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Lion Energy Sells Seram Non-Bula Stake to Fund East Seram Drilling Plans
9:01am on Thursday 4th of September, 2025 AEST
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Energy
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Lion Energy Sells Seram Non-Bula Stake to Fund East Seram Drilling Plans
9:01am on Thursday 4th of September, 2025 AEST
Key Points
Sale of 2.5% minority interest in Seram Non-Bula PSC for US$1.2 million
Removes exposure to near-term negative cash flow from commitment work program
Proceeds to fund drilling of Bula Karang oil prospect in East Seram PSC
Transaction subject to Indonesian government approval, expected to complete in Q4 2025
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