, providing full exposure to upside and risk.
• Germany:
  • Lime Resources Germany GmbH reported combined net production of 52.5 barrels of oil per day (bopd) from the Schwarzbach and Lauben Fields.
  • Schwarzbach Field: 100% owned and operated by LRG.
  • Lauben Field: LRG holds a 50% interest, operated by ONEO GmbH & Co.KG.
  • Gas produced is used onsite for heating, not sold commercially.

Potential Price-Sensitive Information for Shareholders

• Production Volatility: The presence of scheduled and unscheduled shut-ins at both Brage and Yme Fields highlights operational risks that can impact short-term production and revenue. However, these are described as routine and not atypical.
• New Well Commencement: The Talisker A-15D well at Brage began production in January. This could signal an increase in future output, positively impacting revenues and potentially share price if sustained.
• Full Ownership in Oman: With Masirah Oil Limited holding 100% in Block 50 Oman, Rex’s shareholders benefit from any upside in production and oil prices in that region, but also bear all associated risks.
• Stable Operations in Germany: Production in Germany, though small in scale, is steady and diversified across two fields, with gas used onsite for heating, reducing operational costs.
• Geographical Diversification: Rex International Holding’s production assets span Europe (Norway, Germany) and the Middle East (Oman), providing risk diversification and exposure to multiple oil markets.
• Technology Advantage: Rex leverages its proprietary Rex Virtual Drilling technology to de-risk exploration, potentially allowing for more efficient identification of liquid hydrocarbons and lowering exploration risk.

Operational Details & Strategic Position

Rex International Holding is a technology-driven oil exploration and production company listed on the Singapore Exchange Mainboard. The Group holds interests in Norway, Germany, Oman, and Benin, with operatorship in Oman, Germany, and Benin. This diversified asset base and operational control in key regions position Rex to respond swiftly to market opportunities and operational challenges.

The Group’s strategy includes using proprietary seismic technologies to identify liquid hydrocarbon resources, potentially reducing exploration risk and enhancing shareholder value through improved resource discovery and production.

Investor Takeaways

• The completion and start-up of the Talisker A-15D well at Brage may bolster future production and revenues.
• Production levels in January 2026 were robust, but investors should monitor the impact of operational shut-ins on future output and profitability.
• Rex’s full exposure in Oman and innovative approach using proprietary technology could drive future upside, but also exposes shareholders to concentrated risk.
• Germany’s stable, if modest, production contributes to cash flow and operational diversity.
• Overall, the operational update reflects both strengths and routine challenges, with new production wells and diversified assets supporting the Group’s forward outlook.

Contact Information

For further information, investors may contact Mok Lai Siong at [email protected].

Disclaimer

This article contains information based on official press releases and may include forward-looking statements reflecting Rex International Holding’s current views regarding future events and operational performance. Actual results may differ due to risks, uncertainties, and assumptions beyond the company’s control. Investors are cautioned not to place undue reliance on these statements. The company does not undertake to update any forward-looking statements, whether due to new information, future events, or otherwise.

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