Rex International Holding Limited (锟絉ex International Holding锟�,
锟絉ex锟� or the 锟紺ompany锟�, and together with its subsidiaries, the 锟紾roup锟�) wishes to announce that
Rex锟絪 indirect subsidiary Akrake Petroleum Benin S.A. (锟紸krake Petroleum锟�) is finishing drilling
operations on the AK-2H production well in the S锟絤锟� Field in Block 1, Benin. The well is expected to
be ready for production during the first week of February 2026.
The well is designed to drain the western section of the S锟絤锟� Field from the H6 reservoir. Over the
next several days, the well will be completed and made ready for production. This involves running
screens in the well across the reservoir sandstone formation and installing a down-hole electrical
submersible pump (ESP). Concurrent to the well completion, the mobile offshore production unit
(MOPU) Stella Energy 1 and the floating storage & offloading unit (FSO) Kristina are in the final stages
of installation.
More details will be announced in due course.