Rex reports five-fold year-on-

2021-08-12

Rex reports five-fold year-on-year increase in revenue for 1H FY2021 with strong EBITDA, profit and cash position development

- Operational revenue of US$75.76 million net of government take from oil sales in Oman in 1H FY2021

- Strong cash position with cash, cash equivalents, quoted investments and receivables (less government&rsquo s share) totalling US$84.54 million as at 30 June 2021

- Further strengthening of the results going forward by the acquisition of 33.84% interest in the producing Brage Field in Norway which will be effective from 1 January 2021 upon completion, adding estimated production of 3,440 barrels of oil equivalent per day net to Lime Petroleum

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