Rex

Rex: The group completed a capital injection NOK100m (US$11.7m) into Lime Petroleum Norway (LPN), a subsidiary of the group's associated firm, Lime Petroleum. The injection was done via a subscription of 1m shares in LPN and Rex's effective interest in the company increased from 65% to 74.2%. The group considers LPN's assets in Norway to have much potential for growth. LPN has stakes in 16 licences in the Norwegian Continental Shelf, with plans to drill a minimum of three wells by 2016.