Lion Energy Limited (ASX:LIO)
Lion Energy Limited is an Australia-based Indonesian focused oil and gas exploration and production company. The Company’s project includes Seram. The Company has two PSCs located on Seram Island. These include the Seram PSC containing the transformational Lofin Gas discovery, and the producing Oseil oil field and the East Seram PSC containing the Lofin extension and prospects. The Company through its subsidiary Lion International Investment Limited (LII), holds the oil producing Seram (Non-Bula) Block Renewal PSC joint venture, which is located onshore Seram Island in Eastern Indonesia. The Company through its subsidiary, Balam holds the East Seram PSC containing an extension of the Lofin Gas and Bula Oil fields and in excess of approximately 700 mmboe’s of unrisked mean potential in exploration leads.