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Lion Energy Limited (ASX:LIO)

ALERT: Price-sensitive ASX Announcement for LIO
Current share price for LIO : $0.012 -0.005 (-29.41%)+
Announcement
Release
27 Jan 2026 2:15PM
Price at Release
$0.017
Full Release
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Summary
Lion Energy Limited's Quarterly Activities Report for Q4 2025 highlights significant progress in its East Seram PSC operations and green hydrogen initiatives. The company finalized farmout terms for drilling the Bula Karang-1 well, securing funding with OPIC, which will cover 88% of the drilling costs. The well is planned for June/July 2026, with potential resources estimated at 12 mmboe. Progress was made in assembling a skilled drilling team and preparing logistics, with regulatory support from Indonesia's SKK Migas. Additionally, Lion Energy is cautiously advancing its Port of Brisbane Green Hydrogen Project, focusing on securing public co-funding and reassessing capital priorities due to increased construction costs. Related party payments during the quarter amounted to A$263,000.
Key Points
  • Finalization of farmout terms for East Seram PSC and funding secured for Bula Karang-1 well.
  • OPIC to fund 88% of drilling costs, with drilling planned for June/July 2026.
  • Estimated mid-case prospective resource for Bula Karang-1 is 12 mmboe.
  • Strategic sale of 2.5% interest in Seram (Non-Bula) PSC announced.
  • Cautious progress on Port of Brisbane Green Hydrogen Project due to cost increases.
  • Public co-funding considered essential for the hydrogen project's competitiveness.
  • Related party payments totaling A$263,000 during the quarter.
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.