Rex International Reports February 2026 Production Update: Key Insights for Shareholders

Summary of Key Points

• Group-wide Production: Rex International Holding Limited (“Rex” or “the Company”) reported total production of 10,300.1 barrels of oil equivalent per day (boepd) in February 2026 across Norway, Oman, and Germany.
• Norway (Brage Field): Lime Petroleum AS (LPA), an indirect subsidiary of Rex, reported net production of 9,510 boepd from the Brage Field. LPA holds a 33.8434% interest in this field, which is operated by OKEA ASA. The field experienced scheduled and unscheduled shut-ins during the month, but these were described as part of normal operational activities.
• Oman (Yumna Field, Block 50): Masirah Oil Limited (MOL), a wholly owned subsidiary and operator, reported gross production of 746 stock tank barrels per day (stb/d) over 28 days. MOL holds a 100% interest in Block 50 Oman.
• Germany (Schwarzbach & Lauben Fields): Lime Resources Germany GmbH (LRG) produced a combined 44.1 barrels of oil per day (bopd) net from the Schwarzbach and Lauben Fields. LRG holds 100% of Schwarzbach and 50% of Lauben. The Schwarzbach Field was shut in from 25 February for a three-week planned 10-year Recertification and Maintenance.
• Yme Field (Norway): LPA also holds a 25% interest in the Yme Field operated by Repsol Norge AS, but February 2026 production numbers for this asset were not available at press time, which introduces some uncertainty for the calculation of full Norwegian production.

Details Investors Should Note

• Production Stability and Field Operations: Scheduled and unscheduled shut-ins at the Brage Field, though characterized as routine, should be monitored as they can impact near-term output and financial performance. Similarly, the planned shutdown at the Schwarzbach Field for recertification, while scheduled, will temporarily reduce German output.
• Yumna Field Output: The relatively modest average daily production in Oman highlights the importance of monitoring operational efficiency and potential for future development in Block 50, considering MOL is the 100% owner and operator.
• Lack of Data on Yme Field: The absence of February 2026 production data for the Yme Field adds a degree of uncertainty to Rex’s Norwegian output figures. The Yme Field has previously been a material contributor, and any operational or reporting issues could affect investor confidence.
• Strategic Asset Ownership: Rex holds operatorship of key assets in Oman, Benin, and Germany, which gives it greater control over operational decisions and future project timelines.
• Technology Advantage: The Group utilizes proprietary Rex Virtual Drilling technology for de-risking exploration and development assets, supporting its ability to identify liquid hydrocarbons efficiently.

Potential Price-Sensitive Information

• Production Volatility: Any extended or unexpected shut-ins, especially in key assets like Brage or Schwarzbach, could negatively affect production volumes and revenue, potentially impacting share price.
• Unreported Yme Field Data: The lack of current production data from the Yme Field could create short-term uncertainty for investors. If subsequent reports indicate lower-than-expected production, this may weigh on the company’s valuation.
• Operational Control: Rex’s position as operator and majority stakeholder in several assets allows it to drive project timelines, which could be beneficial if new production enhancements or discoveries are announced in the future.

Comprehensive Production Breakdown

Company Overview

Rex International Holding Limited is a multinational oil exploration and production company listed on Singapore Exchange’s Mainboard. The Group has assets in Norway, Germany, Oman, and Benin, and is the operator for projects in Oman, Benin, and Germany. Its proprietary Rex Virtual Drilling technology is a key differentiator, enhancing its exploration success rates.

Conclusion

While the February 2026 production update shows stable output across Rex’s key assets, investors should note the impact of scheduled maintenance and the lack of reported production for the Yme Field, which may contribute to short-term uncertainty. Any future updates regarding Yme and the resumption of production at Schwarzbach could be catalysts for share price movement. The company’s operational control and technology-driven approach remain strategic strengths.

Disclaimer: This article contains forward-looking statements and interpretations based on the company’s published data. Actual results may differ due to operational, market, or regulatory factors. This is not investment advice. Investors should consider their own financial circumstances and consult professional advisers before making investment decisions.

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