News

Lime Petroleum Norway secures enlarged facility of NOK 700 million for 2015 drillings

23.03.2015

   

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.

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Lime Norway is a wholly-owned subsidiary of Lime Petroleum Plc which is jointly-controlled (indirectly) by Rex International Holding Limited (56.4%), Hibiscus Petroleum Berhad (35%), and Schroder & Co Banque SA (8.6%).