Rex International Holding

The 10% stake was sold at a post-tax consideration of US$68.1 million ($91.9 million).

The licenses come with the Iving and Evra discoveries and are located in the Utsira High area.

Karl and Hans Lindgren, who hold 34.7% in Rex International, collectively own a 95% stake in the drone company.

Find out about Rex International, and how it is coping with the shifting energy market.

United Global is the sector winner for Centurion Club: Applied Resources; Energy – Fossil Fuels; Mineral Resources.

SINGAPORE (March 13): Crude oil prices have already taken a blow since the start of 2020. The out­break of the novel coronavirus or Cov­id-19 did not only infect more than 119,000 and kill more than 4,000, but also impeded economic activity. This led to

SINGAPORE (Dec 16): UOB Kay Hian is initiating coverage of Rex International Holding (Rex) with a "buy" and a target price of $0.218, or 1.1 times 2020 book value.

SINGAPORE (Aug 19): Shares in Rex International Holding are trading 1 cent or 8.82% higher at $0.07 at 11.48am on Monday with 29.3 million units traded after unveiling its business strategy for the immediate future.

(Oct 15): Rex International’s 90% subsidiary Lime Petroleum AS is divesting its 20% stake in the Barents Sea licence PL850, a non-core asset, to an external third party.

SINGAPORE (Sept 19): Rex International Holding is seeking to turn profitable in 2020 when two of its oil wells in Oman and Norway come on stream.