About
Lime Petroleum Holding AS (“LPH”), a company incorporated in Norway, became a subsidiary of Singapore-listed Rex International Holding Limited in 2024. LPH is the holding company of the Rex Group’s European and West African subsidiaries, including:
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Lime Petroleum AS
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Lime Resources Germany GmbH
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Akrake Petroleum Benin S.A.
The shareholders of LPH are Rex International Investments Pte. Ltd. (a wholly-owned subsidiary of Rex International Holding Limited) at 80.14%, Monarch Marine Holding Ltd at 14.11%, Schroder & Co Banque S.A. at 4.30% and Peter Steimler at 1.45%.
In 2024, LPH raised NOK1.65 billion (approximately US$153.69 million) in NOK-denominated senior secured bonds and a tap issue on the bond, to finance activities undertaken by LPH’s subsidiaries in Norway and Benin.
LPH and its wholly-owned subsidiaries are working to grow its portfolio of oil and gas assets in Europe and West Africa.
