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Update On Project And Drilling Campaign In Sèmè Field, Benin

Lime Petroleum Holding AS (“LPH”) refers to its press release dated 5 August 2025 and announcement dated 19 November 2025, and wishes to provide an update on the ongoing drilling campaign in the Sèmè Field in Benin.

 

The drilling campaign has encountered further significant technical issues. As such, production will not take place in 2025. Nonetheless, drilling operations are continuing at the moment to attempt to resolve these issues.

 

Further updates will be announced in due course.

 

Akrake Petroleum Benin S.A. holds a 76 per cent interest* in the Sèmè Field in Block 1, Benin and is the operator. It is a wholly-owned subsidiary of LPH, an 89.74 per cent subsidiary of Rex International Holding Limited.

 

*Subject to the Benin government’s entitlements under the Production Sharing Contract (PSC).

 

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