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Lion Energy lines up November drilling after strengthening Bula Karang funding
12:12pm on Wednesday 28th of October, 2026 AEDT
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Oil and Gas
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Lion Energy lines up November drilling after strengthening Bula Karang funding
12:12pm on Wednesday 28th of October, 2026 AEDT
Key Points
A$2.283 million cash at 30 September, up from A$889,000
Bula Karang-1 spud scheduled for 10 November 2026
12 million barrel P50 prospective resource with 38% geological chance of success
OPIC funding 88% of drilling costs up to US$5.6 million
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