Rex International Holding Limited, a technology-driven oil
exploration and production company, refers to the press release issued on 7 September 2021 by its
86.37 per cent subsidiary, Masirah Oil Limited, which announced the following:
“Muscat, 7 September 2021: Masirah Oil Limited (“MOL”) has announced that gross oil
production in August 2021 from the Yumna Field in offshore Block 50 Oman, amounted to
10,655 stock tank barrels per day (stb/d).
Production was choked back during August to carry out the annual calibration of safety valves
and for upgrades to the transfer pumps.
MOL holds a 100 per cent interest in Block 50 Oman and is the operator.”