Lime Petroleum is a small, dynamic exploration oil company. Since the company was established in 2011 we have secured an attractive license portfolio in the Middle East and Norway. Read more...
Oslo, Norway, 23 March 2015 – Lime Petroleum Norway AS (“Lime Norway”) is pleased to announce that it has secured an increase of its financing facility from Skandinaviska Enskilda Banken AB from NOK 300 million to NOK 700 million to fund its participation in its offshore exploration drilling program in 2015. The facility was first secured in December 2013.
The recent farm-in to PL338C gave Lime Petroleum Norway AS (”Lime Norway”) the opportunity to participate in a licence with drilling of the Gemini prospect and containing the Rolvsnes oil discovery.
Drilling of the Gemini prospect has been concluded as a dry well. The well stopped at 2,269 m below sea surface at the minimum required level and before penetrating the full section where Rex Virtual Drilling (”RVD”) had seen strong indication of the presence of hydrocarbons. At the time of drilling, Lime Norway’s entry was pending governmental approval and thus unable to vote on deepening the well.
Oslo, Norway, 17 March 2015 – Lime Petroleum Norway AS (“Lime Norway”) is pleased to announce that our owners Rex International Holding and Hibiscus Petroleum Berhad have on 16 March 2015 injected capital amounting to an aggregate of USD 12,5 million (NOK 100 million) into Lime Norway. The capital injection is done through their joint controlled entity Lime Petroleum Plc. Lime Petroleum Plc remains the sole shareholder in Lime Norway after the capital injection.
Oslo, Norway, 24 February 2015 – Lime Petroleum Norway AS ("Lime Norway") has entered into an agreement with Lundin Norway AS (''Lundin'') to acquire 30% interest in licence PL338C in the North Sea. Following this and other pending transactions, the ownership will be Lundin operator 50%, Lime Petroleum 30% and OMV 20%. The transfer is subject to authority approval.
Lime Petroleum is a small, dynamic exploration oil company. Since the company was established in 2011 we have secured an attractive license portfolio in the Middle East and Norway. Our 3 major share holders are...
Lime Petroleum explores for oil by combining best practice exploration methodology with our own proprietary technology and work processes. We seek to explore our licenses in an expedient and efficient manner.
Since 2010, Lime Petroleum has acquired licenses in the Middle East and Europe for offshore and onshore exploration. In March 2011 Rex Oil & Gas acquired offshore Block 50 in Oman and offshore...