Lime Petroleum AS: November 2025 Brage & Yme Field Production Update

Highlights from the Latest Operational Report

• Combined Production: Lime Petroleum AS (“LPA”) reported total combined production from the Brage and Yme Fields, net to LPA, of 9,408 barrels of oil equivalent per day (boepd) for November 2025.
• Brage Field: LPA holds a 33.8434% working interest in the Brage Field, which is operated by OKEA ASA.
• Yme Field: LPA holds a 25% working interest in the Yme Field, operated by Repsol Norge AS.
• Yme Field Gas Handling: Only oil is sold from the Yme Field; produced gas is used for production operations and re-injected into the reservoir for enhanced oil recovery.
• Operational Updates: Both fields experienced scheduled and unscheduled shut-ins during the month, described as part of the ordinary course of operations.
• Drilling Activities: Drilling continues at Brage and Bestla (the latter will be tied back to Brage), indicating ongoing investment in future production capacity.

Investor-Relevant Analysis

Production Volumes & Revenue Implications

November’s net production figure of 9,408 boepd is a key metric for shareholders, as it directly informs revenue projections and cash flow estimates for LPA. The split interest in both fields — particularly the substantial stake in Brage — means changes in field performance can materially affect the company’s topline.

Price-Sensitive Developments

• Scheduled and Unscheduled Shut-ins: While described as ordinary, such operational interruptions can impact monthly production. Investors should monitor for any trend of increasing frequency or severity, which could affect future output and profitability.
• Drilling Programs at Brage and Bestla: Ongoing drilling signals further investment into increasing or maintaining production. Success in these programs could result in future volume uplifts, positively impacting valuation. Conversely, any delays or unsuccessful results could have a negative impact.
• Yme Gas Handling: The re-injection of produced gas for enhanced oil recovery is a technical strategy that could improve long-term oil output. However, since the gas is not currently sold, it does not immediately contribute to revenue.

Implications for Shareholders

The production data and continued drilling efforts are material for investors. Any significant changes in production volumes, unexpected operational issues, or drilling results could move the share price. The company’s exposure to both scheduled and unscheduled production interruptions highlights operational risk. The ongoing drilling activity, especially tie-ins like Bestla to Brage, demonstrates a growth strategy that could yield future value. Investors should be attentive to further updates regarding drilling outcomes and any changes in production trends.

Conclusion

Lime Petroleum AS’s November 2025 update offers both reassurance and risk signals for investors. On one hand, the company continues to produce at meaningful levels and is investing in future capacity. On the other, operational interruptions and the success of drilling campaigns remain variables that could materially affect future results and, by extension, the share price.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their financial advisors and review official company filings before making investment decisions. All analysis is based on publicly available information as of the date of this release.

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