Investors
Why invest in Lion Energy?
- Board and management with extensive technical, operational, commercial, financial and corporate experience across the energy sector
- Long-standing experience operating and investing in Indonesia and Southeast Asia
- Strong regional relationships, networks and understanding of the commercial and regulatory environment
- Proven capability in identifying, evaluating, funding and progressing oil and gas opportunities
- Lion is Operator and holds a 45% working interest in the East Seram PSC
- Bula Karang-1 targets a 12.4 million barrel P50 prospective resource with an estimated 38% geological chance of success
- Rig and equipment mobilisation is underway, with drilling expected to commence in October 2026
- OPIC is funding 88% of Bula Karang-1 drilling costs, subject to the agreed funding cap, while Lion retains a 45% interest in the PSC
- Existing infrastructure provides the potential for a relatively rapid and capital-efficient pathway to commercialisation in the event of success
- East Seram is located within a proven but underexplored petroleum basin with established oil and gas discoveries
- Bula Karang is the first test of a broader shallow-water Bula Bay transition-zone opportunity
- Significant follow-up potential exists across Bula Bay in the event of exploration success
- The wider East Seram PSC contains a substantial portfolio of larger exploration opportunities, including Kobi, Waru, Tanah Baru and Wahai Deep
- Potential extension of the Lofin gas accumulation into the East Seram PSC provides additional material gas exposure
- Lion’s extensive seismic database, technical work and operating history provide a strong foundation for continuing exploration across the PSC
- Lion is actively reviewing new oil and gas opportunities across Southeast Asia
- The Company is seeking opportunities where its existing skills, networks, relationships and regional operating experience can provide a competitive advantage
- Priority is being given to assets with production, or a clear pathway to production and early commercialisation, together with meaningful development or exploration upside
- Lion intends to apply disciplined technical, commercial and financial criteria to acquisitions and new ventures
- Focus on opportunities capable of delivering material value relative to Lion’s capital exposure
- Strategic partnering and farm-out structures can be used to manage funding requirements while retaining meaningful exposure to success
- Disciplined portfolio management and capital allocation
- Focus on building long-term shareholder value through growth in production, reserves, resources and cash flow
