3 March An Independent Summary Qualified Person’s Report (QPR) for the Yme, Brage and Bestla Fields and the Lunde Discovery in Norway, is issued. 18 March An Independent Summary Qualified Person’s Report (QPR) for the Sèmè Field in Benin is issued. 18 March An Independent Summary Qualified Person’s Report (QPR) for the Yumna Field in Block 50, Oman is issued. 7 April LPH announces the signing of a contract with Borr Gerd Limited, for the Gerd, a modern-built jack-up rig, to be used for an anticipated 120-day drilling campaign in the Sèmè Field in Benin operated by Akrake Petroleum Benin S.A. (“Akrake”), a wholly-owned subsidiary of LPH. 21 April An Independent Summary Qualified Person’s Report (QPR) in respect of the H7 and H8 Reservoirs in Sèmè Field in Block 1, Benin, is issued. 2025 17 January Lime Petroleum AS (“LPA”) is offered a 33.8434 per cent participating interest in PL 1252, located in the North Sea just west of the producing Brage Field, in the 2024 Awards in Predefined Areas (“APA 2024”) round in Norway. The licence has an initial period of two years and will have a Drill-or-Drop decision in 2027. 19 February Lime Petroleum Holding AS (“LPH”) sells NOK 50 million (approximately US$4.58 million#) of bonds, through the tap mechanism in its existing Senior Secured Bond with ISIN NO0013276410. After the tap issue is carried out, the total outstanding amount is NOK 1,700 million (approximately US$154.5 million). Proceeds from the tap issue will be used for general corporate purposes, including development capex in the Norwegian Continental Shelf and working capital. 27 February LPH places the final NOK 50 million (approximately US$4.58 million#) of bonds, through the tap mechanism in its existing Senior Secured Bond with ISIN NO0013276410. After the tap issue is carried out, the total outstanding amount is NOK 1,750 million (approximately US$158.91 million). 28 April Akrake announces its contracts for a Mobile Offshore Production Unit (MOPU) - to be converted from a medium-sized drilling rig and equipped with a purpose-built process package - and an Aframax tanker to be used as a Floating Storage and Offloading (FSO) unit for Akrake’s field development in Benin. 28 May LPA updates that a new discovery on the Prince prospect in the Brage Field, in which LPA has a 33.8434 per cent interest, has been made. Preliminary estimates place the size of the discovery between 1.9 to 17.5 million barrels of oil equivalents (mmboe) in place. With preliminary estimates for recovery factor, this corresponds to between 0.3 to 2.8 mmboe. Drilling of a production well in the Kim discovery has been completed, and development of PL740 Bestla (LPA: 17 per cent) as a tie-back to the Brage Field, is on time and on budget. 6 June An Independent Summary Qualified Person’s Report (QPR) for assets in Germany held by Lime Resources Germany GmbH (“LRG”) is issued. MILESTONES # Using exchange rate of USD 1 = NOK 10.9170 16 Annual Report 2025
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