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How Will Lion Energy’s $12 Million Barrel Bet in East Seram Play Out?
2:32pm on Tuesday 27th of January, 2026 AEDT
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Energy
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How Will Lion Energy’s $12 Million Barrel Bet in East Seram Play Out?
2:32pm on Tuesday 27th of January, 2026 AEDT
Key Points
Farm-out agreement with OPIC funds 88% of Bula Karang-1 drilling costs
Mid-case prospective resource of 12 million barrels oil equivalent at Bula Karang
Drilling planned from onshore location to reduce costs and accelerate production
East Seram PSC term extended to 2028 with potential 20-year extension
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