Partnership

Lime Petroleum Norway has a strong partnership with Rex Technology Management through a license agreement granting access to the following proprietary technologies:

(i)          Rex Gravity© - using satellite gravity data to detect structural highs within
              sedimentary basins, forming the basis for petroleum accumulation.

 (ii)         Rex Seepage© - using satellite thermal imaging to detect surface oil seeps.

 (iii)        Rex Virtual Drilling© - using low-frequency seismic resonance to detect the
               presence of oil filled reservoirs
.