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Rex: Subsidiary Lime Petroleum Awarded New Licence In Norway.
17 Jan 2025 13:31Rex International Holding Limited is pleased to announce that its subsidiary Lime Petroleum AS has been offered a 33.8434 per cent participating interest in a new offshore licence in the 2024 Awards in Predefined Areas round in Norway. The new licence, PL 1252, is located in the North Sea, just west of the producing Brage Field, in which LPA also has a 33.8434 per cent interest. OKEA is the operator of PL 1252 with a 35.2 per cent interest, and Petrolia NOCO is the third partner with a 30.9566 per cent interest. The licence has an initial period of two years and will have a Drill-or-Drop decision in 2027. The licence award will be finalised in February or March 2025...
More information available here.
Source: ShareInvestor Express
