Currently, there are several exploration activities underway in Poland and the UK by the Helios group of companies.
John d’Abo, executive chairman of Rex International, says, “The joint study will allow us to evaluate further if there are synergies to be reaped and for Rex to contribute towards action against climate change in the future.”
Ian Munro, CEO of Helios Aragon, says, “Oman is widely regarded as one of the more prospective countries for the near-term discovery of commercial quantities of natural hydrogen.”
He adds: “We plan to leverage exploration learnings from Spain and elsewhere in Europe together with Rex’s local operational expertise to develop a thorough understanding of the hydrogen play system in Oman.”
See also: Global oil surplus to persist in 2026 as demand sags, IEA says
Shares in Rex International closed 0.1 cents higher, or up 1.0%, at 10.1 cents on Sept 23.
