Lime Petroleum AS

Oil & Gas

Rex subsidiary to acquire 4 mmboe of net contingent resources in Brasse Field, Norway

The Brasse Field is expected to start commercial production in 2027.

Oil & Gas

Rex issues oil production update for February

Shares in Rex International closed 0.2 cents lower or 1.2% down at 16.5 cents on March 9.

Oil & Gas

Rex International's subsidiary sees $133.9 mil senior secured bond fully subscribed

The bonds are expected to be issued on July 5, with a maturity date of July 7, 2025.

Results

Rex International Holding sees increased oil production and positive cash flow for FY2021

Rex’s 2021 Round-up sees a transformational year in increased oil production and positive cash flow

Crude Oil

Rex’s Norway subsidiary divesting stake in non-core Barents Sea asset

(Oct 15): Rex International’s 90% subsidiary Lime Petroleum AS is divesting its 20% stake in the Barents Sea licence PL850, a non-core asset, to an external third party.

M&A

Rex's Lime Petroleum wins new offshore licence in Norway

SINGAPORE (Jan 18): Rex International, the tech-driven oil exploration company, announced its 87.84% subsidiary, Lime Petroleum AS, has won a new offshore licence in Norway.
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