Gulf Oil and Gas accountACCOUNT

Lime Petroleum Completes 15 Percent Farm-in Two Norwegian Licenses

Source: www.gulfoilandgas.com 6/1/2020, Location: Europe

Unless otherwise defined, capitalised terms in this announcement shall have the same meaning given to them on the Company’s press release dated 25 March 2020, in relation to the Company’s 90% subsidiary Lime Petroleum AS’s (LPA) acquisition of 15% interests in each of the licences PL937 and PL937B in the Norwegian Sea from INEOS E&P Norge AS (“INEOS”) (the Farm-in).

The Board of Directors (the Board) of Rex International Holding Limited (the “Company” or “Rex”, and together with its subsidiaries, the “Group”) refers to the Press Release and wishes to announce that it has received confirmation from LPA that the Farm-in has been completed on 29 May 2020 (the “Completion”).

Pursuant to the Completion of the Farm-in, which will have an effective date from 1 January 2020 (a standard practice for licence transactions in Norway), LPA now holds 15% interests in each of the licences PL937 and PL937B. The operator of the two licences is INEOS.

Acquisitions and Divestitures News in Norway >>

Congo >>  7/7/2020 - Zenith Energy Ltd., the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announc...
Canada >>  7/6/2020 - i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce the following update. ...

South Africa >>  7/6/2020 - Following an evaluation of the exploration potential of the blocks and an assessment of the report of the pre-feasibility phase of the Environmental I...
United States >>  7/6/2020 - BP has completed the sale of its upstream Alaska business to Hilcorp and operations of the Prudhoe Bay oil field have been transferred to Hilcorp. The...

Canada >>  7/2/2020 - Advantage Oil & Gas Ltd. has successfully closed the previously announced sale of a 12.5% interest in the Glacier Gas Plant to Topaz Energy Corp. ("To...
Nigeria >>  7/2/2020 - Sasol and Chevron have signed an agreement that will result in Sasol selling its indirect beneficial interest in the Escravos GTL (EGTL) plant in Nige...




Norway Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.