Akrake Petroleum Finishing Drilling Operations On Well In Sèmè Field For Production In February

Lime Petroleum Holding AS (“LPH” or the “Company”), and together with its subsidiaries, the “Group”), wishes to announce that LPH’s wholly-owned indirect subsidiary Akrake Petroleum Benin S.A. (“Akrake Petroleum”) is finishing drilling operations on the AK-2H production well in the Sèmè Field in Block 1, Benin. The well is expected to be ready for production during the first week of February 2026.

The well is designed to drain the western section of the Sèmè Field from the H6 reservoir. Over the next several days, the well will be completed and made ready for production. This involves running screens in the well across the reservoir sandstone formation and installing a down-hole electrical submersible pump (ESP). Concurrent to the well completion, the mobile offshore production unit (MOPU) Stella Energy 1 and the floating storage & offloading unit (FSO) Kristina are in the final stages of installation.

More details will be announced in due course.

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20260126_LPH_PressRelease_BeninUpdate_Final.pdf

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