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Lion Energy Limited (ASX:LIO)

ALERT: Price-sensitive ASX Announcement for LIO
Current share price for LIO : $0.013 -0.002 (-13.33%)+
Announcement
Release
30 Oct 2025 12:35PM
Price at Release
$0.015
Full Release
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Summary
Lion Energy Limited has progressed significantly in its green hydrogen and oil exploration projects for the quarter ending 30 September 2025. The company is advancing its Port of Brisbane Green Hydrogen Project, focusing on acquiring necessary funding through ARENA to proceed with project development. In parallel, Lion Energy has made notable progress in its oil exploration activities within the East Seram PSC, Indonesia, with key drilling personnel hired and funding arrangements for the Bula Karang-1 well underway. Additionally, Lion completed the strategic sale of its 2.5% interest in the Seram (Non-Bula) PSC for approximately US$1.2 million, enhancing its financial position for future exploration activities.
Key Points
  • Progress in the Port of Brisbane Green Hydrogen Project with plans for ARENA funding.
  • Significant advancements in oil exploration in East Seram PSC, Indonesia.
  • Strategic sale of 2.5% interest in Seram (Non-Bula) PSC for US$1.2 million.
  • Continuation of planning and hiring for the Bula Karang-1 drilling project.
  • Funding arrangement discussions underway for the Bula Karang-1 well.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.