Masirah Oil Ltd

Masirah Oil LTD an oil producer and holds 100 percent of the Block 50 Oman, and

approximately 17,000 sq km offshore concession located in Gulf of Masirah, east of Oman.

Masirah Oil is a subsidiary of Rex International Holding. First oil was achieved in Block 50

Oman in February 2020 and approval of the Field Development plan for the Yumna Field and

Declaration of Commerciality “DOC” were obtained in July 2020. The DOC enables MOL to

fully develop the Yumna Field while continuing to explore the rest of Block 500 Oman.