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Lion Energy Advances Bula Karang Drilling with Indonesian Approval and Funding
12:25pm on Monday 27th of July, 2026 AEST
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Energy
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Lion Energy Advances Bula Karang Drilling with Indonesian Approval and Funding
12:25pm on Monday 27th of July, 2026 AEST
Key Points
Bula Karang-1 drilling contract signed with Silver City Drilling
Indonesian government approves 15% farm-out to OPIC, funding 88% of drilling costs
Prospective resource of 12 million barrels with 38% geological chance of success
Hydrogen business exited with equipment sale generating A$400,000
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