Cash injection assists drilling campaign offshore Oman

Rex International Holding subsidiary Rex Oman has acquired new shares in Masirah Oil, resulting in a capital injection of $5.4 million.

Offshore staff

SINGAPORE– Rex International Holding subsidiary Rex Oman has acquired new shares in Masirah Oil, resulting in a capital injection of $5.4 million.

Masirah needed the money to pursue its current drilling program for the Karamah#1 exploration well inblock 50 offshore Oman, and to continue its operations in country.

The company operates the concession with a 100% interest.

05/09/2017

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