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Lion Energy secures funding for East Seram well, trims mature asset exposure
12:32pm on Wednesday 22nd of April, 2026 AEST
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Energy
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Lion Energy secures funding for East Seram well, trims mature asset exposure
12:32pm on Wednesday 22nd of April, 2026 AEST
Key Points
Farm-out deal with OPIC funds 88% of East Seram well cost
Divestment of 2.5% Seram (Non-Bula) PSC interest for US$1.2 million
Bula Karang prospect holds 12 million barrels P50 prospective resource
Green hydrogen project capital expenditure deferred pending funding
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