Brief: Lion Energy Executes Farm-Out Agreement With Existing Partner Opic East Seram Corporation
06/01/2026 01:19
Jan 6 (Reuters) - Lion Energy Ltd LIO.AX: EXECUTED FARM-OUT AGREEMENT WITH EXISTING PARTNER OPIC EAST SERAM CORPORATION OPIC WILL FUND 88% OF THE DRILLING COST FOR BULA KARANG EXPLORATION WELL LION’S NET FUNDING OBLIGATION WILL BE 12% OF $5.6 MILLION WELL COST ESTIMATE, AND IT WILL HOLD 45% STAKE IN THE PSC Further company coverage: LIO.AX ((Reuters.Briefs@thomsonreuters.com;))
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