News

Stake increase in PL498

19.12.2013

     

Oslo, Norway, 19 December 2013 - Lime Petroleum Norway AS (“Lime Norway”) is pleased to announce that we today have signed an agreement with North Energy to acquire their 20% stake in PL498. After the transaction Lime Norway will hold a 25% stake in PL498. The transaction is pending regulatory approval.

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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%).