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Rex seeks oil in Oman to steady topline growth

Oil E&P player is armed with proceeds from divestment in Norway and a surging share price.

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Rex has not paid out dividends since its listing in 2013, but it is "on the wishlist" and could be realised if the Omani venture takes off, says executive chairman Dan Broström.

REX International Holding is in the thick of assessing the production capacity of its oilfield asset in Oman. The Catalist-listed firm sees itself progressing towards a robust revenue stream with this move, on the back of stabilised oil prices, executive chairman Dan Broström told The Business...