ABG Sundal Collier acted as Sole Manager and Bookrunner for the NOK 450m senior secured tap issue by Lime Petroleum Holding AS

Lime Petroleum Holding AS (“Lime Petroleum Holding”) holds a 100% stake in Lime Petroleum AS with producing assets on the NCS. In addition, Lime Petroleum has signed an agreement with OKEA to acquire 15% interest in the YME Field, increasing Lime’s ownership from 10% to 25% and net production by 3,500 boepd post-acquisition. The company now holds 28.5 mmboe of 2P reserves and 26.8 mmboe of 2C resources.
The net proceeds from the tap issue will be applied towards corporate purposes of the Group, including development capex on the NCS and working capital.
Following a successful two-day virtual roadshow with investor meetings, the bond issue received notable demand from a diverse group of domestic and international high-quality institutional and private investors.