Rex International s subsidiary Lime Petroleum has completed the 20 per cent farm-in to licences PL867 and PL867B Gjegnalunden in the North Sea, operated by Aker BP. Exploration drilling of the Gjegnalunden prospect, targeting a reservoir in the Jurassic section, is likely to be in the second half of 2022.
Rex International s subsidiary Lime Petroleum has completed the previously announced acquisition of 33.8434% interests in the Wintershall Dea Norge-operated Brage field and five licences on the Norwegian Continental Shelf over which the Brage field straddles for a post-tax consideration of US$42.6 million from Repsol Norge.
To say it has been rough in September might seem like an understatement. Not only was the market rocked by inflation and interest rate concerns, it also had to deal with the debt saga involving China-based property giant Evergrande and its potential contagion in other East Asian asset markets. The question is whether, heading into .