Rex’s Lime Petroleum Holding faces liquidity strain as Norway cash calls loom

Reuters
03/17
Rex’s Lime Petroleum Holding faces liquidity strain as Norway cash calls loom

Rex said its subsidiary Lime Petroleum Holding is facing short-term liquidity pressure due to higher drilling costs and delayed oil-production revenue in Benin. Lime Petroleum has cash call obligations for Norway’s Yme Field (25%) and Bestla Field (17%), and it may lose these interests if it cannot fund them by early April and end April, respectively. Cash calls for the Brage Field (33.84%) were up to date as of 16 March. Nordic Trustee issued a written resolution for bondholders of Lime Petroleum Holding’s 2027 and 2028 bonds to approve expedited interim liquidity funding ahead of a recapitalisation process. The proposed measures include engaging Alvarez & Marsal Europe as restructuring adviser and to provide a chief restructuring officer.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rex International Holding Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 209K6OI6M2OE3LM7) on March 17, 2026, and is solely responsible for the information contained therein.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10