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The latest announcement is out from Lion Energy Limited ( (AU:LIO) ).
Lion Energy Limited has made notable progress in its Port of Brisbane Green Hydrogen Project by receiving initial EPC cost estimates and advancing hydrogen offtake discussions. The company is also preparing for drilling activities in the East Seram PSC, with plans for the Bula Karang prospect, and is actively seeking funding through a farm-in strategy. Lion’s oil operations reported a gross production of 70,883 barrels of crude oil for the quarter. The company’s strategic focus remains on optimizing development costs and advancing its hydrogen and oil projects, which are expected to impact its market positioning and stakeholder interests.
More about Lion Energy Limited
Lion Energy Limited is an ASX-listed company engaged in oil and gas exploration and production, with a new focus on green hydrogen. The company operates two conventional Production Sharing Contracts (PSCs) on Seram Island, Indonesia, and aims to establish Southeast Queensland’s first commercial-scale green hydrogen production and distribution hub.
Average Trading Volume: 82,504
Technical Sentiment Signal: Sell
Current Market Cap: A$4.97M
For a thorough assessment of LIO stock, go to TipRanks’ Stock Analysis page.