News

Capital Injection

09.01.2014

    

Oslo, Norway, 9 January 2014 – Lime Petroleum Norway AS (“Lime Norway”) is pleased to announce that our owners Rex International Holding and Hibiscus Petroleum Berhad through its subsidiaries Rex Middle East and Gulf Hibiscus Limited have on 8 January 2014 injected capital amounting to an aggregate of USD 16 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.

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Lime Norway is a wholly-owned subsidiary of Lime Petroleum Plc. Lime Petroleum Plc is a jointly-controlled entity by Rex International Holding (65%) and Hibiscus Petroleum Berhad (35%).