19 18 June Rex’s indirect wholly-owned subsidiary, Rex International Investments Pte. Ltd. (“RII”) enters into a joint venture agreement with Monarch Marine Holding Ltd and Peter M. Steimler, to hold LPA and Porto Novo Resources Ltd under a new joint venture company incorporated in Norway, with Rex holding an indirect 83.74 per cent interest. 20 June LPA, in partnership with OMV Norge AS and Vår Energi ASA, is awarded a CO2 storage licence in the North Sea by the Norwegian Ministry of Energy. The EXL009 Iroko carbon storage licence, located in the North Sea about 130 kilometres west of the coast from Haugesund, will be operated by Vår Energi. The Iroko area has the potential to store up to 7.5 million tonnes of CO2 annually for at least 30 years, a total of approximately 215 million tonnes. 4 July Lime Petroleum Holding AS (“LPH”), raises NOK 1.2 billion (approximately US$108.83 million#) in NOK denominated senior secured bonds with a three-year tenor. Settlement date was 17 July 2024. 16 August Rex Oman Ltd. (“Rex Oman”), MOL and the other defendants (including Mr Hans Lidgren, a controlling shareholder of the Company and past director of MOL) sign a global settlement agreement with Petroci Holding (“Petroci”) (“Settlement Agreement”), the terms of which are confidential, which provides for a full and final settlement (with no admission as to liability) of the parties' claims and termination of related judicial proceedings in the British Virgin Islands. Subject to fulfilment of closing conditions, the closing of the Settlement Agreement will result in a transfer of shares in MOL by Rex Oman to Petroci, increasing Petroci’s shareholding in MOL to 12.5 per cent. 22 August An Independent Summary Qualified Person’s Report (QPR) for the Sèmè Field in Block 1 Benin is issued. 6 September Rex announces LPA's entry into a Heads of Agreement with Canadalisted MCF Energy’s wholly-owned subsidiary Genexco GmbH (“Genexco”) for an option to farm in on Genexco's 80 per cent interest in the Reudnitz gas exploration licence in Germany. The licence is estimated to have resources of over 118 BCF of methane and over 1 BCF of Helium. 6 September Rex’s wholly-owned subsidiary, RII and its indirect wholly-owned subsidiary, Rex Technology Investments Pte. Ltd. (“RTI”) sign a share swap agreement under which RTI will acquire a total of 46.67 per cent of the shares of Xer Technologies Pte. Ltd. (“Xer”) from Limea Ltd. (“Limea”), Cresta Group Ltd. (“Cresta”) and Kjellesvik Svein Helge (“KSH”) (Limea, Cresta and KSH, collectively, the “Xer Vendors”) in consideration of RII transferring 100 per cent of the shares of Moroxite Holding Pte. Ltd. to the Xer Vendors. # US$1 = NOK 11.0262 Rex International Holding Limited 1 9
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