KUALA LUMPUR: Rex Holdings International Ltd has confirmed that its joint venture with Hibiscus Petroleum has found hydrocarbons in Oman, confirming a StarBiz report.
Rex, which is listed on the Catalist of the Singapore Exchange, said on Tuesday Masirah Oil Ltd had reached the well target depth in the second exploration well in Block 50 Oman to its final depth of more than 3,000 metres into the Cambrian formation.
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