Oslo, Norway, 21 January2015 – Lime Petroleum Norway AS ("Lime Norway") has been awarded one new offshore licence in the 2014 Awards in Predefined Areas("APA 2014") round. The licence is PL591C, and will be an addition to the existing licence PL591 held by the same partnership which comprises the parties Tullow Oil Norge AS (operator) holding a 80 per cent stake, NorthEnergy ASA ("North Energy ") holding a 15 per cent stake and LimeNorway holding a 5 per cent stake. PL591C covers flock 6507/11 and is located in the Norwegian Sea. The Zumba prospect in PL591 is scheduled for drilling in mid 2015 and the new licence secures an extension of this prospect.
* * *
Lime Norway is a wholly-owned subsidiary ofLime Petroleum Plc. Lime Petroleum Plc is a jointly-controlled entity by RexInternational Holding (65%) and Hibiscus Petroleum Berhad (35%).